USA pression Partners(USAC) - 2025 Q2 - Earnings Call Presentation

Financial Performance Highlights - Record revenues of $250.1 million, a 7% year-over-year increase[5] - Adjusted EBITDA of $149.5 million, a 4% year-over-year increase[5] - Average revenue generating horsepower at 3.55 million, a 1% year-over-year increase[5] - Average revenue generating HP at $21.31, a 5% year-over-year increase[5] Operational Highlights - High utilization rates with total utilization at 94% and large horsepower at 98%[7] - Ample distribution coverage of 1.40x[7] Strategic Positioning - USAC is well-positioned to benefit from projected increases in U S natural gas demand, driven by LNG exports and electrification of everything (EoE)[8, 10] - Approximately 3.3 million additional contract compression HP capacity is projected to be required to meet incremental U S natural gas demand[11] - Over 60% of USAC's active fleet is located within the Permian and along the Gulf Coast, regions expected to benefit most from increased exports[11] Capital Structure and Preferred Unit Conversion - 420,000 of the 500,000 Series A Preferred Units have been converted to Common Units as of August 1, 2025[2] - Illustrative example shows minimal impact on USAC's financial position from potential 100% conversion of Preferred Units[28]