USA Compression Partners, LP (NYSE:USAC) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET
Company Participants
Christopher Porter - Vice President, General Counsel and Secretary
Eric Long - President and Chief Executive Officer
Eric Scheller - Chief Operating Officer
Michael Pearl - Chief Financial Officer
Conference Call Participants
TJ Schultz - RBC Capital Markets
Brian DiRubbio - Robert W. Baird & Co.
Selman Akyol - Stifel, Nicolaus & Company, Inc.
Operator
Good morning. Welcome to USA Compression Partners First Quarter 2023 Earnings Conference Call. During today’s call, all parties will be in a listen-only mode, and following the call, the conference will be open for Q&A. [Operator Instructions] This conference is being recorded today, May 2, 2023.
I would now like to turn the call over to Chris Porter, Vice President, General Counsel and Secretary.
Christopher Porter
Good morning, everyone, and thank you for joining us. This morning, we released our operational and financial results for the quarter ending March 31, 2022. You can find a copy of our earnings release as well as a recording of this call in the Investor Relations section of our website at usacompression.com.
During this call, our management will discuss certain non-GAAP measures. You will find definitions and reconciliations of these non-GAAP measures to the most comparable U.S. GAAP measures in our earnings release.
As a reminder, our conference call will include forward-looking statements. These statements include projections and expectations of our future performance and represent our current beliefs. Actual results may differ materially. Please review the statements of risk included in this morning’s release and in our other public filings. Please note that information provided on this call speaks only to management views as of today, May 2, 2023, and may no longer be active at the time of a replay.
I’ll now turn the call over to Eric Long, President and CEO of USA Compression.
Eric Long
Thank you, Chris. Good morning, everyone, and thanks for joining our call. I am joined on the call by Eric Scheller, our COO; and Mike Pearl, our CFO. This morning we released outstanding first quarter 2023 results that were indicative of our continued commitment to make investment, operational and financial decisions that are consistent with and effective in achieving our stated objective to create stakeholder value by growing our best-in-class compression service offerings.
During 2023 and on into 2024, we are choosing to exercise capital discipline to enhance returns, improve balance sheet strength and ultimately achieve the state of financial optionality that provides us with meaningful flexibility and future optionality to deploy free cash flow to further reduce debt, make changes to our distribution policy or pursue other strategic long-term investments that capture incremental value that can be passed to our stakeholders.