NYSE$USAC

USA Compression Partners LP · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

USA Compression Partners reported record Q4 2024 revenues of $245.9 million, driven by improved operational efficiencies and strong demand for compression services. Net income more than doubled compared to Q4 2023, reaching $25.4 million. Adjusted EBITDA also reached a record $155.5 million. The company maintained a high horsepower utilization rate of 94.5% and paid a cash distribution of $0.525 per common unit.

Headline financials

Total Revenue

$246M

Previous: $225M+9.3%
EPS (adj)

$0.18

Previous: $0.02+800.0%
Avg Rev per Rev-Gen HP per Month

$20.85

No prior period
Adjusted EBITDA

$156M

Previous: $139M+12.2%
Distributable Cash Flow

$96.3M

Previous: $79.9M+20.5%
Distributable Cash Flow Coverage Ratio

1.56

No prior period
Avg Rev-Gen Horsepower

3.6M

No prior period
Horsepower Utilization

94.5%

Previous: 94.1%+0.4%
Adjusted Gross Margin

$168M

No prior period
Adjusted Gross Margin Percentage

68.4%

No prior period
Adjusted EBITDA Percentage

63.2%

No prior period
Net Income

$21.1M

Previous: $12.8M+63.9%
Operating Income

$79M

Previous: $68.5M+15.2%
Gross Profit

$99.3M

Previous: $89.4M+11.0%

Revenue & EPS history

USA Compression · Revenue · Quarterly

$246M

Q4 2024+9.3%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

USA Compression expects continued growth in 2025 with increased natural gas volumes and cost optimizations from Energy Transfer shared services. The company anticipates expansion capital expenditures between $120 million and $140 million.

Tailwinds

  • Expected favorable macro backdrop supporting growth in natural gas demand
  • Projected expansion capital expenditures of $120M-$140M to support new contracted horsepower units
  • Anticipated cost reductions from Energy Transfer shared services integration
  • Continued strong demand for compression services, especially in Permian region
  • Stable cash distribution policy maintained at $0.525 per unit

Headwinds

  • Potential impact of fluctuating oil and gas prices on demand
  • High debt levels could limit flexibility for additional expansion
  • Macroeconomic uncertainties may impact customer investment decisions
  • Continued inflationary pressures on operational costs
  • Risk of regulatory changes affecting the energy sector

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.6%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+1.6%

Avg return

30 days after

63%

34 / 54 earnings

Positive

+10.7%

Q1 2016

Best reaction

-12.4%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%+5.4%+6.2%
Q4 2025-2.2%+0.6%+7.3%
Q3 2025-1.0%+6.6%+9.9%
Q2 2025+2.0%+1.3%+0.3%
Q1 2025-4.7%-0.5%+5.7%
Q4 2024-3.4%-2.9%-13.0%
Q3 2024+6.5%+6.4%+7.1%
Q2 2024+3.5%+4.1%+5.5%
Q1 2024+4.0%+1.3%-1.4%
Q4 2023-4.8%+1.0%+14.1%
Q3 2023+2.5%+5.5%-3.4%
Q2 2023+0.2%-0.3%+6.6%
Q1 2023-6.1%-3.8%-9.9%
Q4 2022+0.6%-2.3%-4.5%
Q3 2022-1.7%+1.0%+1.6%
Q2 2022-0.5%+0.7%+0.0%
Q1 2022+4.9%+2.6%+9.5%
Q4 2021+4.3%+6.5%+9.0%
Q3 2021-1.1%-0.5%-7.1%
Q2 2021+0.5%+2.8%+0.5%
Q1 2021-2.4%+1.0%+2.4%
Q4 2020-4.1%-6.0%-1.3%
Q3 2020+0.1%-2.9%+16.3%
Q2 2020+2.6%+2.9%+0.3%
Q1 2020-1.8%+14.0%+71.2%
Q4 2019+2.8%+2.5%-66.9%
Q3 2019+2.7%+1.4%-7.9%
Q2 2019-4.6%-5.9%-4.8%
Q1 2019+1.3%+4.9%+4.4%
Q4 2018+3.7%+5.0%+6.4%
Q3 2018-3.5%-3.6%-4.0%
Q2 2018+3.9%+4.5%-1.3%
Q1 2018+2.1%+3.9%+1.7%
Q4 2017+5.4%+5.0%+1.5%
Q3 2017+2.6%+2.6%+2.1%
Q2 2017-3.6%-7.2%-3.8%
Q1 2017+5.4%+3.4%-1.8%
Q4 2016-0.8%-3.5%-9.1%
Q3 2016+0.4%+0.3%+0.4%
Q2 2016+5.5%+10.1%+16.1%
Q1 2016+10.7%
Q4 2015-12.4%
Q3 2015+0.1%
Q2 2015+4.4%
Q1 2015-0.8%
Q4 2014+3.1%
Q3 2014-8.1%
Q2 2014+2.6%
Q1 2014+1.8%
Q4 2013+1.5%
Q3 2013+2.1%
Q2 2013-0.3%
Q1 2013+1.0%
Q4 2012+1.3%
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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