USA Compression Partners, LP Reports First Quarter 2020 Results; Updates 2020 Outlook
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USA Compression Partners (USAC) Reports Q1 Revenues Beat
May 5, 2020 7:10 AM EDTUSA Compression Partners (NYSE: USAC) reported Q1 revenue for the quarter came in at $179 million versus the consensus estimate of $175.56 million.
First Quarter 2020 Highlights
Total revenues were $179.0 million for the first quarter 2020, compared to $170.7 million for the first quarter 2019.Net loss was $602.5 million for the first quarter 2020, compared to net income of $6.6 million for the first quarter 2019. The net loss for the first quarter 2020 included a $619.4 million charge due to non-cash impairment of goodwill.Net cash provided by operating activities was $50.1 million for the first quarter 2020, compared to $47.8 million for the... More