Usa Compression Partners, Lp Reports Earnings Results for the First Quarter Ended March 31, 2020
May 05, 2020 at 07:03 am EDT
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USA Compression Partners, LP announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 178.999 million compared to USD 170.746 million a year ago. Operating loss was USD 569.710 million compared to operating Income of USD 35.528 million a year ago. Net loss was USD 602.461 million compared to net income of USD 6.587 million a year ago.
USA Compression Partners, LP is a provider of natural gas compression services. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. It engineers, designs, operates, services and repairs its fleet of compression units and maintains related support inventory and equipment. It also provides compression services in mature conventional basins, including gas lift applications on crude oil wells targeted by horizontal drilling techniques. It has over 3,775,660 horsepower in its fleet. It provides compression services in a number of shales plays throughout the United States, including the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara and Fayetteville shales.
USA COMPRESSION PARTNERS, LP 
