Looking for a high-yield company that has weathered previous down cycles? Take a look at USA Compression Partners (USAC), the biggest compression service provider in the US.
USAC was founded in 1998. It has been through natural gas boom and bust cycles before, but the utilization of its horsepower fleet has been steady, averaging over 90% since 2007. Even in the Energy pullback of 2015-2017, USAC's EBITDA was stable, running between $147 and $157M annually:
(USAC site)
There are several reasons for this stability, such as the fact that aging fields require increased compression,