empty

2024.02.1312:24:00UTC+00USA Compression Partners Turns To Q4 Profit On Higher Revenue

USA Compression Partners, which provides natural gas compression services, announced a significant rise in their fourth quarter profits this past Tuesday. The company saw profits increase to $1.63 million, or $0.02 per share, a marked turnaround from a loss of $3.82 million, or $0.09 per share, during the same quarter the previous year. This increase was largely attributed to a rise in revenue.

Revenue for the quarter was reported at $225.05 million, up from $190.11 million the previous year. In a poll conducted by Thomson-Reuters, the average prediction of analysts was that the company would report earnings of $0.10 per share on a revenue of $220.8 million. However, such estimates often overlook contingency costs.

Looking towards the future, USA Compression Partners projects a full-year profit in the range of $95.0 million to $115.0 million for 2024.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.