Usa Compression Partners LP (USAC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.15. The company posted revenue of $66.40 million in the period, compared to analysts expectations of $67.46 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Usa Compression Partners LP closed down -0.04 points or -0.31% at $12.94 with 1,77,393 shares getting traded on Wednesday. Post opening the session at $13.02, the shares hit an intraday low of $12.41 and an intraday high of $13.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 18, 2016, William G Manias (officer ) purchased 10,000 shares at $8.19 per share price. According to the SEC, on Dec 10, 2015, Eric D Long (director officer ) purchased 22,000 shares at $12.09 per share price.
USA Compression Partners LP is a provider of compression services in the United States in terms of total compression fleet horsepower. The Companys general partner USA Compression GP LLC manages its operations and activities. It provides services to its customers primarily in connection with infrastructure applications including processing and transportation of natural gas through the domestic pipeline system and crude oil production through artificial lift processes. As part of its services the Company engineer design operate service and repair its fleet of compression units and maintain related support inventory and equipment. The Company has approximately 1549020 horsepower in its fleet. It provides compression services in a number of shale plays throughout the United States including the Utica Marcellus Permian Basin Eagle Ford Mississippi Lime Granite Wash Woodford Barnett Haynesville and Fayetteville shales.