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USA pression Partners(USAC) - 2022 Q4 - Annual Report
2023-02-14 21:59
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or Delaware 75-2771546 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) | Title of each class | Trading Symbol(s) | Name of each exc ...
USA pression Partners(USAC) - 2022 Q4 - Earnings Call Transcript
2023-02-14 19:23
USA Compression Partners, LP (NYSE:USAC) Q4 2022 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Chris Porter - VP, General Counsel & Secretary Eric Long - President & CEO Eric Scheller - COO Mike Pearl - CFO Conference Call Participants TJ Schultz - RBC Capital Markets Robert Mosca - Mizuho Securities Selman Akyol - Stifel Operator Good morning, and welcome to the USA Compression Partners, LP Fourth Quarter 2022 Earnings Call. All participants are in a listen-only mode. After th ...
USA Compression Partners (USAC) Presents at Wells Fargo 21st Annual Midstream & Utilities Symposium
2022-12-09 18:59
USA Compression Partners, LP Wells Fargo Midstream and Utilities Symposium December 7, 2022 USA - Forward-Looking Statements and Ownership Structure | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...
USA pression Partners(USAC) - 2022 Q3 - Earnings Call Transcript
2022-11-01 22:08
USA Compression Partners, LP (NYSE:USAC) Q3 2022 Earnings Conference Call November 11, 2022 11:00 AM ET Company Participants Chris Porter - Vice President, General Counsel & Secretary Eric Long - President & Chief Executive Officer Mike Pearl – Chief Financial Offier Conference Call Participants Selman Akyol - Stifel Gabe Moreen - Mizuho Operator Good morning. Welcome to USA Compression Partners of Third Quarter 2021 Earnings Conference Call. Today's conference call, all parties will be in listen-only mute ...
USA pression Partners(USAC) - 2022 Q3 - Quarterly Report
2022-11-01 20:33
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware (State or other jurisdiction of incorporation or organization) 75-2771546 (I.R.S. Employer Identification No.) For the transition period from to . Commission File ...
USA pression Partners(USAC) - 2022 Q2 - Quarterly Report
2022-08-02 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the quarterly period ended June 30, 2022 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 75-2771546 (I. ...
USA pression Partners(USAC) - 2022 Q2 - Earnings Call Transcript
2022-08-02 19:56
USA Compression Partners, LP (NYSE:USAC) Q2 2022 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Chris Porter - Vice President, General Counsel & Secretary Eric Long - President & Chief Executive Officer Matt Liuzzi - Chief Financial Officer Conference Call Participants Selman Akyol - Stifel Gabe Moreen - Mizuho Operator Good morning and welcome to USA Compression Partners LP Second Quarter 2022 Earnings Conference Call. During today's call, all parties will be in a listen-only mode ...
USA pression Partners(USAC) - 2022 Q1 - Earnings Call Transcript
2022-05-03 23:19
USA Compression Partners LP (NYSE:USAC) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Christopher Porter - VP, General Counsel & Secretary Eric Long - CEO & President Matthew Liuzzi - VP, CFO & Treasurer Conference Call Participants Torrey Schultz - RBC Capital Markets Selman Akyol - Stifel, Nicolaus & Company Operator Welcome to USA Compression Partners LP's First Quarter '22 Earnings Conference Call. [Operator Instructions]. I would now like to turn the call over to Chris P ...
USA pression Partners(USAC) - 2022 Q1 - Quarterly Report
2022-05-03 20:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-35779 USA Compression Partners, LP (Exact name of registrant as specified in its charter) Delaware (State or other j ...
USA pression Partners(USAC) - 2021 Q4 - Earnings Call Transcript
2022-02-15 22:32
Financial Data and Key Metrics Changes - In Q4 2021, the company reported quarterly revenue of $160 million, adjusted EBIT of $99 million, and distributable cash flow (DCF) to limited partners of $52 million, all consistent with the previous quarter [37][39] - The adjusted gross margin as a percentage of revenue was 68%, and adjusted EBITDA margin was 62%, both consistent with historical averages [39] - The total fleet horsepower at the end of the quarter was approximately 3.7 million horsepower, flat compared to the third quarter, with average utilization up to 82.9% [40] Business Line Data and Key Metrics Changes - Approximately $157 million of total revenues reflected core contract operations, while parts and service revenue contributed roughly $3 million [37] - Capital spending guidance was maintained with total expansion capital of $14 million, primarily for reconfiguration of idle units [41] Market Data and Key Metrics Changes - Crude oil prices in Q4 were up over 80% from the previous year, while natural gas prices were up almost 100% [18][20] - U.S. crude oil inventories were reported to be 13% below last year and 9% below the five-year average, indicating a tight supply situation [25] Company Strategy and Development Direction - The company aims to continue providing natural gas compression services, focusing on long-term and strategic infrastructure-oriented customers [12] - The dual drive concept is expected to be a significant offering, allowing customers to switch between natural gas and electricity, thus reducing emissions [35] Management's Comments on Operating Environment and Future Outlook - Management noted that the current environment is characterized by high commodity prices and a tight supply-demand balance, which is expected to drive investment actions from customers [17][24] - The company anticipates continued demand for compression services as natural gas remains a critical energy source [33][36] Other Important Information - The company maintained its distribution at $0.525 per unit, resulting in a distributable cash flow ratio of 1.02 times [43] - The company has returned over $1.3 billion to unitholders since its IPO in 2013, demonstrating stability in cash flow generation [36] Q&A Session Summary Question: Current activity levels versus expectations - Management indicated that activity levels are consistent with expectations for 2022, significantly ahead of 2021, driven by increased CapEx from major players [48][49] Question: Capital allocation and distribution versus debt reduction - Management emphasized that the market has not fully recognized the stability of the business, and they plan to focus on accretive projects while maintaining distributions [51][52] Question: Growth areas and basin shifts - The Permian Delaware basin is currently leading in activity, with notable increases in rig counts and demand also seen in the Haynesville Shale and midcontinent areas [58][59] Question: Long-term debt leverage perspective - Management stated that their perspective on debt leverage remains unchanged, with plans to continue reducing debt as cash flows increase [62] Question: Pricing assumptions and inflationary pressures - Management noted that pricing assumptions in guidance are conservative, with expectations of moderate inflation in labor costs and effective management of parts pricing [68][71] Question: Supply chain constraints for large horsepower - Management confirmed that there are significant lead times for sourcing large horsepower equipment, which could impact the ability to meet customer demands if not ordered in advance [74][75]