USA Compression Q1 2025 Earnings Report
Key Takeaways
USA Compression Partners reported a solid first quarter for 2025, with total revenues increasing to $245.2 million compared to the same period last year. The company saw increases in Adjusted EBITDA and Distributable Cash Flow, driven by a record average revenue per revenue-generating horsepower per month.
Total revenues increased to $245.2 million in Q1 2025 from $229.3 million in Q1 2024.
Adjusted EBITDA grew to $149.5 million in Q1 2025 from $139.4 million in Q1 2024.
Distributable Cash Flow increased to $88.7 million in Q1 2025 from $86.6 million in Q1 2024.
Average revenue per revenue-generating horsepower per month reached a record $21.06 in Q1 2025, up from $19.96 in Q1 2024.
USA Compression
USA Compression
USA Compression Revenue by Segment
Forward Guidance
USA Compression is confirming its full-year 2025 guidance with projected Adjusted EBITDA between $590 million and $610 million and Distributable Cash Flow between $350 million and $370 million. Expansion capital expenditures are expected to be between $120 million and $140 million, and maintenance capital expenditures between $38 million and $42 million.
Positive Outlook
- Confirmation of full-year 2025 guidance.
- Projected Adjusted EBITDA between $590 million and $610 million.
- Projected Distributable Cash Flow between $350 million and $370 million.
- Expansion capital expenditures planned to add new horsepower units.
- Expect to begin placing ordered horsepower units in service in the second half of 2025.
Challenges Ahead
- Inability to reconcile projected Non-GAAP measures to GAAP measures due to estimation difficulties.
- Expansion capital expenditures include approximately $21 million for business support.
- Future results could be affected by changes in economic conditions.
- Future results could be affected by competitive conditions.
- Future results could be affected by the availability and cost of capital.