USA Compression Partners LP

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

USAC$25.52+0.2%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except per unit amounts)

	Three Months EndedMarch 31,
	2024	2023
Revenues:
Contract operations	$218,104	$188,539
Parts and service	5,460	3,878
Related party	5,712	4,707
Total revenues	229,276	197,124
Costs and expenses:
Cost of operations, exclusive of depreciation and amortization	75,072	66,665
Depreciation and amortization	63,251	59,486
Selling, general, and administrative	22,827	19,101
Loss (gain) on disposition of assets	1,254	(376)
Impairment of compression equipment	—	1,191
Total costs and expenses	162,404	146,067
Operating income	66,872	51,057
Other income (expense):
Interest expense, net	(46,666)	(39,790)
Loss on extinguishment of debt	(4,966)	—
Gain on derivative instrument	8,771	—
Other	34	24
Total other expense	(42,827)	(39,766)
Net income before income tax expense	24,045	11,291
Income tax expense	472	350
Net income	23,573	10,941
Less: distributions on Preferred Units	(4,388)	(12,187)
Net income (loss) attributable to common unitholders’ interests	$19,185	$(1,246)
Weighted-average common units outstanding – basic	102,535	98,247
Weighted-average common units outstanding – diluted	103,606	98,247
Basic and diluted net income (loss) per common unit	$0.19	$(0.01)
Distributions declared per common unit for respective periods	$0.525	$0.525

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.