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USA Compression Partners Reaffirmed FY24 Outlook: Net Income Of $105M-$125M, Adjusted EBITDA Of $565M-$585M

Benzinga ·  Nov 5 19:58
  • Net income range of $105.0 million to $125.0 million;
  • 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 Partnership does not anticipate changes in operating assets and liabilities to be material, but changes in accounts receivable, accounts payable, accrued liabilities, and deferred revenue could be significant, 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 $565.0 million to $585.0 million; and
  • Distributable Cash Flow range of $345.0 million to $365.0 million.
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