USA Compression Partners Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw strong financial and operational results following the J-W Power acquisition, with record pricing, improved margins, and nearly full 2026 contracting. Advanced planning addresses extended engine lead times, and guidance remains unchanged amid robust market demand.
Fiscal Year 2025
-
Record 2025 results with Adjusted EBITDA of $613.8M and DCF of $385.7M, high utilization, and expanded horsepower following the J-W Power acquisition. 2026 guidance projects further growth, with $770M–$800M Adjusted EBITDA and significant capital investment planned.
-
The acquisition expands geographic reach, customer base, and fleet scale, with a $430M cash and equity deal at 5.8x 2026E EBITDA. Expected to be accretive, reduce leverage, and deliver operational synergies over time, with integration and capital plans to be detailed post-close.
-
Q3 2025 saw record revenues, strong margins, and improved leverage, prompting raised EBITDA and DCF guidance. Refinancing efforts reduced borrowing costs, while robust demand and pricing trends support continued growth into 2026.
-
Record Q2 revenue and margins were achieved, with strong demand and utilization across basins. Guidance for 2025 is maintained, and long-term growth is expected from tech and utility investments. Leverage and distribution coverage remain within targets.
-
Q1 2025 saw record revenue per horsepower, high utilization, and strong adjusted margins. Guidance for 2025 is maintained, with expansion capital back-end loaded and ongoing RFPs for 2026. Market consolidation and stable lead times support a positive outlook.
Fiscal Year 2024
-
Record financial and operational results for Q4 and 2024, with high utilization and improved leverage. 2025 guidance projects stable EBITDA and cash flow, with growth capital focused on the Permian and ongoing efficiency initiatives.
-
Record Q3 2024 results with double-digit revenue growth, high utilization, and robust margins driven by strong compression market demand. Raised full-year CapEx guidance due to higher redeployment costs and opportunistic asset purchases, while maintaining a disciplined outlook for 2025.
-
Record Q2 results with all-time high utilization, revenue, and margins, supported by strong demand and disciplined pricing. 2024 guidance raised, with continued focus on deploying idle assets and managing capital structure amid robust market conditions.