Usa Compression Partners Earnings: Everything You Must Know Now

Usa Compression Partners LP(NYSE:USAC) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Usa Compression Partners LP  Earnings Cheat Sheet

Results:

Revenue: Decreased 0% to $33.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Usa Compression Partners LP reported adjusted EPS income of $0.08 per share. By that measure, the company missed the mean analyst estimate of $0.12. It missed the average revenue estimate of $34.14 million.

Quoting Management: “We are very pleased to report another quarter of record revenue, Adjusted EBITDA and distributable cash flow for the second quarter of 2013,” said Eric D. Long, USA Compression President and Chief Executive Officer. “We’re continuing to see solid demand for our compression services, and we continue to improve our gross operating margins and our overall financial performance.
“We have customer contracts for 100% of the new compression units that were delivered primarily in the first quarter of this year, composed of 35,880 horsepower, and contracts for 84% of the new compression units that were delivered primarily in the second quarter, composed of 59,205 horsepower. We expect to place the remainder of these new compression units under customer contracts and are evaluating additional orders of new compression units for delivery in the first half of 2014,” he said.

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 14.29% from $0.07 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.17 and has not changed. For the current year, the average estimate is a profit of $0.56, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)