Every 10-Q that USA COMPRESSION PTNRS LP (USAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow USAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full USAC filings page.
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.
USA Compression Partners LP delivered strong first‑quarter 2026 growth, boosted by its acquisition of J‑W Power. Revenue rose to $331.3 million from $245.2 million, while net income nearly doubled to $38.3 million from $20.5 million. The J‑W Power deal totaled about $911.6 million, split between $455.0 million in cash and 18.2 million common units, adding roughly 1.0 million total horsepower and new manufacturing capabilities.
Total debt increased to $3.0 billion, including $1.25 billion drawn under the revolving credit facility and $1.75 billion of senior notes. Adjusted EBITDA reached $188.6 million and Distributable Cash Flow was $130.8 million, giving a 1.72x coverage ratio on the quarterly cash distribution of $0.525 per unit, which the partnership maintained.
USA Compression Partners (USAC) reported stronger Q3 2025 results. Revenue rose to $250.3 million from $240.0 million, and net income increased to $34.5 million from $19.3 million. Basic EPS was $0.27 (diluted $0.26). Contract operations revenue grew 3.4% as average revenue per horsepower rose 4.2%, while parts and service declined modestly.
Operating income improved to $83.9 million, helped by lower fluids expense and stable utilization, offset by higher depreciation and SG&A tied to personnel changes and integration costs. The partnership declared a $0.525 per‑unit common distribution and maintained quarterly preferred distributions of $24.375 per unit.
USAC extended its capital structure: it issued $750.0 million Senior Notes due 2033 at 6.250% and subsequently redeemed the 2027 notes at par on October 15, 2025. The amended revolving credit facility provides up to $1.75 billion; period-end borrowings were $54.7 million with weighted-average interest of 7.35%. Preferred units outstanding decreased to 80,000 after 100,000 converted into 4,997,126 common units. Remaining contract performance obligations totaled $1.164 billion.
USA Compression Partners, LP reported total revenues of $250.1 million for the quarter ended June 30, 2025, up from $235.3 million a year earlier, driven by a 5.0% increase in average revenue per revenue-generating horsepower and modest growth in average revenue-generating horsepower. Adjusted EBITDA for the quarter was $149.5 million and distributable cash flow (DCF) was $89.9 million, supporting a DCF coverage ratio of 1.40x. Net income was $28.6 million for the quarter, with net income attributable to common unitholders of $26.6 million and basic net income per unit of $0.22.
Balance sheet and cash-flow highlights include total assets of $2.67 billion, long-term debt net of $2.50 billion, preferred units of $73.4 million, and cash of $2 thousand at June 30, 2025. The partnership converted 100,000 Preferred Units into 4,997,126 common units in June 2025, reducing preferred outstanding. The quarter included impairments of $3.2 million related to retired compression units and $47.7 million of net interest expense. Operating cash flow for the six months was $178.9 million, while investing used $40.4 million and financing used $138.5 million.