USA Compression's Q3 Earnings Lag Estimates, Revenues Top
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USA Compression's Q3 earnings fell short of estimates, but revenues exceeded expectations. The company projects net income of $105-$125 million, adjusted EBITDA of $565-$585 million, and distributable cash flow between $345 million and $365 million for 2024.
November 11, 2024 | 1:30 pm
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NEUTRAL IMPACT
USA Compression's Q3 earnings missed estimates, but revenues exceeded expectations. The company has provided positive financial projections for 2024.
While the earnings miss could be seen negatively, the revenue beat and positive financial projections for 2024 may offset the negative sentiment. Investors might focus on the future outlook, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100