USA Compression Partners

USAC Q2 2025 Earnings

Reported Aug 6, 2025 at 7:01 AM ET · SEC Source

Q2 25 EPS

$0.22

MISS 7.06%

Est. $0.24

Q2 25 Revenue

$250.1M

BEAT +1.27%

Est. $247.0M

vs S&P Since Q2 25

-7.9%

TRAILING MARKET

USAC +8.0% vs S&P +15.9%

Market Reaction

Did USAC Beat Earnings? Q2 2025 Results

USA Compression Partners posted a mixed second quarter for 2025, beating on revenue while falling short on earnings per unit. The partnership reported revenue of $250.13 million, up 6.3% year-over-year and modestly ahead of the $246.99 million consen… Read more USA Compression Partners posted a mixed second quarter for 2025, beating on revenue while falling short on earnings per unit. The partnership reported revenue of $250.13 million, up 6.3% year-over-year and modestly ahead of the $246.99 million consensus estimate, yet its $0.22 EPS missed the $0.24 analyst forecast by 7.06%. The shortfall on the bottom line came despite record top-line results, as higher depreciation and amortization expenses of $70.84 million, a $3.24 million asset impairment charge, and the absence of a $3.13 million derivative gain that benefited the year-ago quarter all weighed on GAAP net income. Adjusted EBITDA climbed to $149.48 million, supported by record average revenue per horsepower of $21.31 per month, reflecting continued pricing strength across oil and gas producing basins. Looking ahead, management reaffirmed full-year 2025 guidance calling for Adjusted EBITDA of $590 million to $610 million and Distributable Cash Flow of $350 million to $370 million, with 39,800 large horsepower units on order for delivery within the next 12 months.

Key Takeaways

  • Record average revenue per revenue-generating horsepower per month of $21.31, up 5% year-over-year
  • Strong demand for compression services across both oil and gas producing basins
  • Average revenue-generating horsepower increased to 3.55 million from 3.52 million year-over-year
  • Average horsepower utilization of 94.4%
24/7 Wall St

USAC YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

USAC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“USA Compression's second-quarter financial and operational results reflected another record-setting quarter for revenues and average revenue per-horsepower of $21.31, up 5% from a year ago. We continue to see strong demand for our services across both oil and gas producing basins which drove year-over-year increases in revenues, Adjusted EBITDA, and Distributable Cash Flow.”

— Clint Green, Q2 2025 Earnings Press Release