USA Compression: 4Q Earnings Snapshot
AUSTIN, Texas (AP) _ USA Compression Partners LP (USAC) on Tuesday reported fourth-quarter net income of $10.2 million.
The Austin, Texas-based company said it had net income of 1 cent per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The natural gas compression services company posted revenue of $172 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $172.2 million.
For the year, the company reported a loss of $10.6 million, or 43 cents per share, swinging to a loss in the period. Revenue was reported as $584.4 million.
USA Compression shares have increased 15 percent since the beginning of the year. The stock has decreased 17 percent in the last 12 months.