Record Financial Metrics
Adjusted EPS increased by over 60% and adjusted EBITDA by more than 50% compared to Q1 2024. Fleet utilization remained at 96%.
Shareholder Returns and Financial Stability
Quarterly dividend per share increased by 15% year-over-year with dividend coverage of 3.9 times. A $50 million increase in share repurchase program was approved, with $65 million remaining capacity.
Strategic Acquisitions
Acquisition of NGCS closed on May 1, expected to increase scale and expand customer relationships. Integration of TOPS is progressing as planned.
Strong Market Demand
High levels of utilization and profitability in the compression market. Substantial contracted backlog for 2025 and bookings into 2026.
Capital Allocation and Growth Strategy
Growth capital plan includes $330 million to $370 million investment in fleets, underpinned by multiyear contracts with blue chip customers.