USA Compression Partners LP
investors.usacpartners.comWhat Do They Do?
Provides natural gas compression and treating services to energy producers and midstream companies, helping move gas through gathering and processing systems and support crude-oil production.
10-K for FY2025, filed Feb 17, 2026We provide compression services to our customers primarily in connection with infrastructure applications, including both allowing for the…View ↗
Our business includes compression services serving infrastructure applications, including centralized natural gas gathering systems and…View ↗
We provide compression services to major oil companies and independent producers, processors, gatherers and transporters of natural gas and…View ↗
We also own and operate a fleet of equipment used to provide natural gas treating services, such as carbon dioxide and hydrogen sulfide…View ↗
How Do They Make Money?
Contracted compression, gas treating and maintenance bring in most revenue through fixed monthly fees, generally billed one month in advance; parts and extra maintenance are billed on completion or delivery.
10-K for FY2025, filed Feb 17, 2026
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10-K for FY2025, filed Feb 17, 2026
FY2025 revenue by product or service ↗
$998.1M
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10-K for FY2025, filed Feb 17, 2026
$998.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Contract operations revenue
Recurring
10-K for FY2025, filed Feb 17, 2026 |
97%
FY2022: 98%
|
Contract operations revenue, FY2025
$971.6M Sources
|
Recurring |
|
Retail parts and services revenue
Sold outright
|
2.7%
FY2022: 2.2%
|
Retail parts and services revenue, FY2025
$26.5M Sources
|
Sold outright |
Who Are Their Customers?
Customers include major oil companies and independent producers, as well as midstream companies that process, gather, or transport natural gas and crude oil.
10-K for FY2025, filed Feb 17, 2026
10-K for FY2025, filed Feb 17, 2026
One customer accounted for approximately 11% and 12% of total revenue for the years ended December 31, 2025 and 2024, respectively. No…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 11 cents of every revenue dollar as net income in FY2025 and turned 28 cents into free cash flow.
10-K for FY2025, filed Feb 17, 2026
$306.5MView ↗
10-K for FY2025, filed Feb 17, 2026
$111.3MView ↗
10-K for FY2025, filed Feb 17, 2026
$277MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Sep 3, 2026
Plans move of common-unit listing from New York Stock Exchange to Texas Stock Exchange
The partnership expects trading on the New York Stock Exchange to end before trading begins on the Texas Stock Exchange.
Sources
8-K, filed Sep 10, 2026
On September 3, 2026, USA Compression Partners, LP (the “Partnership”) approved the voluntary withdrawal of its common units representing…View ↗
Growing. Revenue grew 58% in 4 years, from $632.6M in FY2021 to $998.1M in FY2025, about 12% a year.
Adds compression-unit manufacturing
The older report said the partnership did not own compression fabrication facilities. The latest report says the J-W Power acquisition added specialized facilities that make compression units for its own needs and third-party customers.
10-K for FY2022, filed Feb 14, 2023 10-K for FY2025, filed Feb 17, 2026We provide compression services for a fixed monthly service fee. As part of our services, we engineer, design, operate, service, and repair…View ↗
The J-W Power Acquisition added approximately 0.8 million active horsepower and 1.0 million total horsepower to our fleet across key…View ↗
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