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Dec 31, 2024
USA Compression Q4 2024 Earnings Report
Key Takeaways
USA Compression Partners reported record Q4 2024 revenues of $245.9 million, driven by improved operational efficiencies and strong demand for compression services. Net income more than doubled compared to Q4 2023, reaching $25.4 million. Adjusted EBITDA also reached a record $155.5 million. The company maintained a high horsepower utilization rate of 94.5% and paid a cash distribution of $0.525 per common unit.
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 expects continued growth in 2025 with increased natural gas volumes and cost optimizations from Energy Transfer shared services. The company anticipates expansion capital expenditures between $120 million and $140 million.
Positive Outlook
- Expected favorable macro backdrop supporting growth in natural gas demand
- Projected expansion capital expenditures of $120M-$140M to support new contracted horsepower units
- Anticipated cost reductions from Energy Transfer shared services integration
- Continued strong demand for compression services, especially in Permian region
- Stable cash distribution policy maintained at $0.525 per unit
Challenges Ahead
- Potential impact of fluctuating oil and gas prices on demand
- High debt levels could limit flexibility for additional expansion
- Macroeconomic uncertainties may impact customer investment decisions
- Continued inflationary pressures on operational costs
- Risk of regulatory changes affecting the energy sector
Revenue & Expenses
Visualization of income flow from segment revenue to net income