USA Compression Partners (USAC) investor relations material

Strong financial and operational performance

• Achieved record average active horsepower (HP) of 4.45MM in Q2 2026, up 25% year-over-year, with utilization at 92% and large HP at 94%.

• Delivered record revenues of $342.1MM in Q2 2026, a 37% increase year-over-year, and record adjusted EBITDA of $193.2MM, up 29% year-over-year.

• Maintained a consistent 8.0% distribution yield with over 50 consecutive quarters of stable or increased distributions.

• Total equity return reached 162% over five years, outperforming industry benchmarks.

• Distribution coverage ratio stood at 1.65x in Q2 2026, reflecting strong cash flow generation.

Growth strategy and market outlook

• Business model centers on fixed-fee, take-or-pay contracts with most terms spanning two to five years, ensuring predictable cash flows.

• Macro outlook forecasts over 20 Bcf/d natural gas production growth by 2030, driving compression demand, especially in the Permian, Haynesville, and Marcellus basins.

• Estimated need for 10MM+ incremental horsepower by 2030, positioning the company for continued fleet expansion.

• J-W Power acquisition added ~850k active HP at higher average rates, supporting 2% total HP growth in 2026.

• Advanced engine orders secure growth through 2029 amid long lead times.

Operational efficiency and cost management

• Adjusted gross profit margin remained strong, historically ranging from 66% to 68%, with 2026 YTD at 64% due to J-W assets; synergy capture expected to improve margins.

• SG&A expenses declined in 2025, benefiting from transition to shared services and disciplined controls, outperforming public peers in efficiency.

• Targeting $10MM to $20MM in cost synergies from the J-W acquisition through overlapping technologies, operational scale, and tax efficiencies.

• Investments in telemetry, technology, and AI in 2026 aim to drive long-term operational and back-office efficiencies.