Filing Flows › USA Compression Partners, LP (USAC) › Q1 2025
USA Compression Partners, LP (USAC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
USA Compression Partners, LP (USAC) reported revenue of $245M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -0.3% from the quarter before. Operating margin was 28.3%, net earnings $20.5M (8.4% of revenue).
USA Compression Partners, LP, Q1 2025: revenue $245M (+7% year over year), operating margin 28.3%, net earnings $20.5M, operating cash flow $54.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $245M | -0.3% | +7% |
| Operating profit | $69.4M | -7% | +4% |
| Net earnings | $20.5M | -19% | -13% |
| Operating cash flow | $54.7M | -58% | -17% |
| Free cash flow | $36.3M | -64% | — |
What changed
Revenue was $245.2M in Q1 2025, up 7% year over year and roughly flat from the previous quarter. Contract operations revenue was the largest line at 98% of revenue. Contract operations revenue added $15.9M year over year (up 7%), 100% of the total change.
Operating profit was $69.4M, a 28.3% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, below the 29% margin then. Total costs grew 8% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $20.5M, down 13% year over year. The effective tax rate was 7.0%.
Operating cash flow was $54.7M (down 17% year over year), 266% of net earnings. Non-cash charges added back $70.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $39.6M. Capital expenditures of $18.4M left free cash flow of $36.3M.
Questions
What was USA Compression Partners, LP's revenue in the first quarter 2025?
USA Compression Partners, LP (USAC) reported revenue of $245M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -0.3% from the quarter before.
Was USA Compression Partners, LP profitable in the first quarter 2025?
Operating profit was $69.4M (28.3% of revenue) and net earnings $20.5M.