USA Compression Partners

USAC Q3 2025 Earnings

Reported Nov 5, 2025 at 6:58 AM ET · SEC Source

Q3 25 EPS

$0.26

MISS 1.85%

Est. $0.26

Q3 25 Revenue

$250.3M

BEAT +0.01%

Est. $250.2M

vs S&P Since Q3 25

+1.6%

BEATING MARKET

USAC +9.8% vs S&P +8.2%

Market Reaction

Did USAC Beat Earnings? Q3 2025 Results

USA Compression Partners posted a record-laden third quarter for 2025, though its earnings per unit of $0.26 fell just shy of the $0.26 consensus estimate by 1.85%, even as revenue of $250.26 million edged past forecasts by 0.01% and grew 4.3% year-o… Read more USA Compression Partners posted a record-laden third quarter for 2025, though its earnings per unit of $0.26 fell just shy of the $0.26 consensus estimate by 1.85%, even as revenue of $250.26 million edged past forecasts by 0.01% and grew 4.3% year-over-year. The headline miss on earnings was more than offset by the breadth of operational records the partnership set during the period, with Adjusted EBITDA climbing to a record $160.26 million from $145.69 million a year earlier and net income nearly doubling to $34.49 million, driven by stronger contract operations revenue, lower operating costs, and reduced interest expense. Average revenue per revenue-generating horsepower reached a record $21.46 per month, reflecting sustained pricing power across a utilization rate of 94.0%. Management responded to the momentum by tightening its full-year 2025 outlook, now guiding for Adjusted EBITDA of $610 million to $620 million and Distributable Cash Flow of $370 million to $380 million, with a recent debt refinancing at 6.25% expected to further reduce interest costs going forward.

Key Takeaways

  • Record average revenue per revenue-generating horsepower per month of $21.46, up from $20.60 year-over-year
  • Meaningful savings across SG&A, key operating expense lines, and interest expense
  • High horsepower utilization at 94.0%
  • Continuous improvement mindset driving efficiency and disciplined execution
  • Cost of operations (exclusive of D&A) decreased to $76.95 million from $81.81 million year-over-year
24/7 Wall St

USAC YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

USAC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Third-quarter results reflect the continuous improvement mindset that drives our organization. In addition to sustained top-line momentum, we delivered meaningful savings across SG&A, key operating expense lines, and interest expense, demonstrating our focus on efficiency and disciplined execution.”

— Clint Green, Q3 2025 Earnings Press Release