Brief: USA Compression Partners Reports Qtrly Basic And Diluted Net Loss Per Common Unit Of $0.23

USA Compression Partners LP (Texas)

09/05/2018 11:07

May 9 (Reuters) - USA Compression Partners LP  USAC.N :
    * USA COMPRESSION PARTNERS, LP REPORTS FIRST QUARTER 2018
RESULTS;
UPDATES 2018 OUTLOOK
    * Q1 REVENUE $77.7 MILLION VERSUS I/B/E/S VIEW $77.4 MILLION
    * SEES 2018 NET LOSS RANGE OF $50.0 MILLION TO $30.0 MILLION
    * SEES 2018 ADJUSTED EBITDA RANGE OF $310.0 MILLION TO
$330.0
MILLION
    * ADJUSTED EBITDA RANGE OF $310.0 MILLION TO $330.0 MILLION
IS
EXPECTED FOR FY18
    * SEES 2018 DISTRIBUTABLE CASH FLOW RANGE OF $170.0 MILLION
TO
$190.0 MILLION
    * QTRLY BASIC AND DILUTED NET LOSS PER COMMON UNIT $    0.23
    * IN Q1, NET LOSS WAS PRIMARILY DUE TO NON-RECURRING
TRANSACTION
EXPENSES RELATED TO THE CDM ACQUISITION
    * FOR BALANCE OF 2018, HAVE COMMITMENTS TO TAKE DELIVERY OF
ABOUT
150,000 HORSEPOWER
    * QTRLY AVERAGE REVENUE GENERATING HORSEPOWER WAS 1.7
MILLION,
COMPARED TO 1.6 MILLION FOR Q4 2017
    * Q1 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS
I/B/E/S
    * QTRLY AVERAGE HORSEPOWER UTILIZATION 94.9% VERSUS 88.2%
LAST
YEAR

Source text for Eikon:  ID:nBw3PgfWRa 
Further company coverage:  USAC.N 

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