USA Compression ( (USAC) ) has released its Q1 earnings. Here is a breakdown of the information USA Compression presented to its investors.
USA Compression Partners, LP is a leading provider of natural gas compression services in the United States, focusing on midstream applications such as high-volume gathering systems, processing facilities, and transportation. The company recently released its first-quarter 2025 earnings report, showcasing a solid financial performance despite some challenges.
In the first quarter of 2025, USA Compression reported total revenues of $245.2 million, an increase from $229.3 million in the same period of 2024. However, net income decreased to $20.5 million from $23.6 million in the previous year. The company also reported an adjusted EBITDA of $149.5 million, up from $139.4 million in the first quarter of 2024, and distributable cash flow of $88.7 million, slightly higher than the previous year’s $86.6 million.
Operationally, USA Compression achieved a record average revenue per revenue-generating horsepower per month of $21.06, compared to $19.96 in the first quarter of 2024. The average revenue-generating horsepower increased to 3.56 million, while the average horsepower utilization slightly decreased to 94.4% from 94.8% in the previous year. The company also maintained its cash distribution of $0.525 per common unit, consistent with the prior year.
Looking ahead, USA Compression remains optimistic about its 2025 outlook, confirming its full-year guidance for adjusted EBITDA and distributable cash flow. The company plans to continue its focus on new horsepower unit additions and maintain capital discipline while delivering reliable services to its customers.