Brief: USA Compression Partners Q1 Revenue $170.7 Million

USA Compression Partners LP (Texas)

07/05/2019 12:16

May 7 (Reuters) - USA Compression Partners LP  USAC.N :
    * USA COMPRESSION PARTNERS, LP REPORTS FIRST QUARTER 2019
RESULTS;
CONFIRMS 2019 OUTLOOK
    * Q1 REVENUE $170.7 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$171.5 MILLION
    * QTRLY DILUTED NET LOSS PER COMMON UNIT $0.02
    * QTRLY DILUTED NET LOSS PER CLASS B UNIT $0.55
    * "MARKET DYNAMICS FROM WHICH WE'VE BENEFITTED OVER LAST
SEVERAL
QUARTERS HAVE CONTINUED THROUGH Q1 AND INTO Q2"
    * "U.S. NATURAL GAS PRODUCTION IS STRONG, AS IS DEMAND FOR
THAT
NATURAL GAS, BOTH DOMESTICALLY AND ABROAD"
    * "REMAINDER OF YEAR LOOKS TO CONTINUE MANY OF POSITIVE
MACRO
TRENDS WE HAVE BEEN EXPERIENCING LATELY."
    * CONFIRMING ITS FULL-YEAR 2019 GUIDANCE
    * SEES 2019 NET INCOME IN RANGE OF $20.0 MILLION TO $60.0
MILLION
    * SEES 2019 DISTRIBUTABLE CASH FLOW RANGE OF $180.0 MILLION
TO
$220.0 MILLION
    * SEES 2019 ADJUSTED EBITDA RANGE OF $380.0 MILLION TO
$420.0
MILLION
    * Q1 EARNINGS PER SHARE VIEW $-0.01, REVENUE VIEW $171.5
MILLION
-- REFINITIV IBES DATA
    * FY2019 EARNINGS PER SHARE VIEW $0.02, REVENUE VIEW $702.5
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw8YbLVja 
Further company coverage:  USAC.N 

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