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USA Compression Partners, LP (USAC)

As-reported financials and SEC filings for USA Compression Partners, LP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About USA Compression Partners, LP

USA Compression Partners, LP provides natural gas compression services primarily for infrastructure applications, including processing and transportation of natural gas and enhancing crude oil production through artificial lift processes. The company operates a fleet of compression units across various U.S. shale plays and serves major oil companies, independent producers, processors, gatherers, and transporters of natural gas and crude oil. It also offers natural gas treating services and owns manufacturing facilities for compression units following its acquisition of J-W Power Company.

Snapshot

Revenue
$998.1M
Revenue growth (YoY)
5.0%
Net income
$111.3M
Diluted EPS
Gross margin
Operating margin
30.7%
Net margin
11.2%
FCF margin
27.8%
ROE
net income / fiscal-year-end equity
P/E
25.3×
trailing when available, otherwise FY EPS
Market cap
$3.92B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at USA Compression Partners

  • Revenue grew 5.0% to $998M in FY2025, slower than the 12.3% the year before.
  • Operating margin is 30.7% in FY2025, +8.4 pp against 22.3% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $342M, up 36.8% from Q2 FY2025.
  • Free cash flow was $277M in FY2025, 27.8% of revenue.
  • Net income rose 11.8% to $111M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where USA Compression Partners’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin30.7%
84th percentile of 86
Net margin11.2%
43rd percentile of 91
FCF margin27.8%
99th percentile of 76
Revenue growth (YoY)+5.0%
32nd percentile of 94
P/E25.3×
77th percentile of 83
Short interest6.32d
67th percentile of 98

USA Compression Partners’s FCF margin of 27.8% ranks in the 99th percentile of the 76 Utilities companies reporting it.

2 reported insider purchases (code P) totaling $262,200 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 quant / multi-strat book among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+1 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
0
0 trimmed, 0 exited
Combined position
$9.2M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$9.2M348.8KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
2
1 insider
Bought (90d)
$262K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
filed 2026-08-24
Whitehurst Bradford D.DirectorBuy6.0K$26.10$157K
2026-08-20
filed 2026-08-24
Whitehurst Bradford D.DirectorBuy4.0K$26.40$106K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.0M
settled 2026-08-14
Change vs prior
-11.1%
vs previous settlement
Days to cover
6.32
at avg daily volume
Avg daily volume
317.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.0M-11.1%6.32
2026-07-312.3M-13.9%11.24
2026-07-152.6M+8.9%13.71
2026-06-302.4M-7.0%6.38
2026-06-152.6M+1.3%11.70
2026-05-292.6M-4.6%12.37
2026-05-152.7M+3.9%12.23
2026-04-302.6M-3.9%14.73

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$998.1M$950.4M$846.2M$704.6M$632.6M
Gross profit
Operating income$306.5M$294.4M$232.0M$169.3M$140.9M
Net income$111.3M$99.6M$68.3M$30.3M$10.3M
Diluted EPS

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$8.6M$14,000$11,000$35,000$0
Current assets$236.6M$235.0M$226.4M$186.4M$205.0M
Total assets$2.62B$2.75B$2.74B$2.67B$2.77B
Current liabilities$186.9M$190.7M$187.5M$173.7M$187.6M
Long-term debt$2.52B$2.50B$2.34B$2.11B$1.97B
Total liabilities$2.73B$2.72B$2.55B$2.30B$2.19B
Total equity

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$394.3M$341.3M$271.9M$260.6M$265.4M
Capital expenditure$117.3M$204.9M$238.5M$134.2M$45.2M
Free cash flow$277.0M$136.5M$33.4M$126.4M$220.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$342.1M36.8%$45.7M
Q1 FY2026$331.3M35.1%$38.3M
Q4 FY2025$252.5M2.7%$27.8M
Q3 FY2025$250.3M4.3%$34.5M
Q2 FY2025$250.1M6.3%$28.6M
Q1 FY2025$245.2M7.0%$20.5M
Q4 FY2024$245.9M9.3%$25.4M
Q3 FY2024$240.0M10.5%$19.3M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryNatural Gas Transmission
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2011
SEC CIK1522727

Selected SEC filings

10-K2026-02-17
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K12B2026-07-06
View on EDGAR →
8-K2026-07-06
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.