11 slides from Usa Compression Partners, Lp's earnings presentation, Feb 17, 2026
Slide 1: Earnings Presentation Fourth Quarter 2025
Earnings Presentation Fourth Quarter 2025
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: Fourth-Quarter 2025 Highlights
Fourth-Quarter 2025 Highlights Operational and Financial Results Highlights Record Record • Announced acquisition of J-W Power, average revenue- $ per revenue- growing pro forma active HP to 4.4MM generating HP generating HP • Continued strong business execution 3.58 MM $21.69 with total utilization
Slide 4: USAC is Well Positioned to Benefit from Natural Gas Demand Growth
USAC is Well Positioned to Benefit from Natural Gas Demand Growth 3 128 Projected U.S. Gas Demand (bcf/d) 14 A marked increase in U.S. natural gas demand is projected primarily from increased LNG exports 111 and the electrification of everything (“EoE”) Northeast Market Leader USAC’s leading market
Slide 5: Operational and Financial Performance
Operational and Financial Performance Average Revenue-generating HP (000s) Adjusted EBITDA ($MM)1 $770 - 3,528 3,559 $800 3,329 $614 $584 3,067 $512 $426 2 2022 2023 2024 2025 2022 2023 2024 2025 2026 Guidance Total Capex ($MM) DCF ($MM)1 $230 - $275 $250 $243 $480 - $355 $386 $145 $117 $510 $281 $2
Slide 6: History of Strong and Consistent Returns to Unitholders
History of Strong and Consistent Returns to Unitholders 100% 90% USAC has produced strong returns over the 80% past three years on a total equity return 70% basis1, in line with benchmarks 60% 50% 58% 54% 55% 40% 30% 20% 10% 0% USAC Alerian MLP ETF (AMLP) S&P 500 Value 9% 8% 7% USAC’s durable distri
Slide 7: Appendix
Appendix 7
Slide 8: Capital Structure
Capital Structure • Extended majority of near-term debt maturities in Q3 2025 at lower rates • Redeemed 2027 senior notes in October 2025 • All $500MM Series A Preferred Units have been converted into Common Units as of December 31, 2025 • Utilized ABL capacity to fund the J-W acquisition, preservin
Slide 9: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted gross margin and Adjusted EBITDA Distributable Cash Flow and Distributable Cash Flow Coverage 2025 2024 2025 2024 $ in thousands Q4 Q3 Q2 Q1 Q4 $ in thousands Q4 Q3 Q2 Q1 Q4 Total revenues $ 252,485 $ 250,255 $ 250,125 $ 245,234 $ 245,892 Net income $ 27,761 $ 34,48
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 2022 $ in thousands 2025 2024 2023 2022 Net income (loss) $ 111,319 $ 99,575 $ 68,268 $ 30,318 Net income (loss) $ 111,319 $ 99,575 $
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