USA Compression Partners, LP (NYSE:USAC) Q4 2022 Earnings Conference Call February 14, 2023 11:00 AM ET
Company Participants
Chris Porter - VP, General Counsel & Secretary
Eric Long - President & CEO
Eric Scheller - COO
Mike Pearl - CFO
Conference Call Participants
TJ Schultz - RBC Capital Markets
Robert Mosca - Mizuho Securities
Selman Akyol - Stifel
Operator
Good morning, and welcome to the USA Compression Partners, LP Fourth Quarter 2022 Earnings Call. All participants are in a listen-only mode. After the speakers' presentation, we will conduct a question-and-answer session. [Operator Instructions]. As a reminder, this conference call is being recorded.
I would now like to turn the call over to Chris Porter, Vice President, General Counsel & Secretary. Thank you. Please go ahead, Mr. Porter.
Chris Porter
Good morning, everyone, and thank you for joining us.
This morning, we released our operational and financial results for the quarter and year ended December 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 filings. Please note that information provided on this call speaks only to management views as of today, February 14, 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'm joined on the call by Eric Scheller, our COO; and Mike Pearl, our CFO.
I would like to begin today's call by highlighting USA Compression's continued operational and financial improvements that were outlined in this morning's earnings release. For the fourth quarter 2022, USA Compression generated record quarterly revenues coming in just slightly above $190 million. These record revenues were enabled by continued quarter-over-quarter fleet utilization improvements that resulted in a fourth quarter utilization exit rate of just under 92%.