For USA Compression Partners, LP (USAC), ALPS Advisors, Inc. reported beneficial ownership of 21,084,981 common units (14.55% of the class); Alerian MLP ETF separately reported beneficial ownership of 21,063,241 common units (14.53% of the class). ALPS states that the securities reported are owned by the Funds it advises and disclaims beneficial ownership; Alerian MLP ETF is one of those Funds.
USA Compression Partners, LP (USAC) completed internal reorganization transactions on October 1, 2026, issuing 34,467,347 newly created Class A units to J-W Energy Company as consideration for its contribution of interests in a wholly owned subsidiary. J-W Energy is an indirect wholly owned subsidiary of the Partnership. The Class A units were valued at $26.7206 each, based on the Partnership’s common-unit volume-weighted average price over the 15-day trading period ending September 25, 2026.
The units carry distributions of available cash at a fixed rate of 9.25% per annum, or 2.3125% per quarter, of the issue price. This excludes available cash attributable to distributions or dividends from J-W Energy or its subsidiaries, sales of their capital stock, and interest payments on their indebtedness. The units are not convertible or exchangeable, are non-redeemable, will not trade on a public securities market, and generally have no voting rights except as required by law or the partnership agreement.
USA Compression Partners, LP submitted a Form 25 notification to remove its common units from listing and registration on the New York Stock Exchange. It certified that it had reasonable grounds to believe it met the requirements for submitting the notification.
USA Compression Partners, LP and its wholly-owned subsidiary, USA Compression Finance Corp., issued $600,000,000 aggregate principal amount of 6.750% senior notes due 2035 on September 18, 2026. Existing subsidiaries other than Finance Corp. and certain future restricted subsidiaries guarantee the notes jointly and severally on a senior unsecured basis.
Interest accrues from September 18, 2026, at 6.750% per year and is payable semi-annually in arrears on April 1 and October 1, beginning April 1, 2027. Net proceeds will be used to repay outstanding borrowings under the Partnership’s credit agreement and pay offering fees and expenses.
USA Compression Partners, LP (USAC) entered into a purchase agreement to issue and sell, together with its wholly owned subsidiary USA Compression Finance Corp., $600.0 million aggregate principal amount of 6.750% senior unsecured notes due 2035 in a private placement to initial purchasers at par. The notes will be guaranteed on a senior unsecured basis by the partnership’s existing and certain future restricted subsidiaries. The transaction is expected to close on or about September 18, 2026, subject to customary closing conditions, and is expected to provide net proceeds of approximately $592.1 million. USA Compression Partners plans to use the net proceeds to repay outstanding borrowings under its credit agreement and to pay offering-related fees and expenses. The notes will be offered under exemptions from registration to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S and will not be listed on any securities exchange.
USA Compression Partners, LP (USAC) has approved a voluntary transfer of the listing of its common units from the New York Stock Exchange to the Texas Stock Exchange. Trading of the common units on the NYSE is expected to end at market close on October 2, 2026, and begin on the TXSE at market open on October 5, 2026.
The ticker symbol USAC will remain unchanged on the TXSE, and the partnership states that no action is required by unitholders in connection with the transfer. USA Compression describes the move as aligning its Texas-based legacy with TXSE’s technology-driven platform and supporting its continued growth.
USA Compression Partners, LP (USAC) is reported as having 12.59% of its common units beneficially owned by ALPS Advisors, Inc. and Alerian MLP ETF, according to an Amendment No. 8 to a Schedule 13G filing as of June 30, 2026.
Both ALPS Advisors, Inc. and Alerian MLP ETF report 18,253,585 common units with shared voting and dispositive power and no sole voting or dispositive power. The units are held by registered investment company funds advised by ALPS Advisors, which disclaims beneficial ownership outside Section 13(d) reporting.
USA Compression Partners, LP (USAC) director Bradford D. Whitehurst reported open-market purchases of the issuer’s common units. On August 20, 2026 he purchased 4,000 Common Units at $26.40 per unit, and on August 21, 2026 he purchased an additional 6,000 Common Units at $26.10 per unit. A related footnote states that his common unit holdings include units acquired under the issuer’s Distribution Reinvestment Plan.
USA Compression Partners, LP common unitholder Westerman Interests, Inc. and Westerman, Ltd. report beneficial ownership of 9,072,258 Common Units, or 6.3% of outstanding units. The stake stems from the January 12, 2026 acquisition of J-W Energy Company for $860.0 million, split between $430.0 million in cash and $430.0 million in Common Units.
On July 13, 2026, Westerman, Ltd. surrendered 30,807 Adjustment Common Units for cancellation under post-closing adjustment provisions. On August 11, 2026, it sold 9,072,258 Common Units in a private Rule 144 transaction at $23.75 per unit for gross proceeds of approximately $215,466,127.50. The parties describe the investment as for investment management purposes and outline lock-up style transfer restrictions, registration rights for resale, and a short-term non-voting board observer right.
USA Compression Partners, LP reported materially higher results for the quarter and six months ended June 30, 2026, driven by the J‑W Power Company acquisition and higher contractual rates. Q2 2026 revenues were $342.1 million, up 36.8% year over year, and net income was $45.7 million, up 59.9%.
For the first half of 2026, revenues reached $673.4 million and net income $84.0 million, increases of 35.9% and 71.2% versus 2025. Adjusted EBITDA rose to $193.2 million in Q2 and $381.8 million year‑to‑date, while Distributable Cash Flow increased to $125.3 million in Q2 and $256.1 million year‑to‑date, with higher DCF coverage ratios.
The J‑W Power Acquisition totaled about $911.6 million in cash and equity and added roughly 1.0 million total horsepower plus specialized manufacturing, contributing to fleet horsepower of 4,952,190 and stronger parts and service revenue. Long‑term debt was $2.94 billion, including $1.21 billion drawn on a $1.75 billion revolving credit facility. The partnership maintained a quarterly cash distribution of $0.525 per common unit.