USA Compression Partners LP (NYSE: USAC) saw its stock price plunge by 11.08% in pre-market trading on Tuesday, following the release of its fourth-quarter 2024 earnings results that missed analysts' expectations.
The natural gas compression services provider reported earnings per share (EPS) of $0.18 for the quarter, significantly lower than the consensus estimate of $0.24. Despite the earnings miss, the company's revenue of $245.9 million beat analysts' expectations of $243.46 million, representing a 9.27% year-over-year increase.
The disappointing earnings results, particularly the EPS miss, seem to be the primary driver behind the stock's pre-market plunge. The market reacted negatively to the company's failure to meet earnings expectations, which could raise concerns about its profitability and future growth prospects.