USA Compression Partners, LP Earnings Recaps
Q1 2026
May 6, 2026
Shares of USA Compression Partners, LP held roughly flat, rising just 0.2% following their Q1 2026 results, reflecting a steady but unspectacular performance amid ongoing integration efforts and market headwinds.
Key takeaways
- The JW acquisition closed mid-quarter, with 79 days of contributions included in Q1 results, which excludes the initial 11 days of the quarter.
- Over 90% of 2026 new horsepower capacity has been contracted, with year-over-year small horsepower utilization up nearly 10%.
- Significant manufacturing lead times persist, with certain engine lead times tripling to approximately 150 weeks, driving advanced long-term orders into 2028 and 2029.
- Integration efforts are ongoing with $10M–$20M annual run-rate synergies expected by year-end 2027.
- Management noted commodity price volatility and cost pressures on lubricants, though expect related cost impacts primarily in H2 2026.
Q3 2025
Nov 6, 2025
USA Compression Partners delivered a robust Q3 2025 performance with revenues surpassing $250 million and increased guidance for EBITDA and DCF, reflecting strong operational discipline and cost management.
Key takeaways
- Revenue reached $250 million with adjusted EBITDA exceeding $160 million and DCF approaching $104 million.
- Increased guidance for 2025 EBITDA revised to $610 million - $620 million and DCF to $370 million - $380 million, driven by effective cost management.
- Leverage ratio improved to 3.9x while maintaining a strong DCF coverage ratio of 1.6x.
- Successful refinancing of credit facilities is expected to yield over $10 million in annualized interest savings and enhanced liquidity.
- Anticipated growth in active horsepower by over 40,000 by end of 2025, supported by increased contracting and strong demand in key markets.