USAC USA Compression Partners (USAC) Q1 FY26 earnings call
USA Compression Partners delivered a strong quarter, successfully integrating the J-W Power acquisition and a new ERP system while achieving record pricing. The company is proactively addressing extended engine lead times by placing multi-year orders, positioning itself for continued horsepower growth. Management remains bullish on contract compression demand, driven by natural gas and LNG market expansion, and is focused on operational efficiencies and strategic capital allocation.
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USAC operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Total fleet horsepower | ~4.931MOur total fleet horsepower at the end of the quarter was approximately 4.931 million horsepower, adding approximately 1.037 million horsepower as compared to the prior quarter, largely tied to the J-W acquisition.Source: earnings call transcript | ~4.95MOur total fleet horsepower at the end of the quarter was approximately 4.95 million horsepower.Source: earnings call transcript | — |
| Average utilization | 91.9%Our average utilization for the first quarter was 91.9%, a decrease compared to the prior quarter after incorporating J-W First quarter 2026 expansion capital expenditures were $26.4 million and our maintenance capital expenditures were $9.2 million.Source: earnings call transcript | 92%Our average utilization for the second quarter was 92% and continues to reflect the blended impact of incorporating J-W's fleet.Source: earnings call transcript | +0.1 pt |
| Capital expenditures Expansion | $26.4MOur average utilization for the first quarter was 91.9%, a decrease compared to the prior quarter after incorporating J-W First quarter 2026 expansion capital expenditures were $26.4 million and our maintenance capital expenditures were $9.2 million.Source: earnings call transcript | $46.8MSecond quarter 2026 expansion capital expenditures were $46.8 million and our maintenance capital expenditures were $16.9 million.Source: earnings call transcript | +77.3% |
| Capital expenditures Maintenance | $9.2MOur average utilization for the first quarter was 91.9%, a decrease compared to the prior quarter after incorporating J-W First quarter 2026 expansion capital expenditures were $26.4 million and our maintenance capital expenditures were $9.2 million.Source: earnings call transcript | $16.9MSecond quarter 2026 expansion capital expenditures were $46.8 million and our maintenance capital expenditures were $16.9 million.Source: earnings call transcript | +83.7% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.