Brief: USA Compression Partners Reports First Quarter 2020 Results Updates 2020 Outlook

USA Compression Partners LP (Texas)

05/05/2020 12:32

May 5 (Reuters) - USA Compression Partners LP  USAC.N :
    * USA COMPRESSION PARTNERS, LP REPORTS FIRST QUARTER 2020
RESULTS;
UPDATES 2020 OUTLOOK
    * Q1 REVENUE $179 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$175.6
MILLION
    * USA COMPRESSION PARTNERS - NET LOSS FOR Q1 2020 INCLUDED A
$619.4 MILLION CHARGE DUE TO NON-CASH IMPAIRMENT OF GOODWILL
    * NET LOSS WAS $602.5 MILLION FOR Q1 2020, COMPARED TO NET
INCOME
OF $6.6 MILLION FOR Q1 2019
    * USA COMPRESSION PARTNERS - SEES FULL-YEAR 2020 NET LOSS
RANGE OF
$590.0 MILLION TO $570.0 MILLION
    * CURRENTLY PLAN TO REDUCE FURTHER OUR 2020 GROWTH CAPITAL
SPENDING BY APPROXIMATELY 25%

Source text for Eikon:  ID:nBw7YJHz9a 
Further company coverage:  USAC.N 

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