Record Financial Performance
USA Compression Partners delivered record revenues, adjusted gross margin, adjusted EBITDA, distributable cash flow, and average revenue per horsepower for the quarter and the full year 2024.
Operational Efficiency and Utilization
Achieved a record 94.6% average horsepower utilization for the full year. Focus on converting idle units to active status contributed to revenue-generating horsepower increase by approximately 200,000 year-over-year.
Leverage and Financial Health
Leverage ratio declined to a record low of 4.02 times, indicating a significant improvement in financial stability.
Future Growth and Market Position
Bullish outlook on crude oil and natural gas with anticipated growth of 15% in natural gas demand over the next five years. Plans for infrastructure build-out to support natural gas growth.
Cost Management and Savings
Organizational changes and shared service model expected to yield a minimum of $5 million in annualized savings by 2026.