USA Compression Partners, LP (NYSE:USAC) is reporting second quarter financial results on Tuesday 4th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, USAC is expected to report 2Q20 loss of $ 0.04 per share from revenue of $ 170.31 million.
For the full year, analysts anticipate top line of $ 671.41 million, while looking forward to loss of $ 6.56 per share bottom line.
Previous Quarter Performance
USA Compression Partners, LP posted income for the first quarter of $ 0.05 per share, from the revenue of $ 179.00 million. The quarterly revenues gained 4.39 percent compared with the same quarter last year. Street analysts expected USA Compression Partners, LP to report loss of $ 0.02 per share on revenue of $ 175.56 million for the first quarter. The bottom line results beat street analysts by $ 0.07 or 350.00 percent, at the same time, top line results outshined analysts by $ 3.44 million or 1.96 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of USAC was $ 11.25, representing a 219.60 % increase from the 52 week low of $ 3.52 and a 38.59 % decrease over the 52 week high of $ 18.32.
The company has a market capital of $ 1.09 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
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Conference Call
USA Compression Partners, LP will be hosting a conference call at 11:00 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.usacompression.com
USA Compression Partners, LP provides compression services under fixed-term contracts to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil. The company designs, engineers, owns, operates, and maintains natural gas compression packages. It primarily provide compression services in shale plays in the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara, and Fayetteville shales in the Unites States.
