USA Compression Partners LP (NYSE: USAC) is a midstream energy master limited partnership that provides natural gas compression services to oil and gas producers, gatherers, and pipelines. Revenue comes primarily from fee-based contracts under which customers pay for compression and related services, generating $65.0 million from Energy Transfer-affiliated entities alone in full-year 2025. The partnership is structured as a limited partnership, with USA Compression GP, LLC serving as general partner and Energy Transfer holding a material common unit position. USAC entered into a Stock Purchase Agreement dated November 29, 2025 to acquire J-W Power Company, indicating active fleet expansion through acquisition. The partnership's credit facility was amended and restated as of August 27, 2025, with JPMorgan Chase Bank, N.A. as administrative agent, reflecting a capital-intensive, debt-funded operating model. Distributions to Energy Transfer on common units totaled $96.7 million in 2025. The partnership is organized in Delaware and its common units are registered under File No. 001-35779.

Revenue model

Fee-based compression services contracts. Customers pay for natural gas compression and related services. Energy Transfer-affiliated entities generated $65.0 million in compression services revenue in full-year 2025 (per 10-K filed 2026-02-17).

Products and services

Natural gas compression services and related services. The partnership also entered a Stock Purchase Agreement on November 29, 2025 to acquire J-W Power Company, a compression services business.

Customers and end markets

Oil and gas producers, gatherers, and pipeline operators. Energy Transfer and its affiliates are a material customer, generating $65.0 million in compression services revenue in full-year 2025.

Value-chain role

Midstream service provider. USAC owns and operates compression equipment deployed at customer sites along the natural gas gathering and transportation value chain.

Geographic exposure

United States. Specific geographic breakdown not detailed in the filing excerpts provided.

Source: SEC 10-K, filed 2026-02-17

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