USAC - Earnings call transcript Q2 2018 | USA Compression Partners, LP

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Operator

Good morning, and welcome to the USA Compression Partners LP Second Quarter 2018 Earnings Conference Call.

During today's call all parties will be in a listen-only mode. And following the call the conference will open for questions. This conference is being recorded today August 7, 2018. I would now like to turn the call over to Chris Porter, Vice President, General Counsel and Secretary. sir. ahead, go Please

Christopher Porter

and our for quarter financial XX, everyone, morning, ended us. we XXXX. released results thank morning, joining you This June Good for the

of as find of section August at will as earnings XX, can recording website in release The available You a Investor our our recording be this usacompression.com. Relations XXXX. call the well through

During measures. this call, our management will discuss certain non-GAAP

comparable release. reconciliations find these non-GAAP most definitions the earnings the and of GAAP will in You to measures measures

include will this represent as forward-looking These a USA Actual reminder, CEO included management's call As only morning's and call of may turn review on and call over conference projections time X, at in and now include Eric performance Please results Please speaks release expectations of and risk longer August in a our Long, statements. note and views of statements materially. be accurate our of statements the Compression. to beliefs. no the information to of our the today, this may I'll SEC our differ current that replay. provided President filings.

Eric Long

the extremely USA the our the results Chris. USA the market pleased X, are This our of for and we've CDM Throughout Good morning, businesses April acquisition combined organization, Liuzzi, have joining we horsepower Compression, combined are with results closed for We call the morning future XXXX. Also Compression. excited for Resource and the on operational are the progress large you, the compression, dynamics to attractive XXXX. two these with for second made been we is financial the prospects the and Notably with Matt thanks combined and for we today. released working integrate me Management quarterly reflecting Thank our everyone, CFO. quarter business. first

results, Before and acquisition some to integration. the color ongoing I and the provide like market on discuss I'd our more the

compression USA this compression fleets. very aware infrastructure like of brought CDM was together for acquisition primarily similar Compression. large horsepower two comprised just targeted you As are applications type

years, XX as quality strategies, last we and well service. on large horsepower on transaction presence geographic staying business consistent as relationships operations. the both while high field Compression's customer excellence all equipment, This new strategy. USA in customer we has similar customers, business followed Very broadened integrated to centered Over the our each horsepower early

comprised geographical organization covering our updated Compression legacy five the seven at USA of mix individuals. have groups legacy Leadership and We now operating operating of into field level regions. a is CDM

best talent worlds. We are both of taking the truly

through Once migrating the which back as CDM integration office consists USA we fully and the run of platforms. and We USA have working the Compression's but data skill, complete primarily built functions will are and of well fleet effort, is finance Compression currently the systems, customer integrating accounting financial this everything over as off operational be over year, expanded time. this later and the at

tracking ability to early in hanging low right forward. not lot a a and on driving expected. expense management we at on levels regions, the positive across adoption the leverage fruit, ranging working efficiently entire which business, You appreciate operating the USA's more in both the alone, We're having critical. previously a but it that manage compression reduced individual done well. systems Results collectively impact going level and efficiency assets stages go finding improvements, fleet integration CDM the reduction profitably and to expense what this continue levels of of from contract is effort of unit inventory fleet times XXXX the improve also time reduction getting to requirements due tracking this on Once profile legacy with integrated the will give growth complete implementation the cycle is the of and units of revenue from the business, can the CDM of first over us overall capital fleet productivity above only and are

reap office we further further benefits. As we to the expect get through back integration,

approaching we and which are at this always have lean and possible. run to as as Compression, USA organization the We way efficient is

While it to is created could things doing that the challenging everyone years, way you've be board. been value organization can throughout understands be for the combined change and XX the on

following plan pleased So I we to quarter the in one closing acquisition, of seeing am are better executing than results report we and of summary, that CDM are the expected. ahead

the the by second in illustrated environment we the of results, for utilization the of So business compression now XX.X%. quarterly during quarter average continuation services strong quarter experienced a

from this While the number in down USA of the mind reflects CDM into the assets metric, keep QX standalone this inclusion is USA a slight fleet. tick that

units the As given we have the to was not the that out as we not deal, at time unexpected. and lower to the continue than discussed Frankly CDM of customers, for happy utilization demand fleets deployment idle a somewhat so receive. this result have but to some, many statements USA we're

the As Compression in and mentioned our especially is us for we and customer quarter the applications. Demand overall horsepower all tight horsepower half across deployed specializes. for we largest very during classes. environment size tighten future. at performance well the to XXXX This categories The is horsepower of ranges for continues in supportive all across the very bodes is market back USA macro the and positions of strong believe which continued well demand

operations period total end and fleet worth was end horsepower On almost period horsepower at horsepower at X.X about million active our million X.X was the side horsepower.

Utilization seen by of last area the late completely essentially we have utilization so The XX% can our while before out, large of fleet in this generally sold As is units consists utilization smaller decline some price out. Most of large we horsepower are level a started idle truly represents that at oil and I of sold XXXX. that horsepower. units this deploy, mid still end mentioned, XX.X%. resulted the period level at approximately in

during lift higher operating some require We second units in tick increasing pressures are seeing for gas of quarter much which in reflecting the the with horsepower Pricing continued demand legacy attractive small the market. upwards even the particularly a applications, lets. to smaller industry horsepower

new large horsepower with to operating price continue at deploy the our for also units units attractive already and coming increases customers, monitor we across existing pricing, we on contracts. regions make units to market out While month-to-month operating very

going future, continue the levels to and will horsepower we sector support for tight forward. large dynamics activity enhanced demand Looking think both and equipment supply used new to pricing the

consisting for market that to approximately are of invest in Given units dynamics of large horsepower the invested we and to customers. QX million demand in strong capital our greatest customers. In order we prudently equipment, our capital grow growth alongside continue by demand primarily XX

XXXX horsepower and continued the took CAT We the our and horsepower XXXX approximately horsepower focus class, of of delivery XX,XXX X,XXX we horsepower. quarter the during X,XXX total largest model CAT

for substantially For committed XX,XXX been all which unit, large consisting customers. the rest to fully of scheduled have horsepower have of horsepower delivery about XXXX, we already

As XX,XXX the previously largest we class of had of of an first horsepower throughout commitments XX,XXX the delivery additional mentioned. up half look into XXXX, for we horsepower XXXX. the horsepower have from slightly we is the This

to price output unit for increases upward of some continue the In iron addition times, to due beginning cost. see new bottlenecks which XXXX Several of vicinity for pressure in manufacturers, weeks for we're larger to to X%. chain of lengthen on have an XX announced CapEx major supply our lead suppliers

placed of tariff system the aluminum increases do half the indicated Additionally, in most to our XX% XX% to the and the rolled fabricators recent result orders for have throughout plate imported and in the increased and steel begin imported cost filter of small beyond. XXXX will in and steel back part flat announced on likely an almost on pricing

that So our to capital redeployed overall increased existing comes of that services positive increase contract fleet, our it fleet continue sometimes is capital our Thus, for value continue business. well of but compression services of industry have this new existing will necessarily continue climb we replacement the as if and charge fleet. fees customers for in the either service the our on across monthly applications. in to re-price existing to additional missed youngest or costs our increase, that is monthly one increases to Because to of equipment we while the can both cost will are likely in as to result replace impact new gets the the costs iron or off rates compression

overall great horsepower represented The gross to XX.X% in Achieving XX.X new of of EBITDA EBITDA Compression the combined a as financial million. of strong improve company. and market start represented an the performance for margin margin quarter an the XX.X% strides adjusted operating the great resulting increase second USA led to adjusted pricing and dynamics

we've below margin the already USAC CDM fleet historically the integration at mentioned the demonstrate about the in results progress have so we business. of and these XX% levels an As made of EBITDA operated

USA the USA effort from of margins We ratio from the leverage around focus quarterly to X.XXX, horsepower, based combined on will past and and expect X.XX results large up X.XX, led a allow to our ultimately infrastructure coverage QX. consistent Compression in first for strong distributable quarter with practice. The flow for a X.XX reported cash a continued USA derive integration the down fleet that applications

industry resulting as diverse the through like a SCOOP/STACK quarter. shift been allowed focus on activity Louisiana gains CAD in flows Shale's stable reach marketplace. is few basins, the to South the of to and domestic regions. operators drilling, from well the has Marcellus a made compression. demand continued not Permian on and horsepower volume up the production the aware including and paradigm fracking midcontinent, E&P through the Delaware Everyone witnessing bit more the focus but gains only years. over in shift of the resources operating northeast now in Gulf in me drive rates, geographically areas well areas cash new last also continued to has growing faster historical The USA Coast second Rockies the little Compression of footprint. Clearly, site Let plays productivity the the but Utica we've and has much This large efficiency Texas initial and the also for The continues horse the multi-stage has us

a picture to Those increase and gas the stock L&G me big to of are in natural demand primarily attractive. natural strong. and the to gas critical exports, coming the Compression petrochemical generation production located. assets poised role continue to unconventional So direction. The feed them, a chain the four exports demand, clean in domestic shale be play drivers, continues natural where country positive continued in burning in demand value are to call big the is our move we this and big place services Mexico that as drivers four; gas increased absorb power from

compression. for for been more demand requires gas long time saying gas country more As infrastructure the we've a the and around moving increased

sector, a continue our the we will are level believe model horsepower the customer's customers it and high is service is required demand the we've for requirements. that demand for highest horsepower Within we believe proven USA of reliability fit large class be compression operations large and that infrastructure building. as is horsepower great this mission in of the to that that our critical a Their

XX taking last strong care the this who of and customers both infrastructure businesses built years Over USA of Compression CDM buildup. part are

As in turn walk we quarter. to see Matt some will to highlights this from growth two have now expect ahead benefit over better these combined the of infrastructure through positioned the development of companies, continued call I Matt? even financial to and a be demand to now country. the we we

Matthew Liuzzi

everyone. Today good Eric CDM. which first reported combined our quarter reflect result Thanks including morning of Compression results, USA quarter second and

entity but from the As want through walk combination I to the on on year transaction standpoint operational, explain earlier To first reporting financial three for we results well closed April has the everyone the Eric of affects transaction the financial structure expected. financial had an transactions in refresh we X. and as structure, simultaneous the bit, all commercial a had I'll going mentioned, which how forward. performed this

the acquired Riverstone's Compression. USA Holdings, in investment Equity XX.X as Compression interest USA IDRs units LP Transfer vehicle Energy GP served million from which First, and approximately

with CDM base. would to just extinguished and exchange equity for Management Second, to our change comparability interest CDM's that to the acquired as IDRs may of provider the non-economic Because your ultimate we a third, Resource a asset treated is continued being Energy reporting purposes release you a reverse the parent, new GP GP in be in ETE. and a which mix third services in our accounting CDM Transfer LP entity Compression larger call deemed we owner attention transaction The control CDM cash between operate the may publicly earnings and this purchase, of have traded noticed in to economic results financial accounting acquirer. like morning USA compression however to as acquired USA Compression between and is financial a I party for and units periods. USA GP Since impact interest of merger. closing significantly for of Compression a Equity through have

X, As such the April CDM. for XXXX, effective purposes as reporting financial of is predecessor

that or but to what to quarter So this that future, relates is any operational is second financial practically information the in periods historical CDM reflect and historical will means the XXXX of data filed prior results.

oranges of business this before, Compression compare end the by period has all the or reflect included historical of that accounting somewhat the reflect easy it months CDM and performance or result of and reporting impact is comparisons not be business. guidelines the in may Because combined will are going driven business filings to the year-over-year readers second information. the forward. results you accounting restated. be the in no on comparative USA it apples of the business USA The as going results for and financial six this CDM and be such may Again business guidelines of and will data meaningful is presentation accounting have not merely periods. require. our treatment first As being the not past the to XX-Q the periods affects The any and of of quarter only historical portion our financial particularly operational the on was clear, not way Compression's quarter-over-quarter current this seen To no then quarter forward;

$X.XXX So million, DCF turning a revenue to million. quarter. distribution to and previous the of of unit with adjusted the achieved to partners at results, consistent unit, the July, second million quarter LP we $XXX $XX.X holders of EBITDA limited cash In $XX.X per the announced

but the reflecting quarter. fleet of as the with delivery capital end about of during growth QX units new million CDM horsepower the also horsepower total primarily was in almost acquisition, Our of of X.X million spent the XX

Our horsepower. period revenue end generating horsepower approximately at million X.X was

Our average was as per generating revenue revenue the second utilization XX.X%. by was for measured horsepower average $XX.XX. per quarter month Pricing horsepower

benefit to the provided Net in XX.X cash transaction we by was quarter. capital of income million that was the structure cash million. we second coverage $XX.X distribution noted million well of to we existing attractive operating announced $XX.X We for When new from interest as on for on the first price XXX million million. continued the which selective pricing the growing the approximately was deliveries as consideration deleveraging Total net fleet. sheet in revenue increases in $X.X XXX in and percentage million reflected Operating the quarter unit margin was was other in the Gross net operations expense the revenues. revenue line back totaled Maintenance activities deal million expected a quarter. QX. few our in and quarter of through core Walking operating items, specific of balance contract income a result as the was XX.X% for $X.X overtime. quarter January,

The second under distributable as start revolver our times. the quarter's both leverage cash a X.XX to X.X including outstanding senior got from on coverage previous notes times was $XXX of of improved quarter times X.XX also of decreased borrowings the Total million. and flow level good

that basis full three treatment did actual results added when CDM May of in that closing. of recall worth provided we Compression XXXX May's and treatment. was and guidance, is XX, get based we of on XXXX, Because a April accounting determined as an so USA year on a took Subsequent expected now we we a full acquisition when reflect guidance, the I the CDM You Compression we our accounting the of results. treating end quarters appropriate three will of to USA quarters reverse the the that full-year merger earlier, to results discussed year

As approximately June reported out XX, months a financial. quarter, first Compression ended quarter adjusted the switching six USA CDM was lower of we the have quarter for using result EBITDA than the first million would Compression's first for our $XX USA

unchanged the keeping However, forecast this time. back because of improvement of year, point are guidance an the in half at we the for in

and such, and continue million $XXX XXXX and to $XXX As between million million. of of adjusted EBITDA $XXX DCF million we expect $XXX between

In between SEC the to income $XX early million expect addition, this as million. with Form we we net of that, the as Last, expect and $XX questions. XX-Q And with up the file open afternoon. call for we'll

Operator

[Operator Instructions] Our first Tonet Jeremy question comes with Morgan. JP from

Unidentified Analyst

versus I synergy is on Congratulations Could integration you curious seems maybe This little on maybe see during said half the on to progress past are savings color given in back now seems above front we it is the on just quantifying for like expectations. the when of then start he more the give to schedule a had today. also Charlie are both had and going you where you Jeremy. a are bit the was year? you what on really made the

Matthew Liuzzi

Sure, about back our when its through the we back that I Matt. were of early that on guess is office the cost run the again the this related kind the well expect those $XX that a are two I the it and synergies say we kind the synergies issues. Charlie through and get a counting IT of we very we be when on deal to of get but number kind year incorporates way talking on where of million we was synergy we guidance say closed our are all continue kind we were announced lot end as would I would going of amount. one of kind on of to and where rate integration

that we on year is of by expect earlier. later the kind at of amount back certainly here time is rest half the we announced is complete on this at rate amount the kind here a be this the think run we'd integration that I at will basis which that least of of through think that that mostly get

Unidentified Analyst

then kind XX.X% Okay, of ramp the up to on how think where have during you back utilization it ramp about should we this what also great. can we historically half And then you said of year? that

Matthew Liuzzi

given that fleet that I so we of been than made kind what long had of needed utilization orders going utilization reconfigured as to But sold USA seen that. a spending now lot the we historically we're mid we're as equipment that field. about on six it's most lower led to getting what's of area. dynamics we take from for of doing a in that fleet Sure, stuff are through of out X fleets, quarters sort make out get Charlie all all basically of next we what we've to redeploying that that sold USA work all April comment of to had fleet getting already the the the is and take we we're the kind that to CDM took at that that been and kind contracted, really in idle the utilization slightly and looking into that's CDM USA CDM months year of recent just USA XXXX delivered mentioned been then behind on new get all work the in combination for ready of demand really XX's that again the kind again capital that CDM out really spent think that up utilization as driving this it's If the redeploying by could on in it some on running to but we not we've basically year. very yeah XX was effectively we talked don't front I all wide the see, kind out positive is being nine XX.X%, so market mid-XX's Eric things of of when

it year that and really the that the of combined So I utilization utilization number continue will and drive that will is do think and that to side that what you'll number north. see CDM's the of drive throughout course

Unidentified Analyst

us last for outlook the the you're good. asset sounds and –can latest hearing the is changing anything one from as maybe I guess just me, on Then that you Okay, wide Northeast customers, give [ph]? what

Eric Long

some environmental larger long to pipeline delayed. Charlie, construction And pipeline Eric. of level seen is line the regulatory scrutiny at some Yeah, the at level, for projects we've takeaways. been be delays of the have and There the continues this several

pace continued some it of we've that up I we So slower seen been ago. couple what saw indicated years a think if is albeit calls, in Marcellus activity Utica a earlier on and the we've than has at

larger see of and hot. with Permian be consistent red to the continue think and are Delaware slower hot longer some we commitments the to The the few able I actually transportation little red it's continue quarters who but has last of supplies gas SCOOP/STACK was term, lines the basins move merge to some past. basins, Utica customers a been those out from probably have on Marcellus to in bit So be existing the our

dominant will those view dominant a the are area the market stream. on may right the at in probably the one new brought little of our will line in down up the in growth existing up it long a game get strong inning area the for activity that's actually of it think the to starts allows one again. when again next to ready us thing although producers gas and a take of clearly bit that ball have it all takes as a world I little get that up bit areas good of middle of take look start you affected and an so actually Northeast to in reader of activity remain area the be That is the catch and the and and areas to So all new activity these projects the that the is some we slowed an close the

Unidentified Analyst

for it That's great that's you, Thank now. color. quarter Congrats me again. on the

Eric Long

Charlie. Thanks,

Operator

Marshall from Adkins, The next James. Raymond comes question

Unidentified Analyst

obviously going our Marshall format. to modeling recalibrate new to morning, models told question, Good on is for guys. some we're in ask you Marshall. the trying I'm This

us and of Let's the as we're us that some give related party stuff. service concerned? far on black kind because more and Give parts start rate you exactly what that's all run just of is box with for on can a color that gone and some a as sense

Matthew Liuzzi

this Marshall, Yeah is Matt.

divide it I'll - the that the up two noted. into On you

service we USA some it little historically bigger in was a of relatively of had amount small that part a We but whole business. don't recall typically whole had you'll that So kind don't scheme the do done lot that and it's it's again it it's a unit it. of at own business. there think amount minor of budgeting one-off to bit the that pretty anyone unit in because sitting the parts one and business we that delivering around own need them unit CDM of for what's next driving change that my is change build we two in would very, work they're go and a level it's so on unit we on customer for we

a lumpy monthly lot year forecast of it we service little very you just the kind lumpy it's the a difficult can service a that parts whole don't stuff. bit be well. anyone term amounts forecast so like long going that's to really be and try so to core us contracted for it's type But want of So typically to not and

Unidentified Analyst

but a just kind just representative starting quarter understanding point? this of good obviously bounce think around we'll it's you keep kind it kind of of going to where Was be second

Matthew Liuzzi

million bucks bit a the were a going that that revenue of But on know second point with to running a standalone as might out but the probably we be about it kind place understanding as to of it might any at We little kind is like what think the project August part at what a business start. - I ad a very of that what don't just so is probably for look far of quarter mean a thing. will new I hoc service, be never quarter it good USA even it's million it's kind be. it two huge starting of or more,

Unidentified Analyst

and why Perfect. Yeah lot seeing just than I party? that's we're then used related a bigger ask to all and

Matthew Liuzzi

Yes.

good transfer energy that enteritis historically So kind that in done energy and relationship I there number. what rate numbers a quarter think transfer second run is business given had that of deal that's the little of the with bit a is CDM reflected obviously

we So is. that expect as it would continue on

Unidentified Analyst

ask on these normally The from SG&A is modeling are depreciation all and Right, of assume just where now? as stuff run roughly forward like different kind but a interest keep that of quarter. rate where at it they the is of them lot on I carry we kind

Matthew Liuzzi

and will you file Q on so afternoon I Yeah that the are more non-recurring and I think in little this that the we'll give numbers of think numbers. a detail some those

Q stuff after at that take that suggest Q, call that would you. for onetime will give do that I So is be in a me the non-recurring a number you don't illustrate look but don't there some of kind

Unidentified Analyst

to half back balance And down. expansion time of have say me. from take of the levels let's is EBITDA Obviously in point and growth after get it been growing back put more? have that want to hey higher the we early the define that to you've your Is one you year to a visible that. lot there you able sheet XXXX. are capital going you're on are even CapEx continue be a last With that and into down rising where Alright, to we there prices idea have EBITDA where the of plans this that

Eric Long

do. company. think interesting thing economics question, rate nail our The will the attractive the of that increases maintain I come largest if you the horses distribution gosh balance stability We're on growth business to you at envision clip look horsepower when we existing range. This large a unwilling hit XXX,XXX we're asked delever horsepower long new We're is leverage. extremely across head eat story in it year-over-year, and growth. Compression the cost a massive what to and the at that stable the sheet. the would where at is kind million continuing of the grow we increased we X we're to moderate on sake extremely and horsepower of all that fleet but look of a term in we're of what as for to are push type XXX,XXX customers is Eric, the not we your adding XXX,XXX to growing attractive a always going of growth to XXX,XXX, the even tariffs now XXX,XXX, said of or we increases horsepower in looked got continue of not have that People When kind USA at you've we've continued

With and grow you on markets us the in grow then returns attractive them slow the deployed markets to stop delever say deploy at sheet. ID. markets operational not growth the balance tell further your capital. the or are our financial in capital And growth The attractive will it's to

the levels able our other be on perspective? moderate sheet capitalize view think your I So we'll of continue of growth highly to is from Matt delever world will without coverage. any profitable balance both color to and we coupled want and the

Matthew Liuzzi

we're doing we a rate good and knock makes can other of mentioned on on kind that think we unit then price that and going and like take we're a kind effect sense and to this rest the the where that come No out week of on the money it the on increases. of go has like again it is the to that's spend I exactly where thing new as Marshall we

as and if I EBITDA of unit and be going that you combination the that growing think that new decreases delivery get think coverage well as I naturally. the average builds to

Unidentified Analyst

Thank good you all. answer Right, guys.

Eric Long

Marshall, bet thanks. You

Operator

with Gyure Your next Mike question Janney. comes from

Mike Gyure

capital could than guys I what guys the Yeah were I if of any from just different think a acquisition? wonder opportunity when quarter that's sort you kind perspective of maybe talk integration payables working you receivables, expected here like along maybe see about the that CDM the to of you a if guess you

Matthew Liuzzi

it's Mike, Yeah Matt.

of monthly starting we've business we've terms a in two month very rate on monthly operating that as it's As a month of the in business events on were migrate kind CDM of itself, the billing service similarly we advance billing and we to advance taken the in start billing somewhat were still businesses were customers' cycle. kind

a it So we're that procedures contract obviously whole all bringing it and it we that our were work idea of customers et cetera. work our I everything on think on our doing to lot the there's if they but taking platform through through

pretty And always USAC. a been in so capital at good situation obviously working we've

we once things everything get think to we we going that like we're integrated So were USAC. continue doing

stuff So the but were this USAC mission assets like just big critical CDM stuff the customer had fleet. from payment that horsepower, overall a from a that

very - don't that difference debts lot in standpoint. wasn't a stuff, similar kind customer from that payments, of you So so whole of there bad

I just things the think of than it's around more sort edges anything. tweaking

Mike Gyure

my all have think questions other Thanks I and Great been answered. guys.

Matthew Liuzzi

Mike. Thanks

Operator

Seems there the questions are queue. no in further

Eric Long

us the thank Okay. for today. joining call Well, thank all operator you on you and

integrate contribute Compression quarter market the utilization more early USA benefits standpoint has The we will growth. the both with seeing of from even second areas position the the well as a and we're and an demand exposure and busy multiple with the been strategically for to combination stable pricing reach a we to Compression, broadened think our our for services future. We're continued completion services the CDM from USA provider work CDM and received for with high geographic compression acquisition business one with approved customer compression the continued as as for pleased

With remain the activity levels very customer full high. swing, second seeing in opportunity we're

customers. needs bolstered driven people strong running CDM and upstream Our full assets field the with financially meet are from our operations safely of infrastructure and to the ever speed at growing mid-stream

and critical customers generates the advantage energy model also flows business sector cash to can now. in a long-term you continues throughout the updating to seeing and story operations, upswing but serving Compression to be stable continued We Compression. look forward not take of cycle, on growth. of overall Thank with stability are just quarterly In your part USA you only of cyclical the the USA of next interest for addition support great we in our our their call.

Operator

today's Thank concludes gentlemen. This you ladies and teleconference.

now may You disconnect.

USA Compression Partners (USAC) 7 Aug 182018 Q2 Earnings call transcript