USA Compression Partners LP (NYSE:USAC) on Tuesday posted fourth-quarter 2025 results that came in below analyst forecasts on the bottom line, even as the partnership delivered the highest quarterly revenue in its history.
Shares of the natural gas compression services provider gained 1.50% in pre-market trading following the announcement.
Net income for the quarter totaled $27.8 million, or $0.22 per common unit, falling short of the $0.28 per unit expected by analysts.
Revenue climbed to a record $252.5 million, narrowly missing the $253.43 million consensus estimate but rising 2.7% from $245.9 million in the same period a year earlier.
“I want to congratulate our entire team on an exceptional year of value creation in 2025,” said Clint Green, President and CEO. “Our operations and commercial teams continued to deliver for customers day in and day out, while our back-office teams successfully navigated the transition to a shared-services model.”
Adjusted EBITDA for the fourth quarter edged down to $154.5 million from $155.5 million in the prior-year period.
Distributable Cash Flow rose to $103.2 million, up from $96.3 million in the fourth quarter of 2024. However, the Distributable Cash Flow Coverage ratio declined to 1.36x from 1.56x a year earlier.
The partnership held its quarterly cash distribution steady at $0.525 per common unit, unchanged from the previous year.
For full-year 2026, USA Compression forecast Adjusted EBITDA in the range of $770 million to $800 million and Distributable Cash Flow between $480 million and $510 million.
Expansion capital spending is expected to total $230–250 million, with maintenance capital expenditures projected at $60–70 million.
Operationally, average revenue-generating horsepower increased to 3.58 million during the quarter, compared with 3.56 million a year earlier. Average monthly revenue per revenue-generating horsepower improved to $21.69 from $20.85 in the fourth quarter of 2024.