On 23 March 2020, USA Compression Partners, LP (NYSE: USAC) changed -13.23% to recent value of $4.46. The stock transacted 514489 shares during most recent day however it has an average volume of 474.46K shares. It spotted trading -76.53% off 52-week high price. On the other end, the stock has been noted 26.70% away from the low price over the last 52-weeks.

USA Compression Partners, LP (USAC) reported recently its financial and operating results for the fourth quarter 2019.

Fourth Quarter 2019 Highlights

Total revenues were $178.2M for the fourth quarter 2019, contrast to $172.0M for the fourth quarter 2018.

Net income was $9.3M for the fourth quarter 2019, contrast to $10.2M for the fourth quarter 2018.

Net cash provided by operating activities was $91.7M for the fourth quarter 2019, contrast to $93.1M for the fourth quarter 2018.

Adjusted EBITDA was $109.2M for the fourth quarter 2019, contrast to $103.3M for the fourth quarter 2018.

Distributable Cash Flow was $58.0M for the fourth quarter 2019, contrast to $56.4M for the fourth quarter 2018.

Reported cash distribution of $0.525 per ordinary unit for the fourth quarter 2019, consistent with the fourth quarter 2018.

Distributable Cash Flow Coverage was 1.14x for the fourth quarter 2019, contrast to 1.19x for the fourth quarter 2018.

Liquidity and Long-Term Debt

As of December 31, 2019, the Joint Venture was in compliance with all covenants under its $1.6B revolving credit facility. As of December 31, 2019, the Joint Venture had outstanding borrowings under the revolving credit facility of $402.7M, $1.2B of borrowing base availability and, subject to compliance with the applicable financial covenants, accessible borrowing capacity of $484.4M. As of December 31, 2019, the outstanding aggregate principal amount of the Joint Venture’s 6.875% senior notes due 2026 and 6.875% senior notes due 2027 was $725.0M and $750.0M, respectively.

Full-Year 2020 Outlook

USA Compression is providing its full-year 2020 guidance as follows:

Net income range of $40.0M to $60.0M;

A forward-looking estimate of net cash provided by operating activities is not provided because the items necessary to estimate net cash provided by operating activities, in particular the change in operating assets and liabilities, are not accessible or estimable at this time. The Joint Venture does not anticipate the changes in operating assets and liabilities to be material, but changes in accounts receivable, accounts payable, accrued liabilities and deferred revenue could be important, such that the amount of net cash provided by operating activities would vary substantially from the amount of projected Adjusted EBITDA and Distributable Cash Flow;

Adjusted EBITDA range of $415.0M to $435.0M; and

Distributable Cash Flow range of $210.0M to $230.0M.

USAC has a gross margin of 67.70% and an operating margin of 24.10% while its profit margin remained -1.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 82.90% for this year while earning per share for the next 5-years is expected to reach at -1.00%.  The company has 71.52M of outstanding shares and 47.53M shares were floated in the market. According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -57.50% from the mean of 20 days, -68.06% from mean of 50 days SMA and performed -72.63% from mean of 200 days price. Company’s performance for the week was -41.01%, -71.23% for month and YTD performance remained -75.41%.

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