Strong Financial Performance
Revenues exceeded $250 million, adjusted EBITDA over $160 million, and distributable cash flow (DCF) approached $104 million. Leverage ratio improved to 3.9x and DCF coverage ratio stood at 1.6x.
Increased Guidance for 2025
The company increased its 2025 EBITDA guidance to a range of $610 million to $620 million and DCF guidance to $370 million to $380 million.
Pricing Improvements
Pricing reached an all-time high, averaging $21.46 per horsepower, a 1% increase sequentially and a 4% increase from the previous year.
Operational Efficiency Gains
Achieved $5 million in shared services annualized savings, with improvements from centralized IT efforts and economies of scale.
Successful Refinancing
Refinanced ABL and 2027 senior notes, reducing borrowing costs and improving strategic flexibility, leading to over $10 million annualized interest savings.