USA Compression Partners (USAC) Q4 Revenue Beats
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USA Compression Partners Reports Fourth-Quarter 2022 Results and Provides 2023 Outlook; Achieves Record Revenues
February 14, 2023 6:59 AM ESTAUSTIN, Texas--(BUSINESS WIRE)-- USA Compression Partners, LP (NYSE: USAC) (USA Compression or the Partnership) announced today its financial and operating results for fourth-quarter 2022.
Fourth-Quarter 2022 Highlights
Record total revenues of $190.1 million for fourth-quarter 2022, compared to $159.9 million for fourth-quarter 2021. Net income was $8.4 million for fourth-quarter 2022, compared to $3.1 million for fourth-quarter 2021. Net cash provided by operating activities was $82.1 million for fourth-quarter 2022, compared to $81.1 million for fourth-quarter 2021. Adjusted EBITDA of $113.0 million for fourth-quarter 2022, compared to $99.2 million for fourth-quarter 2021. Distributable Cash Flow of $60.6 million for fourth-quarter 2022, compared to $52.0 million for fourth-quarter... More