USA Compression Partners (USAC) Investor presentation summary

Strong financial and operational performance

• Achieved 13% annualized Adjusted EBITDA growth since 2022, with 2026 guidance of $770–$800 million Adjusted EBITDA and 8.3% distribution yield over 50 consecutive quarters of stable or increased distributions.

• Delivered 184% total equity return over five years, outperforming industry benchmarks.

• Maintained resilient utilization rates above 94% since 2021, supported by fixed-fee, take-or-pay contracts with average tenors of 31 months.

• Consistent gross profit margins (66–68%) and industry-leading SG&A efficiency, with significant cost reductions in 2025.

• Return on invested capital nearly doubled from 6.5% in 2022 to 11.8% in 2025, driven by disciplined capital deployment.

Strategic growth and market positioning

• Expanded operational footprint to 4.4 million active horsepower across major U.S. basins, including the Permian, Northeast, Gulf Coast, Mid-Continent, and Rockies.

• J-W Power Company acquisition adds ~850,000 active HP and enhances commercial optionality, with $10–$20 million in expected cost synergies.

• Forecasted 20+ Bcf/d U.S. natural gas production growth by 2030, driving demand for compression services and an estimated 10MM+ incremental horsepower.

• Growth capital focused on high-quality customers and new unit investments, with $150 million budgeted for 2026.

Capital discipline and financial flexibility

• Leverage ratio improved from 4.76x in 2022 to 4.00x in 2025, with a near-term target of 3.75x post-acquisition.

• Maintained or upgraded debt ratings and refinanced ABL and senior notes to reduce borrowing costs and enhance flexibility.

• Over $500 million in remaining ABL capacity and $300 million accordion for incremental liquidity.

• Increased investment in preventative maintenance and telemetry to maximize uptime and asset health.