USAC USA Compression Partners (USAC) Q2 FY26 earnings call
USA Compression Partners reported strong Q2 FY26 results, driven by the J-W acquisition and robust demand for natural gas compression. The company is making deliberate investments in fleet expansion, integration of J-W, and advanced telemetry, positioning itself for sustained growth. Management highlighted unprecedented long-term customer commitments, reflecting confidence in future natural gas demand and the company's ability to deliver.
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USAC operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.