Business Context and Reporting Period
Company: USA Compression Partners, LP
Filing Type: Form 8-K (Current Report)
Date of Report: August 5, 2015
Reporting Period: Second Quarter 2015
This filing serves to report the Partnership's financial and operating results for the second quarter of 2015, incorporating a press release (Exhibit 99.1) by reference.
Key Financial Metrics
The filing text references a press release stating the company achieved record levels for the following metrics, though specific numerical values are not provided in the 8-K text itself:
- Revenue: Record revenues reported.
- Profitability: Record Adjusted EBITDA reported.
- Cash Flow: Record Adjusted Distributable Cash Flow reported.
Note: Specific figures for revenue, profit, cash flow, margins, debt, and liquidity are not contained within the body of this 8-K filing; they are located in the referenced Exhibit 99.1.
Material Changes
The filing indicates a positive material change in performance, characterized by the achievement of record financial results for the second quarter of 2015 compared to prior periods.
Guidance and Outlook
Outlook: Management has raised the 2015 outlook following the strong second-quarter performance.
Management Commentary: The press release title highlights the achievement of record revenues, Adjusted EBITDA, and Adjusted Distributable Cash Flow.
Risks and Contingencies: The filing includes a standard disclaimer that the information in this report and Exhibit 99.1 is not deemed "filed" under Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific numerical values regarding Q2 2015 revenue, Adjusted EBITDA, and Adjusted Distributable Cash Flow.
- Verify the specific details of the raised 2015 outlook provided in the press release.
- Confirm the calculation methodology for "Adjusted Distributable Cash Flow" as this is a non-GAAP measure.