USA Compression Partners, LP (NYSE:USAC) natural gas compression services provider, is reporting third quarter earnings results on Tuesday 3rd November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.07 per share.
For the full year, analysts predict revenues of $ 667.59 million, while looking forward to loss of $ 6.63 per share.
Previous Quarter Performance
USA Compression Partners, LP disclosed loss for the second quarter of $ 0.06 per share, from the revenue of $ 168.65 million. The quarterly revenues reduced 2.90 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.04 per share from $ 170.31 million in revenue. The bottom line results missed street analysts by $ 0.02 or 50 percent, at the same time, top line results fell short of analysts by $ 1.66 million or 0.97 percent.
Stock Performance
Shares of USA Compression Partners, LP traded up $ 0.17 or 1.70 percent on Monday, reaching $ 10.18 with volume of 227.60 thousand shares. USA Compression Partners, LP has traded high as $ 10.18 and has cracked $ 9.92 on the downward trend
The closing price of $ 10.18, representing a 184.38 % increase from the 52 week low of $ 3.52 and a 45.36 % decrease over the 52 week high of $ 18.32.
The company has a market capital of $ 986.01 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
USA Compression Partners, LP will be hosting a conference call at 11:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 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.
