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Usa Compression (USAC)
NYSE:USAC
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.14Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial performance in 2025 — record adjusted EBITDA and DCF, high utilization (>94%), all-time high pricing, and improved liquidity — while outlining an accretive strategic acquisition (JW Power) that expands scale, geographic reach, and manufacturing optionality. Key challenges were clearly acknowledged: prolonged equipment lead times (>120 weeks) and possible equipment price inflation, near-term margin dilution from the acquired assets, integration and one-time costs, significant idle horsepower to evaluate, and a material near-term increase in capex to support growth. Management provided explicit guidance and targets (pro forma 2026 adjusted EBITDA $770M–$800M; DCF $480M–$510M; $10M–$20M run-rate synergies by 2027) and reaffirmed steps to improve leverage and liquidity.Company Guidance
Record Financial Performance
Full-year adjusted EBITDA of $613,800,000 and distributable cash flow (DCF) of $385,700,000, both company records; Q4 net income of $27.8M, operating income of $76.6M, and net cash provided by operating activities of $139.5M. DCF finished above recently increased guidance.
Strong Utilization and Fleet Scale
Maintained average utilization in excess of 94% throughout 2025, ending the year at 94.5%. Average active horsepower ~3,579,000 and total fleet ~3,900,000 HP (added ~21,000 HP QoQ). 2026 budget includes ~105,000 new HP (~2% increase in active horsepower) with ~50% already contracted.
Pricing and Margin Strength
Q4 pricing reached an all-time high of $21.69 per horsepower (+1% sequential, +4% year-over-year). Fourth quarter adjusted gross margins were 66.8%, in line with historical trend.
Balance Sheet and Liquidity Improvements
Refinanced ABL and a senior note, materially reducing weighted average borrowing cost (borrowing costs improved by ~50 basis points versus prior structure). End-of-Q4 leverage was 4.0x with a near-term target of 3.75x. Available liquidity includes roughly $0.5B ABL capacity plus a $300M accordion.
Strategic JW Power Acquisition and Pro Forma Guidance
Closed JW Power acquisition (Jan 12), expanding geographic footprint and horsepower (Permian active HP increased to ~1,700,000). Pro forma 2026 guidance including JW: adjusted EBITDA $770M–$800M and DCF $480M–$510M. Management expects $10M–$20M of annual run-rate synergies by 2027.
Operational and Technology Investments
2026 expanded capital plan includes $230M–$250M expansion capex (includes just over 100,000 new HP) and $60M–$70M maintenance capex to support consistent preventative maintenance. Plan includes telemetry/panel upgrades and other investments (~$40M) to improve operational visibility and efficiency.
Favorable Gas Fundamentals
Natural gas prices averaged $3.52/MMBtu in 2025, a 56% increase year-over-year, and overall natural gas activity returned to growth (natural gas up ~9% YoY), supporting demand in major gas basins (Marcellus, Utica, Haynesville).
USAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
USAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $26.60 | $25.93 | -2.52% |
Oct 16, 2025 | $22.01 | $21.67 | -1.52% |
Jul 17, 2025 | $22.58 | $22.62 | +0.17% |
May 06, 2025 | $22.75 | $21.68 | -4.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Usa Compression (USAC) report earnings?
Usa Compression (USAC) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Usa Compression (USAC) earnings time?
Usa Compression (USAC) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is USAC EPS forecast?
USAC EPS forecast for the fiscal quarter 2026 (Q1) is 0.34.