Record Revenue per Horsepower
The company reported a record average revenue per horsepower per month, highlighting strong revenue, adjusted gross margin, and average horsepower utilization.
Strong Adjusted Gross Margins
Adjusted gross margins were nearly 67%, consistent with the company's expectations and demonstrating strong operational efficiency.
Expansion and Maintenance Capital Expenditures
First quarter 2025 expansion capital expenditures were $22.2 million and maintenance capital expenditures were $10.9 million, focusing on reconfigurations and new horsepower.
Promotion of Chris Wauson
Chris Wauson was promoted to Chief Operating Officer, acknowledged for his leadership and 26 years of industry experience.
Strong Data Center Market
Major companies like Amazon, Microsoft, and NVIDIA reaffirmed the strong demand in the data center market, supporting USA Compression's operations.
High Utilization Rate
The company maintained a high average utilization rate of 94.4%, consistent with the prior quarter.