USA Compression Partners, LP
Business
USA Compression Partners, LP is an independent provider of natural gas compression services in the U.S., operating a fleet serving unconventional shale plays including the Utica, Marcellus, Permian, and Bakken. The company provides fixed-fee compression services for natural gas processing, transportation, and crude oil production enhancement, along with engineering, design, operation, maintenance, and repair services. USA Compression also provides natural gas treating services and operates compression manufacturing facilities. All operations are located in the United States.
Summary from 10-K filed 2026-02-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 998 | 950 | 846 | 705 | 633 | |
| Cost of operations, exclusive of depreciation and amortization | 329 | 313 | 285 | 234 | 194 | |
| Depreciation and amortization | 285 | 265 | 246 | 237 | 239 | |
| Selling, general, and administrative | 66 | 73 | 73 | 61 | 56 | |
| Loss (gain) on disposition of assets | 4 | 5 | −2 | 2 | −3 | |
| Impairment of assets | 8 | 913,000 | 12 | 1 | — | |
| Total costs and expenses | 692 | 656 | 614 | 535 | 492 | |
| Operating income | 307 | 294 | 232 | 169 | 141 | |
| Interest expense, net | −187 | −193 | −170 | −138 | — | |
| Loss on extinguishment of debt | −3 | −5 | 0 | 0 | — | |
| Gain on derivative instrument | 0 | 6 | 7 | 0 | 0 | |
| Other | 97,000 | 110,000 | 127,000 | 91,000 | 107,000 | |
| Total other expense | −190 | −193 | −162 | −138 | −130 | |
| Income before income tax expense | 116 | 102 | 70 | 31 | 11 | |
| Income tax expense | 5 | 2 | 1 | 1 | 874,000 | |
| Net income | 111 | 100 | 68 | 30 | 10 | |
| Less: distributions on Preferred Units | −8 | −18 | −48 | −49 | −49 | |
| Net income attributable to common unitholders interests | 103 | 82 | 20 | −18 | −38 | |
| Weighted-average common units outstanding basic (in units) | 121 | 113 | 99 | 98 | 97 | |
| Weighted-average common units outstanding diluted (in units) | 121 | 115 | 101 | 98 | 97 | |
| Basic net income (loss) per common unit (in dollars per unit) | 0.85 | 0.72 | 0.21 | −0.19 | −0.4 | |
| Diluted net income (loss) per common unit (in dollars per unit) | 0.85 | 0.72 | 0.2 | −0.19 | −0.4 | |
| Distributions declared per common unit for respective periods (in dollars per unit) | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9 | 14,000 | 11,000 | 35,000 | 0 | |
| Inventories | 134 | 134 | 115 | 94 | 86 | |
| Prepaid expenses and other assets | 11 | 12 | 11 | 9 | 6 | |
| Total current assets | 237 | 235 | 226 | 186 | 205 | |
| Property and equipment, net | 2,163 | 2,273 | 2,238 | 2,173 | 2,222 | |
| Lease right-of-use assets | 14 | 14 | 17 | 18 | 20 | |
| Identifiable intangible assets, net | 187 | 216 | 246 | 275 | 304 | |
| Other assets | 20 | 7 | 10 | 13 | 16 | |
| Total assets | 2,620 | 2,746 | 2,737 | 2,666 | 2,768 | |
| Accrued liabilities | 94 | 99 | 85 | 76 | 114 | |
| Deferred revenue | 65 | 64 | 63 | 62 | 51 | |
| Total current liabilities | 187 | 191 | 188 | 174 | 188 | |
| Long-term debt, net | 2,524 | 2,503 | 2,336 | 2,107 | 1,973 | |
| Operating lease liabilities | 11 | 12 | 15 | 16 | 19 | |
| Other liabilities | 11 | 13 | 11 | 8 | 10 | |
| Total liabilities | 2,732 | 2,718 | 2,554 | 2,305 | 2,190 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred Units | 0 | 169 | 476 | 477 | 477 | |
| Common units, 126,795,135 and 117,314,783 units issued and outstanding, respectively | −113 | −141 | −293 | −125 | 87 | |
| Total liabilities, Preferred Units, and partners deficit | 2,620 | 2,746 | 2,737 | 2,666 | 2,768 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Provision for expected credit losses | 0 | 630,000 | 2 | −700,000 | −3 | |
| Amortization of debt issuance costs | 9 | 9 | 7 | 7 | 10 | |
| Unit-based compensation expense | 4 | 17 | 22 | 16 | 16 | |
| Deferred income tax expense (benefit) | 466,000 | 574,000 | −52,000 | −151,000 | −42,000 | |
| Change in fair value of derivative instrument | 0 | 1 | −1 | 0 | 0 | |
| Accounts receivable and related-party receivables, net | 7 | 6 | −13 | 30 | 145,000 | |
| Inventories | −41 | −102 | −77 | −32 | −13 | |
| Prepaid expenses and other current assets | 920,000 | −1 | −2 | −3 | −4 | |
| Other assets | −4 | 4 | 4 | 3 | 3 | |
| Accounts payable | −729,000 | −4 | 523,000 | 8 | 9 | |
| Accrued liabilities and deferred revenue | 8 | 36 | 4 | −38 | −5 | |
| Other liabilities | −17,000 | 410,000 | 0 | 0 | 0 | |
| Net cash provided by operating activities | 394 | 341 | 272 | 261 | 265 | |
| Capital expenditures, net | −117 | −205 | −239 | −134 | −45 | |
| Proceeds from disposition of property and equipment | 2 | 1 | 5 | 4 | 4 | |
| Proceeds from insurance recovery | 68,000 | 2 | 535,000 | 597,000 | 2 | |
| Net cash used in investing activities | −115 | −202 | −233 | −130 | −39 | |
| Proceeds from revolving credit facility | 1,795 | 1,118 | 1,089 | 845 | 698 | |
| Proceeds from issuance of senior notes | 750 | 1,000 | 0 | 0 | — | |
| Payments on revolving credit facility | −1,773 | −1,218 | −863 | −715 | −655 | |
| Repayments of Senior Debt | −750 | 0 | 0 | — | — | |
| Investments in government securities in connection with legal defeasance of the Senior Notes 2026 | 0 | −749 | 0 | 0 | — | |
| Cash paid related to net settlement of unit-based awards | −9 | −5 | −6 | −3 | −3 | |
| Deferred financing costs | −18 | −19 | −379,000 | −549,000 | −10 | |
| Other | −372,000 | −2 | −489,000 | −518,000 | −558,000 | |
| Net cash used in financing activities | −271 | −139 | −39 | −131 | −226 | |
| Increase (decrease) in cash and cash equivalents | 9 | 3,000 | −24,000 | 35,000 | −2,000 | |
| Interest Paid, Excluding Capitalized Interest, Operating Activity | 181 | 154 | 164 | 129 | 121 | |
| Income Taxes Paid | 2 | 1 | 1 | 887,000 | 819,000 | |
| Distribution Made to Member or Limited Partner Non Cash Distributions Paid | 192,000 | 2 | 2 | 2 | 2 | |
| Transfers to from inventory to property and equipment | 37 | 79 | 55 | 22 | 11 | |
| Increase (Decrease) in Capital Expenditures Incurred but Not yet Paid | 787,000 | −9 | 4 | 7 | 720,000 | |
| Financing Costs Included In Accounts Payable And Accrued Liabilities | 61,000 | 14,000 | 125,000 | −265,000 | 391,000 | |
| Non Cash Exercise And conversion Of Warrants Into Common Units | 0 | 0 | 9 | 5 | 0 | |
| Exercise And Conversion Of Preferred Units | 164 | 301 | 0 | 0 | — | |
| Government Securities Transferred In Connection With The Legal Defeasance Of Debt | 0 | 749 | 0 | 0 | — | |
| Legal Defeasance Of Debt | 0 | 725 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is USA Compression Partners, LP's CIK number?
USA Compression Partners, LP's SEC CIK number is 0001522727 (1522727). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find USA Compression Partners, LP's SEC filings?
All of USA Compression Partners, LP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did USA Compression Partners, LP last report earnings?
USA Compression Partners, LP (USAC) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001522727-26-000042). This is USA Compression Partners, LP's most recent earnings filing of record — not a forecast of its next earnings date.
What is USA Compression Partners, LP's most recent earnings 8-K?
USA Compression Partners, LP's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001522727-26-000042. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View USA Compression Partners, LP's latest earnings 8-K →
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