Earnings summaries and quarterly performance for USA Compression Partners.
Research analysts who have asked questions during USA Compression Partners earnings calls.
DI
Doug Irwin
Citigroup Inc.
6 questions for USAC
Also covers: AROC, DKL, HESM +1 more
BD
Brian DiRubbio
Robert W. Baird & Co. Incorporated
4 questions for USAC
Also covers: CPS, KGS, TWI +1 more
JR
James Rollyson
Raymond James Financial, Inc.
4 questions for USAC
Also covers: AESI, AROC, HLX +8 more
Connor Jensen
Raymond James Financial, Inc.
3 questions for USAC
Also covers: HLX, KGS, NGS +3 more
GM
Gabriel Moreen
Mizuho Financial Group, Inc.
3 questions for USAC
Also covers: AROC, ATO, DKL +16 more
RM
Robert Mosca
Mizuho Securities Co., Ltd.
3 questions for USAC
Also covers: DTM, KGS, KNTK +4 more
EJ
Eli Jossen
JPMorgan Chase & Co.
2 questions for USAC
Also covers: AROC, ATGFF, EE +6 more
ES
Elvira Scotto
RBC Capital Markets
2 questions for USAC
Also covers: AROC, ET, GEL +5 more
Gabe Moreen
Mizuho Securities USA
2 questions for USAC
Also covers: DTM, ET, OGS +2 more
JT
Jeremy Tonet
JPMorgan Chase & Co.
2 questions for USAC
Also covers: AEE, AEP, AM +46 more
NP
Nate Pendleton
Texas Capital
2 questions for USAC
Also covers: AROC, BRY, CRC +8 more
JR
James Rollinson
Raymond James
1 question for USAC
Recent press releases and 8-K filings for USAC.
USA Compression Partners Reports Record 2025 Financial Results and Provides 2026 Guidance Following J-W Power Acquisition
USAC
Earnings
M&A
Guidance Update
- USA Compression Partners reported record full-year 2025 Adjusted EBITDA of $613.8 million and Distributable Cash Flow (DCF) of $385.7 million.
- For Q4 2025, the company achieved an average pricing of $21.69 per horsepower, a 1% sequential increase, and maintained high average utilization at 94.5%.
- Following the J-W Power acquisition, USA Compression Partners provided 2026 guidance, forecasting Adjusted EBITDA of $770 million-$800 million and DCF of $480 million-$510 million.
- The company anticipates $10 million-$20 million in annual run-rate synergies from the J-W acquisition by the end of 2027 and plans $230 million-$250 million in expansion capital for 2026, including 105,000 new horsepower.
- USA Compression Partners aims for a near-term leverage ratio of 3.75x debt to EBITDA and expects its normalized distribution coverage to be in the 1.6+ range for 2026.
Feb 17, 2026, 4:00 PM
USA Compression Partners Reports Record FY 2025 Results and Provides Strong 2026 Guidance Following J-W Power Acquisition
USAC
Earnings
Guidance Update
M&A
- USA Compression Partners reported record full-year 2025 Adjusted EBITDA of $613.8 million and Distributable Cash Flow of $385.7 million, with average utilization remaining high at 94.5%.
- The company completed the J-W Power acquisition on January 12, 2026, which is expected to generate $10 million-$20 million in annual run-rate synergies by the end of 2027 and significantly increase active horsepower in key basins.
- For full-year 2026, USA Compression Partners forecasts Adjusted EBITDA of $770 million-$800 million and Distributable Cash Flow of $480 million-$510 million, with expansion capital budgeted at $230 million-$250 million to add approximately 105,000 new horsepower.
- The company aims to improve its leverage ratio to 3.75x in the near term and expects distribution coverage to be 1.6x+ in 2026, following a normalized 1.55x in Q4 2025.
Feb 17, 2026, 4:00 PM
USA Compression Partners Reports Record 2025 Results and Strong 2026 Outlook Post J-W Acquisition
USAC
Earnings
M&A
Guidance Update
- USA Compression Partners achieved record full-year 2025 Adjusted EBITDA of $613.8 million and Distributable Cash Flow of $385.7 million, maintaining high average utilization in excess of 94% throughout the year and ending Q4 2025 at 94.5%.
- Following the J-W Power acquisition on January 12, 2026, the company forecasts 2026 Adjusted EBITDA of $770 million-$800 million and Distributable Cash Flow of $480 million-$510 million.
- The acquisition is expected to generate $10 million-$20 million in annual run-rate synergies by the end of 2027 and adds approximately 200,000 idle horsepower, with 50,000 horsepower readily deployable.
- The company's Q4 2025 leverage ratio was 4.0 times, with a near-term target of 3.75x, and a normalized distribution coverage of 1.55x for Q4 2025, projected to be in the 1.6+ range for 2026.
Feb 17, 2026, 4:00 PM
USA Compression Partners Reports Q4 2025 Results
USAC
Earnings
M&A
Debt Issuance
- USA Compression Partners reported record revenues of $252.5 million for Q4 2025, alongside a record average revenue-generating horsepower of 3.58 MM.
- Adjusted EBITDA for the quarter was $154.5 million.
- The company announced the acquisition of J-W Power, which is expected to grow pro forma active horsepower to 4.4MM, and converted all $500 million Series A Preferred Units into Common Units by December 31, 2025.
- Operational highlights include a total utilization rate of 94.7% and a large horsepower utilization of 97%.
- The company maintained a distribution coverage of 1.36x and a leverage ratio of 4.00x.
Feb 17, 2026, 4:00 PM
USA Compression Reports Record 2025 Results, Provides 2026 Guidance, and Details J-W Power Acquisition
USAC
Earnings
Guidance Update
M&A
- USA Compression reported record Q4 2025 revenue of $252.5 million and full-year 2025 revenue near $998.1 million, achieving all-time high distributable cash flow, though it missed Q4 GAAP EPS of $0.22 and revenue expectations.
- The company maintained its quarterly cash distribution at $0.525 per unit despite distributable cash flow coverage narrowing to 1.36x in Q4 2025.
- The J-W Power acquisition expanded active Permian horsepower to approximately 1.7 million and added a manufacturing business, contributing 200,000 idle horsepower.
- For 2026, management guided adjusted EBITDA of $770–$800 million and distributable cash flow of $480–$510 million, with $230–$250 million budgeted for expansion capital to add 105,000 new horsepower. The company also plans to prioritize deleveraging towards a 3.75x debt/EBITDA target.
Feb 17, 2026, 12:05 PM
USA Compression Partners Reports Q4 2025 Results and Provides 2026 Outlook
USAC
Earnings
Guidance Update
M&A
- USA Compression Partners reported record total revenues of $252.5 million for fourth-quarter 2025, an increase from $245.9 million in fourth-quarter 2024, with net income reaching $27.8 million.
- For the full year 2025, the company achieved record Adjusted EBITDA of $613.8 million and Distributable Cash Flow of $385.7 million.
- The Partnership announced a cash distribution of $0.525 per common unit for fourth-quarter 2025, consistent with fourth-quarter 2024.
- The J-W acquisition, closed in January 2026, added approximately 0.8 million in active horsepower.
- For full-year 2026, USA Compression Partners projects Adjusted EBITDA between $770.0 million and $800.0 million and Distributable Cash Flow between $480.0 million and $510.0 million.
Feb 17, 2026, 12:00 PM
USA Compression Partners Reports Q4 2025 Results and Provides 2026 Outlook
USAC
Earnings
Guidance Update
M&A
- USA Compression Partners reported record total revenues of $252.5 million for fourth-quarter 2025, an increase from $245.9 million in Q4 2024, with net income of $27.8 million and Distributable Cash Flow of $103.2 million for the same period.
- The Partnership achieved record Adjusted EBITDA and Distributable Cash Flow for the full year 2025.
- For full-year 2026, USA Compression Partners projects Adjusted EBITDA between $770 million and $800 million and Distributable Cash Flow between $480 million and $510 million.
- A cash distribution of $0.525 per common unit was paid for fourth-quarter 2025, consistent with the prior year.
Feb 17, 2026, 11:55 AM
USA Compression Partners Completes J-W Power Company Acquisition
USAC
M&A
New Projects/Investments
- USA Compression Partners, LP completed the acquisition of J-W Power Company on January 12, 2026.
- The total consideration for the transaction was approximately $860 million.
- The acquisition was funded by $430 million in cash from USA Compression's revolving credit facility and the issuance of approximately 18.2 million common units at an effective price of $23.50 per common unit.
- This transaction adds over 0.8 million active horsepower, bringing the combined fleet to approximately 4.4 million active horsepower, and is expected to deliver meaningful near-term accretion on a Distributable Cash Flow basis and improve pro forma debt metrics.
- As part of the acquisition, J-W Energy and J-W Power became wholly owned subsidiaries and guarantors under USA Compression's existing credit agreements and indentures.
Jan 14, 2026, 9:59 PM
USA Compression Partners Completes Acquisition of J-W Power Company
USAC
M&A
New Projects/Investments
- USA Compression Partners, LP (USAC) has completed its previously announced acquisition of J-W Power Company.
- The total consideration for the transaction was approximately $860 million.
- USAC funded $430 million of the purchase price in cash and issued approximately 18.2 million common units at an effective price of $23.50 per unit for the balance.
- The acquisition adds over 0.8 million active horsepower, increasing USA Compression's combined fleet to approximately 4.4 million active horsepower.
- This transaction is expected to deliver meaningful near-term accretion on a Distributable Cash Flow basis and improve pro forma debt metrics.
Jan 12, 2026, 9:31 PM
USA Compression Partners Announces Acquisition of J-W Power Company
USAC
M&A
New Projects/Investments
- USA Compression Partners (USAC) announced the acquisition of J-W Power Company, a largely privately-held provider of compression services.
- The transaction is valued at approximately 5.8 times 2026 estimated adjusted EBITDA and will be funded with $430 million in cash and approximately 18.3 million USAC common units.
- The acquisition is expected to increase USAC's active fleet to roughly 4.4 million horsepower on a pro forma basis, adding approximately 1.05 million total horsepower from J-W, with over 900,000 readily deployable.
- This acquisition is anticipated to be meaningfully accretive in 2026 on a DCF basis and move USAC below 4x leverage on a pro forma basis.
- The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions including regulatory approval.
Dec 1, 2025, 4:00 PM
Quarterly earnings call transcripts for USA Compression Partners.
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