Dec. 2 at 12:25 AM
$USAC from AI/Grok:
Key hard facts (straight from the Dec 1, 2025 press release):
• Adds +800,000 active horsepower → combined fleet jumps from ~3.6M to ~4.4M HP (≈ +22% scale).
• Paid 5.8× estimated 2026 EBITDA pre-synergies (cheap for compression assets).
• Immediately accretive to distributable cash flow.
• Accelerates path to <4.0× leverage (from current ~4.2×).
• Expands geographic footprint into Northeast, Rockies, Bakken — less Permian-heavy.
• Funded 50/50 cash + equity at
$23.50/unit (only mild dilution).
Street reaction: initial 2–4% dip on dilution fear, but analysts raised targets (Wells Fargo →
$29, Stifel →
$30) and kept Buy ratings. Consensus sees mid-single-digit DCF/unit accretion in 2026–2027.
Bottom line: Transformational, not trivial.
