What is USA Compression's latest dividend and current dividend yield?

What does USA Compression do and what are its main business segments?

What is USA Compression's gross profit margin?

What guidance did USA Compression's management provide for the next earnings period?

What factors drove the changes in USA Compression's revenue and profit?

What is the market's earnings forecast for USA Compression next quarter?

What were the key takeaways from USA Compression’s earnings call?

What is the revenue and EPS growth rate for USA Compression year over year?

- **Record 2025 Financials**: EBITDA $613.8M, DCF $385.7M, 94.5% utilization.
- **J-W Acquisition Impact**: +1.7M active horsepower, $10M-$20M annual synergies by 2027.
- **2026 Growth Plan**: 2% active horsepower growth ($230M-$250M capex), 3.75x debt target.
- **Key Risks**: 2+ year lead times for new units, 50% of 2026 capex uncontracted.
- **Distribution Outlook**: 1.6x+ DCF coverage; potential growth if coverage >1.7x.

**【Management Remarks】**
- CEO Micah Green highlighted 2025 achievements: record adjusted EBITDA ($613.8M), DCF ($385.7M), and 94.5% average utilization. The J-W Power acquisition expanded presence in major basins (Permian, Marcellus, Utica) and added 1.7M active horsepower.
- Noted 2025 accomplishments included safety (TRIR 0.39 vs. industry average 0.75) and debt refinancing reducing borrowing costs.
- 2026 outlook: $770M-$800M EBITDA, $480M-$510M DCF, and 2% active horsepower growth (105,000 new units).

**【CEO Commentary】**
- Emphasized J-W integration benefits: expanded geographic reach, enhanced operational consistency, and $10M-$20M annual synergies by 2027.
- Highlighted Permian growth (1.7M active horsepower) and Northeast expansion driven by higher gas prices ($3.52/MMBtu vs. prior year $2.25).
- 2026 capital allocation: $230M-$250M expansion capex (2% growth) and $60M-$70M maintenance capex.

**【CFO Financial Commentary】**
- Q4 2025 results: net income $27.8M, operating income $76.6M, DCF $139.5M, and 94.5% utilization.
- Full year 2025: EBITDA $613.8M, DCF $385.7M, and 4.0x leverage ratio.
- 2026 guidance: EBITDA $770M-$800M, DCF $480M-$510M, and 3.75x debt target.
- Expansion capex ($230M-$250M) includes 105,000 new units, panel upgrades, and $40M in other investments.

**【Q&A Highlights】**
- **CapEx Timing**: 70% of 2026 expansion capex will be deployed in Q3-Q4 2026; 10,000 units already contracted for 2027.
- **Lead Times**: 2+ year lead times for new units; J-W manufacturing provides flexibility to meet demand.
- **Distributed Power**: Evaluating opportunities but no immediate plans; similar operational synergies to compression business.
- **Telemetry Upgrades**: Enhancing unit monitoring and maintenance efficiency with AI-driven insights.
- **Distribution Growth**: Targeting 1.6x+ DCF coverage in 2026; potential distribution growth if coverage exceeds 1.7x.

USA Compression Partners, LP Common Units (USAC) Q4 2025 Earnings Call Transcript

- **Record Q3 Financials**: $250M revenue, $160M EBITDA, 3.9x leverage ratio.
- **2026 Growth Plan**: 60+ week order lead times, $10M annual interest savings.
- **Pricing Stability**: 94% utilization, consistent $/hp rates into 2026.
- **Cost Efficiency**: $5M SG&A savings, IT-driven procurement improvements.

**【Management Opening】**
- Q3 2025 revenue of $250 million, adjusted EBITDA of $160 million, and DCF of $104 million.
- Leverage ratio improved to 3.9x, with DCF coverage of 1.6x.
- 2025 EBITDA and DCF guidance raised to reflect year-to-date performance and cost management.

**【CEO Commentary】**
- Q3 active horsepower utilization reached 94%, with 40,000 new units deployed in Northeast and Central regions.
- 2026 capital budget to exceed 2025 levels, driven by 60+ week lead times for large orders.
- Shared services model delivering $5 million annualized SG&A savings, with IT and procurement cost improvements.
- 2026 ERP implementation to enhance data integrity and profitability.

**【CFO Financial Commentary】**
- Q3 net income $34.5 million, operating income $83.9 million.
- Gross margin 69.3% (one-time tax refund and healthcare cost savings).
- 2025 EBITDA guidance updated to $610-620 million, DCF $370-380 million.
- $10 million annualized interest savings from ABL refinancing and debt swap.

**【Q&A Highlights】**
- Dry gas basin expansion via equipment redeployment or new units, with pricing stability into 2026.
- Spot pricing trends consistent with fleet average, supported by 94% utilization.
- 2026 capital allocation focused on high-margin projects, with pipeline demand driving in-basin facilities.

USA Compression Partners, LP Common Units (USAC) Q3 2025 Earnings Call Transcript

- **Record Q2 Performance**: $21.31 avg revenue/horsepower (5% YoY), 94.4% utilization, and 5% Q4 Northeast horsepower growth. 
- **Tech-Driven Growth**: $265B+ annual tech capex for AI/cloud fueling natural gas demand. 
- **Financial Resilience**: $28.6M net income, 4.08x leverage, and ABL refinancing to reduce costs. 
- **Key Risks**: 20-30% YoY equipment cost increases, month-to-month contract exposure in Northeast. 
- **2026 Outlook**: 6% Permian gas growth, $200B utility capex, and demand shift to longer-term contracts.

**【CEO Opening Remarks】**
- Q2 2025 marked a record quarter with **$21.31 average revenue per horsepower (1% QoQ, 5% YoY)** and flat average active horsepower at 3.55 million. 
- Northeast contracted horsepower expected to grow **5% by Q4 2025**, driven by tech infrastructure demand (e.g., $265B+ annual tech capex for AI/cloud). 
- 2025 capital expenditures include **48,000 new horsepower** (10,000 to come online in Q1 2026), with 94.4% utilization maintained. 
- Shared services with Energy Transfer yielding early savings in IT licensing and procurement, though full impact TBD. 

**【CFO Financial Commentary】**
- Q2 net income: **$28.6M**; adjusted EBITDA: **$153.3M** (vs. guidance of $590-610M annualized). 
- 2025 guidance maintained: 
  - Adjusted EBITDA: **$590-610M** 
  - Distributable cash flow: **$350-370M** 
  - Expansion capex: **$120-140M** 
  - Leverage ratio: **4.08x (target ≤4.0x)**. 
- ABL refinancing efforts underway, with potential to reduce borrowing costs. 

**【Q&A Highlights】**
1. **Gross Margin Trends**: 
   - Q2 gross margin: **65.4%** (flat vs. prior quarter). 
   - Expect labor cost reductions in H2 as internal hires replace overtime. 
   - Lube oil savings from new vendor agreement. 
2. **Contract Mix**: 
   - **25-30% of Northeast business** month-to-month, but Q3+ seeing higher-term contracts ($/hp up). 
   - 10 largest customers (45% of revenue) expected to grow production in 2026. 
3. **Capital Allocation**: 
   - Distribution coverage: **1.4-1.5x** (sacrosanct). 
   - Refinancing 2027 notes and ABL to reduce interest costs. 
4. **Equipment Costs**: 
   - New horsepower pricing **up 20-30% YoY**, but still achievable with current pricing. 
   - Electric motor drive demand soft, natural gas engines remain preferred. 
5. **Demand Outlook**: 
   - Dry gas basins (Permian, Northeast) seeing RFQs pick up. 
   - 2026 EIA projects 6% annualized gas growth in Permian. 
   - Tech firms driving $200B+ annual utility capex for natural gas power generation.

USA Compression Partners, LP Common Units (USAC) Q2 2025 Earnings Call Transcript

- **Record Q1 Performance**: Revenue and margin records driven by 40,000 new horsepower orders. 
- **Stable Margins**: 67% adjusted operating margin maintained amid commodity volatility. 
- **2026 Growth Pipeline**: Strong RFP activity despite macro uncertainty. 
- **Debt Management**: Patient refinancing strategy to minimize costs. 
- **Fleet Efficiency**: Back-end loaded capex supports 2025 guidance midpoint. 


**【CEO Opening Remarks】**
- Q1 2025 revenue and adjusted gross margin reached record levels, driven by new and re-contracted rates in a tight market. 
- Ordered 40,000 new horsepower in Q1, with most deliveries expected by year-end. 
- Northeast fleet utilization remains near full capacity, supporting strong revenue per horsepower. 
- Maintaining adjusted operating margin of ~67% despite commodity price volatility. 
- Completed idle-to-active initiative, optimizing fleet efficiency. 

**【CFO Financial Highlights】**
- Q1 2025 net income: $20.5M; operating income: $69.4M; cash flow from operations: $54.7M. 
- Adjusted EBITDA guidance: $590M-$610M (unchanged). 
- Distributable cash flow: $350M-$370M; expansion capex: $120M-$140M. 
- Leverage ratio: 4.08x, stable through 2025 with back-end loaded growth. 
- ABL refinancing expected in H2 2025 despite higher high-yield market rates. 

**【Q&A Key Takeaways】**
- **Growth Outlook**: 2026 RFPs indicate strong customer interest, despite macro uncertainty. 
- **Tariff Impact**: Minimal impact on current inventory; 2025 capex costs locked in. 
- **Market Dynamics**: Consolidated Permian/Eastern operators reaffirm capex, supporting compression demand. 
- **Debt Strategy**: Patient with high-yield market; ABL refinancing to reduce costs. 
- **Fleet Optimization**: Modest asset sales to improve portfolio efficiency. 


USA Compression Partners (USAC)-6 May 25-2025 Q1 Earnings call transcript

- **Record Q4 Performance**: 68% gross margin, $584M EBITDA, and 94.6% utilization highlight operational excellence.
- **2025 Growth with Discipline**: $120-140M capex focused on Permian, targeting 1.5% active horsepower growth. Leverage maintained below 4.0x.
- **$5M+ Cost Savings**: Shared services with Energy Transfer drive efficiency, with full implementation in 2026.
- **Gas Demand Surge**: 15% U.S. gas demand growth over 5 years, supported by LNG exports and Permian infrastructure build-out.
- **Electric Compression R&D**: Exploring dual-drive units, but natural gas engines remain 90% of fleet.


**【CEO Key Highlights】**
- **Record Financial Performance**: Q4 2024 marked all-time highs in revenue, adjusted gross margin (68%), EBITDA ($584.3M), and distributable cash flow ($355.3M). Full-year active horsepower utilization reached 94.6%, a company record.
- **2025 Growth Strategy**: Expansion capital of $120-140M will focus on Permian Basin new units, with 1.5% active horsepower growth. Back-end loaded spending aims to deliver 2026 cash flow upside.
- **Operational Efficiency**: $5M+ annual savings from shared services with Energy Transfer, reducing leverage to 4.02x. Headquarters relocation to Dallas drives cost synergies.
- **Market Outlook**: U.S. natural gas demand set to grow 15% over 5 years, supported by LNG exports and Permian production. Electric compression R&D continues, but natural gas engines remain dominant.

**【CFO Financial Breakdown】**
- **Q4 2024 Results**: Net income $25.4M, operating income $74.5M, cash flow $130.2M. 2024 distributable cash flow coverage improved to 1.3x.
- **2025 Guidance**: Adjusted EBITDA $590-610M, distributable cash flow $350-370M. Expansion capex weighted to Q4, with 40% allocated to idle-to-active conversions.
- **Leverage Management**: Targeting <4.0x leverage by year-end, with focus on disciplined capex and contract payback periods within term.

**【Q&A Key Takeaways】**
- **CapEx Discipline**: 2025 capex down 30% vs. 2024 to maintain leverage below 4.0x, despite bullish gas demand outlook.
- **Pricing Power**: Sequential revenue growth 2% (QoQ) driven by $20.85/horsepower pricing, up 9% YoY. CPI-linked escalators support 2025 margin stability.
- **Steel Tariffs**: Potential headwinds for compression manufacturing, but U.S.-made components mitigate risk. Monitor trade policy developments.
- **Distribution Growth**: DCF coverage at 1.3x provides runway for future distribution hikes, contingent on leverage and cash flow trends.


USA Compression Partners (USAC)-11 Feb 25-2024 Q4 Earnings call transcript

USA Compression Partners (USAC)-5 Nov 24-2024 Q3 Earnings call transcript

USA Compression Partners (USAC)-6 Aug 24-2024 Q2 Earnings call transcript

USA Compression Partners (USAC)-7 May 24-2024 Q1 Earnings call transcript

USA Compression Partners (USAC)-13 Feb 24-2023 Q4 Earnings call transcript

USA Compression Partners (USAC)-31 Oct 23-2023 Q3 Earnings call transcript

USA Compression Partners (USAC)-1 Aug 23-2023 Q2 Earnings call transcript

USA Compression Partners (USAC)-2 May 23-2023 Q1 Earnings call transcript

USA Compression Partners (USAC)-14 Feb 23-2022 Q4 Earnings call transcript

USA Compression Partners (USAC)-1 Nov 22-2022 Q3 Earnings call transcript

USA Compression Partners (USAC)-2 Aug 22-2022 Q2 Earnings call transcript

USA Compression Partners (USAC)-3 May 22-2022 Q1 Earnings call transcript

USA Compression Partners (USAC)-15 Feb 22-2021 Q4 Earnings call transcript

USA Compression Partners (USAC)-2 Nov 21-2021 Q3 Earnings call transcript

USA Compression Partners (USAC)-3 Aug 21-2021 Q2 Earnings call transcript

USA Compression Partners (USAC)-4 May 21-2021 Q1 Earnings call transcript

USA Compression Partners (USAC)-16 Feb 21-2020 Q4 Earnings call transcript

USA Compression Partners (USAC)-3 Nov 20-2020 Q3 Earnings call transcript

USA Compression Partners (USAC)-4 Aug 20-2020 Q2 Earnings call transcript

USA Compression Partners (USAC)-5 May 20-2020 Q1 Earnings call transcript

USA Compression Partners (USAC)-18 Feb 20-2019 Q4 Earnings call transcript

USA Compression Partners (USAC)-5 Nov 19-2019 Q3 Earnings call transcript

USA Compression Partners (USAC)-6 Aug 19-2019 Q2 Earnings call transcript

USA Compression Partners (USAC)-7 May 19-2019 Q1 Earnings call transcript

USA Compression Partners (USAC)-19 Feb 19-2018 Q4 Earnings call transcript

USA Compression Partners (USAC)-6 Nov 18-2018 Q3 Earnings call transcript

USA Compression Partners (USAC)-7 Aug 18-2018 Q2 Earnings call transcript

USA Compression Partners (USAC)-9 May 18-2018 Q1 Earnings call transcript

USA Compression Partners (USAC)-12 Feb 18-2017 Q4 Earnings call transcript

USA Compression Partners (USAC)-7 Nov 17-2017 Q3 Earnings call transcript

Actual											-6.36	-0.1	-0.06	-0.14	-0.12	-0.1	-0.08	-0.09	-0.09	-0.03	-0.03	-0.04	-0.01	0.11	0.09	0.02	0.19	0.23	0.13	0.18	0.14	0.22	0.26	0.22
Forecast											-0.0166	-0.0426	-0.0604	-0.099	-0.1124	-0.0964	-0.0556	-0.1	-0.0769	-0.0555	-0.0555	0.0245	0.0221	0.0508	0.0821	0.1015	0.1318	0.1846	0.2059	0.2531	0.2259	0.2118	0.2343	0.2757
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-38213.25%	-134.74%	+0.66%	-41.41%	-6.76%	-3.73%	-43.88%	+10.00%	-17.04%	+45.95%	+45.95%	-263.27%	-145.25%	+116.54%	+9.62%	-80.30%	+44.16%	+24.59%	-36.86%	-28.88%	-38.03%	+3.87%	+10.97%	-20.20%

USAC

USAC fundamentals

USAC Q4 2025 Earnings

Earnings Call

You can ask Aime

USAC

USAC fundamentals

USAC Q4 2025 Earnings

Earnings Call

USAC Earnings Call Summary for Q4/202511:00 AM on Feb 17, 2026

USAC Earnings Call Summary for Q3/202511:00 AM on Nov 5, 2025

USAC Earnings Call Summary for Q2/202511:00 AM on Aug 6, 2025

USAC Earnings Call Summary for Q1/20259:00 AM on May 6, 2025

USAC Earnings Call Summary for Q4/202411:00 AM on Feb 11, 2025

You can ask Aime