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USA Compression Partners Swings to Q1 Earnings, Revenue Rises; Maintains 2024 Net Income Guidance
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USA Compression Partners Swings to Q1 Earnings, Revenue Rises; Maintains 2024 Net Income Guidance
May 7, 2024 6:29 AM

09:06 AM EDT, 05/07/2024 (MT Newswires) -- USA Compression Partners ( USAC ) reported Q1 net income Tuesday of $0.19 per diluted unit, compared with a loss of $0.01 per unit a year earlier.

Four analysts polled by Capital IQ expected earnings of $0.12.

Total revenue for the quarter ended March 31 was $229.3 million, up from $197.1 million a year earlier.

Three analysts surveyed by Capital IQ expected $228.4 million.

The company maintained its 2024 net income guidance of $95 million to $115 million. Analysts surveyed by Capital IQ expect $81.5 million.

Shares of the company added more than 2% in recent premarket activity Tuesday.

Price: 24.80, Change: +0.60, Percent Change: +2.48

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