Companies /Energy

USA Compression Partners LP

NYSE: USAC Oil & Gas Equipment & Services
$26.75
▼ $0.32 (−1.18%) today
Markets closed · 10:32pm ET

Q3 2025 Earnings

Reported Nov 5, 2025, 6:58am ET · SEC source
$0.26
Miss −1.85%
EPS · est. $0.26
$250.3M
Beat +0.01%
Revenue · est. $250.2M
+2.4%
Beating market
USAC vs S&P since report
6 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+2%+4%+6%Nov 5Nov 6report 6:58am ETearnings−0.5%+5.6%
0+2%+4%+6%Nov 5Nov 6earnings−0.5%+5.6%
USAC +5.6%S&P 500 −0.5%
0+3%+6%Nov 5Nov 6report 6:58am ETearnings−0.7%+5.6%
0+3%+6%Nov 5Nov 6earnings−0.7%+5.6%
USAC +5.6%NASDAQ −0.7%
0+4%+8%Nov 4Nov 13report 6:58am ETearnings+1.0%+5.7%
0+4%+8%Nov 4Nov 13earnings+1.0%+5.7%
USAC +5.7%S&P 500 +1.0%
−4%0+4%+8%Nov 4Nov 13report 6:58am ETearnings+0.2%+5.7%
−4%0+4%+8%Nov 4Nov 13earnings+0.2%+5.7%
USAC +5.7%NASDAQ +0.2%
+6.59%
Day of report
+2.94%
Next session
−1.32%
One week
+3.28%
30 days

S&P 500 over the same 30 days: +0.89%.

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-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

“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.”

USA Compression Partners CEO, on the earnings call

Forward Guidance & Outlook

USA Compression tightened and improved its full-year 2025 guidance: Adjusted EBITDA of $610 million to $620 million; Distributable Cash Flow of $370 million to $380 million; Expansion capital expenditures of $115 million to $125 million (including $21 million of non-compression related capital); and Maintenance capital expenditures of $38 million to $42 million.

USAC YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$70.0M$140.0M$210.0M$240.0M$250.3MRevenue$158.1M$102.1MGross Profit$75.7M$83.9MOperating Income$19.3M$34.5MNet Income
$0$70.0M$140.0M$210.0MRevenueGross ProfitOperating IncomeNet Income

USAC Revenue by Segment

Contract Operations$228.0M
Parts and Service$5.4M
Related Party$16.9M

Figures from SEC filings and company reports. Not investment advice.