Second Quarter 2025 Highlights Operational and Financial Results Highlights Record Continued strong business execution Average revenue- per revenue- with total utilization at 94% and large generating HP generating HP horsepower at…
USAC is Well Positioned to Benefit from Natural Gas Demand Growth Projected U.S. Gas Demand (bcf/d) 9 127 15 A marked increase in U.S. natural gas demand is 103 projected primarily from increased LNG exports and the electrification…
Operational and Financial Performance Average Revenue-generating HP (000s) Adjusted EBITDA (MM)1 590 - 3,528 3,554 584 610 3,329 512 426 3,067 299 2022 2023 2024 1H 2025 2022 2023 2024 1H 2025 2025E 2 Total Capex (MM)…
History of Strong and Consistent Returns to Unitholders USAC has outperformed the S&P Value 87% Index and MLP peers over the past three 78% years on a total shareholder return basis1 70% USAC Alerian MLP ETF (AMLP) S&P 500…
Appendix 7
Preferred Unitholder Partial Conversions of Preferred Units As of June 30, 2025, EIG Veteran Equity Aggregator, L.P. and FS Specialty Lending Fund (collectively EIG) has converted 420,000 Series A Perpetual Preferred Units (the…
Illustrative Example of Potential Preferred Unit Conversions Three Months Ended June 30, 2025 3 As Reported Pro Forma 4 ( in thousands) 84% Converted 100% Assumption The potential conversion of Distributable Cash Flow (DCF) 1…
Capital Structure 100MM Series A Preferred Units were converted into Common Units in June 2025 420MM of 500MM Series A Preferred Units have been converted into Common Units in total Moodys upgraded corporate and unsecured debt rating…
Non-GAAP Reconciliations Adjusted gross margin and Adjusted EBITDA Distributable Cash Flow and Distributable Cash Flow Coverage 2025 2024 2025 2024 in thousands Q2 Q1 Q2 in thousands Q2 Q1 Q2 Total revenues 250,125 245,234 235,313 Net…
Non-GAAP Reconciliations Adjusted EBITDA Distributable Cash Flow and Distributable Cash Flow Coverage Years Ended December 31, Years Ended December 31, 2024 2023 2022 in thousands 2024 2023 2022 Net income 99,575 68,268 30,318 Net…
Non-GAAP Reconciliation for Illustrative Preferred Unit Example Three Months Ended June 30, 2025 2 As Reported Pro Forma 3 in thousands 84% Converted 100% Assumption Net income 28,559 28,559 Non-cash interest expense 2,231 2,231…