USA Compression Partners, LP Reports Second Quarter 2020 Results; Updates 2020 Outlook
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USA Compression Partners (USAC) Misses Q2 EPS by 6c, Reveneus Miss; Updates FY20 Outlook
August 4, 2020 7:09 AM EDTUSA Compression Partners (NYSE: USAC) reported Q2 EPS of ($0.10), $0.06 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $168.7 million versus the consensus estimate of $170.31 million.
Second Quarter 2020 Highlights
Total revenues were $168.7 million for the second quarter 2020, compared to $173.7 million for the second quarter 2019.Net income was $2.7 million for the second quarter 2020, compared to $9.9 million for the second quarter 2019.Net cash provided by operating activities was $97.4 million for the second quarter 2020, compared to $99.8 million for the second quarter 2019.Adjusted EBITDA was $105.5 million for the second quarter 2020, compared... More