USAC - Earnings call transcript Q2 2024 | USA Compression Partners, LP

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Operator

Good morning. Welcome to the USA Compression Partners' Second Quarter 2024 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, August 6, 2024. I now would like to turn the call over to Chris Porter, Vice President, General Counsel and Secretary.

Christopher Porter

Good morning everyone and thank you for joining us. This morning we released our operational and financial results for the quarter ending June 30, 2024.

usacompression.com. copy of earnings Investor this of website a as as Relations' find our recording a call at can of release our well section You in the

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

You will these to our most the in reconciliation U.S. measures release. non-GAAP GAAP measures comparable earnings definition find and of

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

Eric Long

reflect second of Good XXXX you, This for I call. morning, our our the and released Eric joined everyone our on we business. our Thank joining am call which COO. strength thanks results, by morning the Chris. continued Scheller, quarter

record The horsepower. revenue-generating EBITDA, revenues, quarter horsepower, second ended record average with revenue per adjusted adjusted and margin, gross record record record average revenue-generating

future. an all-time compression at believe a horsepower, at indicate was utilization X,XXX which XX%. stable average both an remained all-time the high, continue period-end and for contract results at near with and strong These Our utilized foreseeable will horsepower, we our high, XX%, fully effectively over market, large utilization

of in levels impact disciplined approach maintaining support margin deployed horsepower. the of Our our results past reflect we continued as pricing also that our periods

highs full Now at continue levels contract extended increase to utilization tenors. with essentially record pricing to

downward X.XXx X.XXx. to line long-term X.XXx, trend leverage continued with Our in our to reducing also its ratio goal between

the of a from year, fully of from capital the expenditures downward were continue the capital the impact first this expected to trend adjusted We expenditures results. majority EBITDA during our as to impact our which expect half year, begin for the generated the

As cash our Preferred was Common the A distributable Units from our ratio Units last we flow impacted slightly of Series by very to conversion mentioned quarter, EIG. coverage

our happy we USA oil see strategy support compression of outlined general previously will are When that customers all the views dilution highest demand States space, have consistently our in globally. Due are a the their have to demand margin to the the drivers with and Series of this strategy year. with common to which to pricing underlies the the first very, and contract Units sold flow of conversions idle converting report growing to from term, The our float of active near-term enhanced business. macro the long-standing as gas impact capital our are but natural the value conversion. Switching status. to our environment, and satisfying of during steady growth meaningful resulting in will We discipline continue open Compression and to near we long-term for and and market, Units million added the unit $XXX Units has cash EIG Preferred have Preferred public on units Remaining provide XX very distributable million almost we units half conversion only to ratio, which outstanding. increasing We environments anticipate will in the common United near our steady return-based discipline, margins the and opportunities from units the equipment of our the the common holders. maintain sold resulting liquidity equity coverage the are A all common no into converted of small Preferred

pricing a the able to natural were in equipment, the with market. Further, levels to are currently the gas this maintain compression equipment deploy new tightness long-term. compression of should to compression contract to purchase industry, financial we our if seeing despite fundamentals, within these high the future. we to policy, and than far attractive such compression have leverage own do are not meaningful utilization expect but we distribution expenditures moving that equipment, are We in at capital their less the due idle the to foreseeable see our underlying our support seen Obviously, purchase continue and trend customers goals we trend not factors a

consider support In natural long the we believe contract industry. natural the changes policy. of remain industry, distribution exiting capital bullish our gas to growth the facility, the continue refinancing to the our As our Preferred structure, natural Series senior including we term, XXXX, a the market and compression action on our which before gas prudent due the Units of compression we our will A course believe on notes eventual renewing credit reminder, focusing fully and is of gas we

as previously LNG remain the gas-to-oil Mexico, mature We natural will growth As and gas. exports maturity of will continuing discussed, the demand continue wells demand gas natural increases gas generation, and exports remains to strong more we strong XXXX. natural pipeline Further, time. ratio to over the require power through Permian forecasted for Basin believe drivers compression

demand for power support will XX which future of to continued creates some needs. To the of mix with foreseeable provide the Permian the to growing baseload XXXX, of generation gas and in shows incremental the their generation primary believe you electrical of generation we a industry. color Basin completed Permian the by electrification the be in approximately power oil electrification requirements, related to Basin recently half gigawatts the player on Basin, power is the demand electrical natural Regarding for ERCOT power forecast which demand, additional Permian gas X-year that

demand make the Zooming of out of Houston looking Permian growth The other traditional the demand data would the entire put coastal comes green comparable context, last the and approximately the region, have summer, demand at ERCOT region. cryptocurrency, X growth generation other to now XXXX. in To ERCOT. power and industrial centers, XX power high, from in currently in was will gigawatts, years The was the the hydrogen, in growth peak we need so of XXX half we the that gigawatts of which Basin power projects. the by ERCOT that forecasts amount power twice almost demand all-time

generation ERCOT each of this we the painted thought One One of CEO of U.S. power demand power data average and the we a most from of really needed is that for staggering AI intelligence. Wow, picture the recent that the demands currently of recently gas-fired home. drivers microchip the practical, primary generation revolution, consistent and the plants. centers AI used of power same amount artificial AI requires that most power tidbit will natural amount of be that as was support is is power the the the heard of to

electricity that need started our currently increased are large more very ERCOT's grid power better will on an potential units back our to value ability versatility to to our support the in are stand-alone to at we begin and even generation run offering opportunity Dual-Drive largest near between for about why The versatility, we car. Dual-Drive's opportunistically impact presents process Dual-Drive early customers. levels. It the to us grid electricity beta difference needed this provide gas and prices believe customers when too value electrical us, take our compression. the product to addition enhanced will operating our to and sell transformation offering excited us a electric large provides akin the generation the our region, product we Given as will to power to hybrid power, provides attractive testing decades future, electrical is know but power growth We all-electric to region, which to Dual-Drive allowing or conventional have and compression horsepower than to offering our including be Dual-Drive compression of the greater the of in generate to is the view that the complete. car Permian ability natural product

field. culture, like Before that committed day. call comments steadfastly quarter we our so the make appreciate to commitment development programs, employees' Scheller and call discuss each oil do return improvements Eric and one our every I to thing COO, created safety over home to I our turning of regarding over of turn remain Eric important expertise customers highlights. they safety second The We few the USA contractors, a safety. each and would to will remain one and the Scheller, culture at that we of ensure to continued the is safest second-quarter Compression. With that, operators our and have to safety most our discuss We in employees, the to safely to the results,

Eric Scheller

all. and Eric, good Thanks, morning,

unit our deliver to pleased quarter were results. another we noted, of Eric As holders excellent

horsepower additional the horsepower deployed In pricing. Eric extended on as continued mentioned, results deploy tenor, we XX,XXX during quarter enhanced the record large contracts units we with addition to approximately to

Our revenue by high $XX.XX averaging of quarter the driven the quarter. XX%, at continued an exiting improvements, grow, all-time all-time increasing high, to at and utilization, for also an pricing primarily second

and sequential revenue Our year-ago quarters XX% compared increased in the period. X% to

quarter second XX% The approximately of saw also continue. our sector-leading margins

our contractual As to regardless adjustments continue of long over levels pass-through line improvements with productivity pricing foreseeable we margins a the expect current inflationary supporting our pressures. and reminder, run, in

net by sequential average was million. our Net $XX.X and was net a on activities to second-quarter XXXX interest outstanding quarter borrowings. due $XX.X income primarily interest million expense was million, million. by increased $XX.X basis, was million. Cash expense approximately financial results, $XX.X cash Regarding Operating provided income cash operating $X.X higher

SOFR rate ratio, Under interest notional cash rate to swap, fixed of cash this leverage XX-day our SOFR million $X.X by our compared interest which facility borrowings. higher principal in received XX-day X.XXXX%, results expense XXXX current an of December million on X.XX% credit X.XX%. until However, at that interest in under locks our was exceeds million current $XXX of mitigated payments rate $XXX the

of was Turning fleet as of to the approximately horsepower, X,XXX the operational horsepower units quarter. X.X results, the we horsepower large end delivery million of quarter during our accepted new at horsepower total

to basis, the increased the XX,XXX horsepower we the units. idle deployment new by X% secured horsepower due had sequential Our of of a status primarily to large customer units, delivery new revenue-generating and on contracts conversion horsepower of of fleet current as the to quarter prior units active

and expenditures units consist ready along expansion the large idle the And of second horsepower maintenance million. reconfiguration and XXXX make with of X,XXX Expansion continues units of were horsepower million. units, spending of capital $X.X delivery to new horsepower the of expenditures acquisition $XX opportunistic in The were quarter large our other capital aforementioned capital market.

We additional fleet active units capital organic at horsepower Throughout we fleet costs conversion ongoing anticipate assets new and of of and to deployment XX,XXX XXXX, of the growth substantially also the status. of below bills. uncontracted XX,XXX idle between equipment of expect current remainder existing those

are increasing the full financial we that am share I our guidance Finally, pleased to year XXXX. for

Our with $XXX range is $XXX to to back range $XXX is cash remarks. million now net Long EBITDA is million. income million. million that, million Eric $XXX And now million. And Adjusted to $XXX concluding $XXX flow range turn to for I'll the call now distributable

Eric Long

Thank you, Eric.

of We second are results. extremely our proud quarter

of will compression strong take future the as gas to and the for LNG, to advantage other years. continue for increase stable coming foreseeable generation, we continue which power continues We over demands the believe market, and uses natural

conclude, We adjusted with quarterly well XXXX prospects natural extremely again adjusted positioned holder of record highlighted revenues, results, pleased and value. To enhancing quarter margin. are second the our EBITDA, gross to are we bullish and on continue believe industry long-term gas the by unit we are

as file early with to to SEC this our questions. with we expect that, the Form We call as open XX-Q will afternoon. And

Operator

question First from of with Jeremy Tonet the JPMorgan. line Instructions] comes [Operator

Elias Jossen

on to Eli of but just past compression is specifically, press lead and like want for It to hot there seems times. continue This start there the wanted have your market source delays equipment ability a of to compression in get be would times more equipment? related the discussed to few the on were sense evolved great. we Jeremy. to overall, I any in maybe Any see a lead color months, how release

Eric Scheller

Eric Eli, this Scheller. is

units were last has for come really delivery the materially, quarter. Supplies in. not So discussed

XX-week to add mark weeks we think engines, another and were then to package. still for in XX- I the X

we're kind that that see think to pace. continuing I of

that haven't seen think demand And growth I a in remains the material the market that. so-so. we for

Elias Jossen

follow-up, CapEx longer-term across I everything they and you I get a about with And revised of sense guys of growth drive longer-term maybe across how levels you as then these guidance, but elevated the those might just your spend to a want business elevated growth kind CapEx thinking higher growth. spend all how levels? just know frame maybe and

Eric Long

different a cycle, this who Long. Yes, the two in say, Senate, into is approaches depending uncertainty needless the on ends there's and very of House, to with coming control executive an branch. to up the Eric lot sector We're election of and energy

right is lead utilities, little a with now. of this right and niche now. Electric caution a approaching market times long are bit we're transformers, for So equipment. extremely There compression scale,

Here doubling in demand basically have at of looking the Texas. we electric ERCOT state

oil the and or can that So the we're electric long-term, the residential to up an it remaining the in think who's to with be getting about an pay looked optimistic with who's it's a hospitals. And convergence to and going electricity. the pen It's at be to in is of competition when need. significantly So willing electricity caveat you regulatory of gas significantly for start which going be alter, course it it to Clearly, end going you molecules higher future. about to the be and stroke going data company costs, to direction is very going center? AI hydrocarbons of

grow are for mash so. don't can So larger the of very we we growth. to attractive, returns there's we at find we We a and the that the for direction, to of we'll equipment, equipment to when grow always the need economic conservative grow. accelerator somewhat the sake sake right clear reason We continue deploy horsepower the do extent profitability we type of

this little a the at fuzzy. stage, ball is So crystal

fleet And of with ourselves for on we between focus is that different that's And the the extremely goes large and election a either Dual-Drive Let's going see TBD one the goes and the peers. industry. bullish differentiator opportunities our results If wait direction, direction, election. think the think conventional the what distributed and to our election generation we like. horsepower we go, look a our direction it's

Operator

line the Jim Raymond from comes James. of with question next Rollyson Your

James Rollyson

with Maybe start Eric. just

perspective, into just the So customer could already obviously level probably you're maybe about just generically bit report kind before. political we've heard were and peers that high how into you next growth talk about seeing you're build 'XX? CapEx one that strength. and and is still answer gave you seeing season up bookings inquiry you of beyond But a order that from just earning part talking book of perspective, a a thinking from and 'XX your And where this equation. I from are you how about of And imagine going thinking CapEx into your just about maybe year. from market how growth is

Eric Scheller

James, Eric Scheller.

Eric going. as at That said, optimistic, producers. customers are And we components. basins volumes coming we're to to that they the CapEx very we're assets the optimize drove those view us, available we things of the about in are we where So on optimizing or apace of our demand idle also as just have think either and from looking the rest active the to continue seeing across, fields how you as service all continue depending their the of different

of we the the We and pace want the the in at we're equipment of of going that coming in accelerate sense the sure year we growth service to to some not for seeing, what's we're of of the got next we ordering first utilization, out and back makes the existing can support at is, line capital that the book. We to of in it. them. it us. It's that our like what advantage look But did bit take quality how like we've wildly given providing, we're for little high growth. when of good do a in certainly half half of you It's make out how still year. a the seeing So, have that

James Rollyson

reactivating I kind a idle this your obviously of get the And when you some quarter. popping guys which a on equipment, can on spending historically operating from you you're side cost perspective. capital up bit know today, up little And focus are was that of make-ready

about think should inflation through year of into side, we we next? how on curious as run the Just kind this cost and OpEx

Eric Scheller

that still some coming So, see inflation, for we on lag with of through. us the

inflation everybody cooled, quite That We as deal continue knows. with on to hasn't market labor.

when aggregate the X.X% And for coming government, labor from an the higher piece. you so even out see it's

the go and the out to idle active to that's equipment available units check for return. have deploy to We people

assessment and little money. to that with got folks, a does upfront we've So cost that those make me

get I at off. rate deployed, utilization. the a you'll of to people some these deploy, a working of see we labor we we the But and that them units think as have stats of and shops good units keep get into continue number as roll in the labor high to good force

Probably. wash? to going that is So

Eric Long

you Caterpillar showed Jim, yesterday, sales earnings this morning was growth down, but this was announced that morning, that profitability their saw their up. the was and

increases. push continued for that through for demand rate horsepower data X,XXX the equipment is gas natural are backup X,XXX-horsepower There has Caterpillar engines the to to generation centers, up same high the significant which compression big very electric the So uses, a assets. basic

only continue to that marine we will tension continue to there's -- be going these other the equipment. is to rate secondary prime and for compression centers push there in applications demand engines So manufacture. the so their and that and for competitive There's Caterpillar extent engines. data and push on to Caterpillar of the can And up envision cost power many

to. we tension, to to the think some continue industry as beyond all what our things it are look commit in customers, So into that and pertains new it take to customers we be to And CapEx those of there 'XX us competitive and will be willing will be growth. seen at with remains our consideration particularly 'XX, as

up. or to is employment fees tenors corresponding So tenors equipment and then looking deployment or resource service the are big extended stuff monthly and for go this expensive build nobody horsepower people commits deployment term,

to our and not and but stuff, going the customers. yin now Yes, stuff you our yang We going stuff our lot more historical regulatory returns. going see to make all to is environment. to out, industry this the in in of we're need the of particularly a versus expensive, light away. It's coming part an interesting be how the few years that's So give this want up right plays on

Operator

question Akyol line with Your from Selman of next Stifel. the comes

Selman Akyol

centers. about to wanted Just meter. about compression, more as a more and data And behind the more think understand bit little I hearing about we're

meter, to you drive centers the And demand data provide? that does the built get so compression for behind extent the that

Eric Long

absolutely can. It

backup compression data about data gas think you generation morphing data So centers natural from or away for diesel-driven have compression -- center more and and People the toward are backup. for migrating centers, more

generator you at burning increase site, gas natural retail to think about behind-the-meter speak. is a to So that's going so if demand that

So how the out Behind does coming gathering Basin. Permian. centers end Permian outlet to in There's out be pipes of those There's and increased up? where that those systems increased in capacity is affect cases. us? the Well, meter going to be we're into pipes takeaway many going in feeding the of going the to data

for beneficial playing So pull-through prime of meter behind are and very grid it's into feeding generation as as effect the on actually basis. us some a the all on of or the it's distributed who us either a well ourselves and

Selman Akyol

it. fleet idle your large that horsepower? you Or can you're just already that to about be be of it horsepower? already, making Got -- terms reconfigured then is And in large can talk maybe

Eric Scheller

Scheller. Selman, it's Eric

large large. get greater stuff points. We We People mix processing looking prefer or points small have nothing gathering There's of central out. at the are that demand. a dropping some for and to

we've So deploy. to combination some had

we're adequate in to the some and field back units basins package can could demand, some think of and the I demand additional up the X we forward for we in seeing I traveling we some what us on assets [indiscernible]. requires some we that here reconfiguration what from the and But based quarters. next ground also for think we on other, in between supply to have those pressures that We satisfy quarters, have redeploy package, X continue have have that inventory to

Eric Long

A color, Selman. Yes. little more

equivalent versus XX guys you string big the about horsepower unit, can't -- a package. If like horsepower them wellhead package you of gas and a horsepower take XXX X,XXX think XXX compressor and horsepower a lift really together make X,XXX, X,XXX

a Hyundai envision right, bus, bus. you a little So convert into a a versus can't Hyundai giant

is engine So the entire size package. as and long XXX-horsepower as twice as wide the probably of twice X,XXX horsepower the

doesn't So really, different a XX-hour you technical XXX. engine types. to different King Air really There can't It's a are applications different got a a types of thing saying, big mission thing. assets. convert The or fly different to international mission versus than little twin very a little big they're routes thing different and I've type, King thing a no Air

Selman Akyol

me. Got it. I appreciate that. Two more quick for ones

the pricing that? you the on is guys referenced, much Just that fleet to subject of adjustments how

Eric Scheller

Selman, it's Scheller.

that So through we time. goes have rolling a schedule

are at are on than business call come contracts. time. All we those laddered -- like due of adjustments different subject primary no bonds, the anniversaries other end contracts don't contracts some of the any them same term to to Our those at those in the

we're So on every that we're continue to to renewals going always And book the month do. what's what's to price on, active month. looking subject adjustments able why we are the every as that's manage

Selman Akyol

that And mentioned Got maybe a do more there? And more? out of discuss that you one, last you Could then bit see the guys acquisitions. opportunistic in little opening it. just your you comments,

Eric Long

is that's up. look it midstream of and go packages E&P out, Eric. the stream gas some out, project didn't that able generally X guys with we we equipment on contracts little There show to a the acquisition the excess deployed, owner-operators, that give We've old are didn't didn't X, maybe years companies don't acquired comment compression. materialize some I'll do source. what this and asset you we color. are was work do activity. at opportunistic And This or

able been of source to opportunistically some of that we've type So equipment.

some from new to There of some from pricing, opportunity, less are very companies that of envision at where in to pockets twosies dry for cost. that purchase fleets and economics ranging been some a onesies assets large extremely new attractive areas little gas equipments replacement have private able other the E&P perspective. may the from can changed basically bit are M&A the we've You an to There perspective.

opportunities a there. out So of lot it's -- are there

neutral laser are are to things We leverage us. things be would accretive, delevering positive that leverage that on for focused

on. don't the the We to I growth. focus plenty of to we things And for there's opportunities So profitability. of I think opportunistically can of as find that of reiterated, extent grow of sake very sake to And the we We'll criteria. grow amounts makes big meaning They some horsepower, acquisitions. large But it see. out sense, ranging small plenty opportunities there for horsepower, our there's fleets us. small to corporate but meet for

Operator

next the Your of DiRubbio Baird. comes from Brian with question line

Brian DiRubbio

Eric Just a you percentage few with for say lift? questions associated what me. are gas Long, would today units

Eric Long

percent. XX-ish to XX-ish

Brian DiRubbio

Great. mostly in Is that the Permian?

Eric Long

Yes.

Brian DiRubbio

And then just the as something to that that it market pertains a to expectation the thinking interest selling the and rates, rate for is you're lowering about hedge, open given Fed the start in gain? capturing

Eric Long

we always be so. up meeting That's a topics Board We've Board. with an soon. to obviously, opportunity coming our those got And here addressing do will

I we our in be intend think as structure we've opportunistic. general capital what indicated regarding to

and will work at, So be hedge, one that naturally? of Do the roll something bank to That action with of we on of Board determine hedge is that. off course, we to of path the monetize let best the pursue look the elements group through that to timing our do you the hedge? our

Brian DiRubbio

paid Okay. to Did disclose how much you that you have for hedge?

Eric Long

collar. non-cost a was It

So there was cost it X. -- us

Brian DiRubbio

then is higher full maintenance CapEx that this or spend well? be supposed CapEx And we about is $XX the just as think to Great. million year, moving as

Eric Scheller

pace. continues that at that no, No,

Brian DiRubbio

me. final And question for Great. just

rate XX the distribution that bias then that the to in consider couple the notes. to policy increase that Is the mentioned you the As changes of it is on fair the post preferred in the assume calls, refi, point? distribution extinguishment you common at units last and of

Eric Long

a provide do the point make to I create the action pursue. with our wouldn't flexibility of What at paid pursue decision assumption. course to will provides. That's we're that it to in Board look time. necessarily that that is at flexibility Board and that whichever optionality We our that make they

of that's that's the I part be happen, wouldn't would but for revisited the I So will to that going their strategic assume with direction something of Board company. that assume the decisions automatically that as

Operator

Energy of comes Jayne Daniel with Your next line the question Josh from Partners.

Joshua Jayne

you just just up the purchase follow customers pricing in for on your little wanted haven't that pricing, more. expand to area to you would to talk I helpful Could much context perspective compression cetera? what have have of further moved bit to that their runway et How direction? and happen about It a move on equipment. in would just a from discuss that comment customers own to be

Eric Long

a there's lot Josh, that go Obviously, variables of that. Yes. into

what the or different strategic is E&Ps outsource is and of outsource approach half. compressions, our customers. some some from perspectives, have all outsource Some half own it

Some acquire XXX% road. on the

So different at different are and Midstream gas differently different and they at between people it ways. gas. look basins, rich it differently approaching than dry it look E&P

customer cost is and increase you're coming their driving what it depends still think what's that basin of So And what talking horsepower this I base the or are Permian required capital, is the the out which to. cycles, continues you Eagle incremental deployment Ford is compression. variabilized versus load of as production whatever or see you

contract where machines. And a then customers owned on customers company-owned retail our existing are that some assets some their got assets oftentimes XXX% half customers compression have of amongst where at XXX% are we retail we provide from mix have. activities We've So activities got outsourced. we everything half where owned, we've do interspersed and

some have who here. done rationalizing don't larger have and the acreage here. more I things that decisions too Do their like? they much determining I've growth. their they do driving the M&A what's develop match are, they think going have to assets, what's I got no look to enough guys X% plan grow The accelerator? development per of X%, Do exhibit X%, promulgate year, were players

There X, a lot X they go to associated shock there's the were X, higher years I moving associated think are of construct pieces than up. ago. simple it. lot with is, are a So it. But They're some stiffer continuing the with costs equipment

this of outsource buy up. They going stuff. to or it, costs regardless they if go if their to for have So pay are it they

our that than we assets can right of to having optimize always with stuff company lower so cost system, part that's location. optimize fleets capital we existing of so are what concert logistics We, instead our by horsepower fleet, that redeploy in customers their newer assets. definition, in is fleets, other do the So a deploy not as have the of some a looking the and underutilized

change lot to think customers owning a a I material outsourcing dynamics outsourcing see own going everything So see I from. our companies to don't everything. from don't there's going to I of at all. going We move on. saying, from I'm

coming I they're stuff's the new others, have the expensive. to to of just do and head of the out of kind that's around have combination done, the think wrap what they just there's, and to always continue equipment their again, of going cost Caterpillar

Joshua Jayne

you appreciate it. pretty little I on here just could think what's of curious on timely your you and the their what And back sell Dual-Drive with the bit going was what units, I talked compression I then around about go the opportunity grid and Okay. Texas. more power potentially next into in term. you follow-up, view years? to if and on generate you as it bit that power expand a especially it's Could longer ability couple earlier over the comments a my more

Eric Long

from to to detail any we're trade have, stage. sprinkling a That's this some competitive secret and a just we're get that's that crumbs but it's not going bread some folks, go we perspective, into -- at that today. competitive exposure Not one to

Operator

also for more time. concludes and This question session the question-and-answer at conference call. all you no There's concludes today's this Thank joining.

may disconnect. You now

USA Compression Partners (USAC) 6 Aug 242024 Q2 Earnings call transcript