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USA Compression Partners (USAC) Earnings Call Presentation
2025-06-17 12:44
Company Overview - USAC's fleet horsepower is approximately 385 million[16] - Approximately 76% of USAC's fleet horsepower is greater than 1,000 HP[16] - USAC's fleet utilization is approximately 95%[16] Financial Performance and Guidance - USAC's Adjusted EBITDA for 2024 is guided to be between $565 million and $585 million[16] - USAC's Distributable Cash Flow (DCF) for 2024 is guided to be between $345 million and $365 million[16] - USAC's Q2 2024 revenue was $235 million[66] - USAC's Q2 2024 Adjusted EBITDA was $144 million[66] - USAC's Q2 2024 DCF was $86 million, resulting in a DCF Coverage Ratio of 140x[66] Capital Structure and Debt - USAC opportunistically completed its $1 billion issuance of 7125% 5-year Unsecured Senior Notes on March 18, 2024[23] - $320 million of $500 million Series A Preferred Units have been converted into common units[23] - USAC monetized $700 million notional principal fixed interest rate 39725% swap on August 29, 2024 for $435K[23]