USA Compression Partners (USAC) Reports Q1 Revenues Beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- Wall St slips as higher Treasury yields weigh on sentiment
- Oil pares losses as market weighs Saudi supply concerns, Middle East tensions
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
USA Compression Partners, LP Reports First Quarter 2020 Results; Updates 2020 Outlook
May 5, 2020 7:00 AM EDTAUSTIN, Texas--(BUSINESS WIRE)-- USA Compression Partners, LP (NYSE: USAC) (USA Compression or the Partnership) announced today its financial and operating results for the first quarter 2020.
First Quarter 2020 Highlights
Total revenues were $179.0 million for the first quarter 2020, compared to $170.7 million for the first quarter 2019. Net loss was $602.5 million for the first quarter 2020, compared to net income of $6.6 million for the first quarter 2019. The net loss for the first quarter 2020 included a $619.4 million charge due to non-cash impairment of goodwill. Net cash provided by operating activities was $50.1 million... More