Usa Compression Partners, Lp · NYSE:USAC
Usa Compression Partners, Lp — Q1 2026 Earnings Presentation
11 slides from Usa Compression Partners, Lp's earnings presentation, May 5, 2026
Slide 1: Earnings Presentation First Quarter 2026
Earnings Presentation First Quarter 2026
Slide 2: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer Forward Looking Statements This presentation contains forward-looking statements related to the operations of the Partnership that are based on management’s current expectations, estimates, and projections about its operations. You can identify many of these
Slide 3: First-Quarter 2026 Highlights
First-Quarter 2026 Highlights Operational and Financial Results Highlights Record Record • Closed acquisition of J-W Power, growing average revenue- $ per revenue- active HP to 4.44MM generating HP generating HP • Continued strong business execution 4.44 MM $22.73 with total utilization at 92.0% and
Slide 4: Macro Outlook
Macro Outlook Forecasted Natural Gas Production Growth Compression Demand Drivers Bcf/d by Region by 20301 Rising Natural Gas Production Northeast: +5 to +7 BCF • 20+ Bcf/d growth expected by 2030, driven by LNG exports and power demand • Permian, Haynesville, Marcellus remain key growth basins High
Slide 5: Operational and Financial Performance
Operational and Financial Performance Average Revenue-generating HP (000s) Adjusted EBITDA ($MM)1 $770- $770- 4,438 $800 $800 $584 $614 3,528 3,559 $512 3,329 $189 2023 2024 2025 2026 YTD 2023 2024 2025 2026 YTD 2026 Guidance 2 Total Capex ($MM) DCF ($MM)1 $230- $275 $250 $480- $243 $480 - $510 $386
Slide 6: Equity Returns and Distribution Yield
Equity Returns and Distribution Yield • History of strong total equity returns with low 3 Year Total Equity Return1 volatility • Compelling Risk-Adjusted Performance: Competitive total returns achieved with significantly lower volatility vs broader market and peers 68% 74% • Contract-Backed Cash Flo
Slide 7: Appendix
Appendix 7
Slide 8: Leverage & Capital Structure
Leverage & Capital Structure Leverage Ratio Improved Debt to EBITDA Since 20231 • Leverage ratio has steadily improved from 4.1x in 2023 to 3.74x in 2026 • Favorable impact from the J-W acquisition supports near-term target of 3.75x 4.10x 4.02x 4.00x 3.74x 3.75x Enhanced Credit Profile 2023 2024 202
Slide 9: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted gross margin and Adjusted EBITDA Distributable Cash Flow and Distributable Cash Flow Coverage 2026 2025 2026 2025 $ in thousands Q1 Q4 Q3 Q2 Q1 $ in thousands Q1 Q4 Q3 Q2 Q1 Total revenues $ 331,275 $ 252,485 $ 250,255 $ 250,125 $ 245,234 Net income $ 38,342 $ 27,76
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted EBITDA Distributable Cash Flow and Distributable Cash Flow Coverage Years Ended December 31, Years Ended December 31, 2025 2024 2023 $ in thousands 2025 2024 2023 Net income (loss) $ 111,319 $ 99,575 $ 68,268 Net income (loss) $ 111,319 $ 99,575 $ 68,268 Non-cash in
Slide 11: Basis of Presentation; Explanation of Non-GAAP Financial Measures
Basis of Presentation; Explanation of Non-GAAP Financial Measures This presentation includes the non-U.S. generally accepted accounting principles (“non-GAAP”) financial measures, which may include Adjusted gross margin, Adjusted EBITDA, Distributable Cash Flow, and Distributable Cash Flow Coverage
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