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Jun 30
USA Compression Q2 2025 Earnings Report
USA Compression Partners reported strong second-quarter 2025 results, achieving record revenues and increased Adjusted EBITDA and Distributable Cash Flow.
Key Takeaways
USA Compression Partners delivered a record-setting second quarter in 2025, driven by robust demand for its compression services. The company achieved record total revenues of $250.1 million and a record average revenue per revenue-generating horsepower per month of $21.31. Adjusted EBITDA and Distributable Cash Flow also saw year-over-year increases, reflecting strong operational performance and demand across oil and gas producing basins.
Total revenues reached a record $250.1 million in Q2 2025, an increase from $235.3 million in Q2 2024.
Adjusted EBITDA grew to $149.5 million in Q2 2025, up from $143.7 million in the prior year's quarter.
Distributable Cash Flow increased to $89.9 million in Q2 2025, compared to $85.9 million in Q2 2024.
Average revenue per revenue-generating horsepower per month hit a record $21.31, a 5% increase year-over-year.
USA Compression
USA Compression
USA Compression Revenue by Segment
Revenue by Segment
Contract Operations Revenue
CapyFin.comParts and Service Revenue
CapyFin.comRelated Party Revenue
CapyFin.com Forward Guidance
USA Compression Partners confirmed its full-year 2025 guidance, projecting Adjusted EBITDA between $590 million and $610 million and Distributable Cash Flow between $350 million and $370 million. The company also provided capital expenditure guidance for expansion and maintenance.
Positive Outlook
- Confirmed full-year 2025 Adjusted EBITDA guidance of $590 million to $610 million.
- Confirmed full-year 2025 Distributable Cash Flow guidance of $350 million to $370 million.
- Anticipated expansion capital expenditures of $120 million to $140 million for 2025.
- Projected maintenance capital expenditures of $38 million to $42 million for 2025.
- 39,800 large horsepower on order for delivery within the next 12 months, indicating future growth.
Challenges Ahead
- Inability to reconcile projected non-GAAP measures (Adjusted EBITDA and Distributable Cash Flow) to GAAP measures due to estimation difficulties.
- Potential impacts from changes in economic conditions of the crude oil and natural gas industries.
- Risks from changes in general economic conditions, including inflation and supply chain disruptions.
- Competitive conditions in the industry, including competition for employees in a tight labor market.
- Unpredictable or unknown factors could have material adverse effects on forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income