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2Q 2025 Earnings Presentation – USA Compression Partners Lp

USA Compression Partners Lp · Aug 6, 2025 · 12 slides

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Slides

  1. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 1
    Earnings Presentation Second Quarter 2025
  2. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 2
    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…
  3. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 3
    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…
  4. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 4
    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)…
  5. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 5
    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…
  6. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 6
    Appendix 7
  7. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 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…
  8. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 8
    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…
  9. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 9
    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…
  10. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 10
    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…
  11. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 11
    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…
  12. 2Q 2025 Earnings Presentation – USA Compression Partners Lp – slide 12
    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…

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