Welcome to our dedicated page for Usa Compression Partners Lp SEC filings (Ticker: USAC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
USA Compression Partners LP filings document the partnership's natural gas compression services business, operating results, limited partnership governance, and capital structure. Form 8-K reports include quarterly financial and operating results, Regulation FD investor materials, distribution-related disclosures, and material events affecting the partnership or its general partner.
The filing record also covers board changes at USA Compression GP, LLC, acquisition agreements and related registration rights from the completed J-W Energy and J-W Power transaction, shareholder voting and governance matters, and annual Form 10-K disclosures. These documents describe the partnership's compression fleet, customer base, cash flow measures, risk factors, ownership structure, and common-unit obligations.
USA Compression Partners, LP insider activity: A senior officer reported multiple transactions in common units and related phantom units on 12/19/2025. The officer acquired 18,568 and 24,458 common units through the settlement of phantom units and sold 9,284 and 12,229 common units at a price of $24.27 per unit. After these transactions, the officer directly held 148,001 common units.
The filing also shows phantom units that were originally granted on December 5, 2020 and December 5, 2022. One grant vested in full on December 5, 2025, while another vests 60% on December 5, 2025 and 40% on December 5, 2027. Each phantom unit is economically equivalent to one common unit, and any unvested phantom units are forfeited if the officer’s service ends.
USA Compression Partners insider activity: A senior officer of USA Compression Partners, LP reported transactions in common units tied to vesting of phantom units on 12/19/2025. The officer acquired 8,038 common units and 13,065 common units through the settlement of phantom units, then disposed of 4,019 units and 6,533 units at a price of $24.27 per unit. Following these transactions, the officer directly beneficially owned 89,711 common units.
Each phantom unit is economically equivalent to one common unit. A 2020 phantom unit grant vested in full on 12/5/2025, and a 2022 grant vests 60% on 12/5/2025 and 40% on 12/5/2027. Unvested phantom units are forfeited if the officer’s service ends.
USA Compression Partners, LP reported an equity compensation grant to an officer. On December 5, 2025, a vice president and controller of the general partner received 11,250 common units as restricted units at a stated price of $0, increasing their directly held units to 37,280 after the transaction. These restricted units are scheduled to vest 60% on December 5, 2028 and 40% on December 5, 2030, contingent on continued employment.
The officer also received 3,750 cash units under a long-term cash restricted unit plan, with one-third vesting on each of December 5, 2026, December 5, 2027, and December 5, 2028, again subject to continued employment. These cash units, which correspond to common units for valuation purposes, will be settled solely in cash based on the average closing price of the common units over the ten trading days preceding each vesting date, and contributed to total derivative securities beneficially owned of 5,437.
USA Compression Partners, LP granted equity and cash-based awards to a senior officer on December 5, 2025. The officer received 34,575 restricted common units at a price of $0, increasing direct beneficial ownership to 79,160 common units. These restricted units vest 60% on December 5, 2028 and 40% on December 5, 2030, contingent on continued employment.
The officer was also granted 11,525 cash units under the long-term cash restricted unit plan, with one-third scheduled to vest on each of December 5, 2026, 2027, and 2028, subject to continued employment. These cash units will be settled solely in cash based on the fair market value of the issuer’s common units at each vesting date, and 14,895 derivative securities are reported as beneficially owned following the transactions.
USA Compression Partners, LP reported new equity and cash-based awards to a senior executive. On December 5, 2025, the executive received 36,600 common units as an award of restricted units at a price of $0, increasing their directly held beneficial ownership to 92,850 common units. These restricted units are scheduled to vest 60% on December 5, 2028 and 40% on December 5, 2030, generally requiring continued employment through each vesting date.
The executive was also granted 12,200 cash units under the Long-Term Cash Restricted Unit Plan. These cash units are scheduled to vest in three equal installments on December 5, 2026, December 5, 2027, and December 5, 2028, and will be settled solely in cash based on the average closing price of the issuer’s common units over the ten trading days before each vesting date.
USA Compression Partners, LP reported an equity and cash-based compensation grant to a senior executive. On December 5, 2025, the officer received 102,525 common units at a price of $0, increasing beneficial ownership to 186,795 common units held directly. These restricted units vest 60% on December 5, 2028 and 40% on December 5, 2030, generally contingent on continued employment. The executive also received 34,175 cash units under a long‑term cash plan, scheduled to vest in three equal installments on December 5, 2026, December 5, 2027, and December 5, 2028. These cash units are settled solely in cash based on the average closing price of the underlying common units over the ten trading days before each vesting date, and the executive now beneficially owns 52,902 derivative securities directly.
USA Compression Partners, LP reported an equity award to a senior executive. On December 5, 2025, the Vice President, General Counsel and Secretary of USA Compression GP, LLC, the general partner of USA Compression Partners, received 35,400 restricted common units under the USA Compression Partners, LP Long-Term Incentive Plan. These units are scheduled to vest 60% on December 5, 2028 and 40% on December 5, 2030, generally requiring continued employment through each vesting date.
The executive also received an award of 11,800 cash units under the USA Compression Partners, LP Long-Term Cash Restricted Unit Plan. These cash units are scheduled to vest in three equal installments on December 5, 2026, December 5, 2027, and December 5, 2028, with payment in cash based on the average closing price of USA Compression’s common units during the ten trading days before each vesting date.
USA Compression Partners, LP announced that senior management will attend two upcoming investor conferences: the Mizuho Power, Energy & Infrastructure Conference on December 8 and the Wells Fargo 24th Annual Energy & Power Symposium on December 9. During these events, leaders of the partnership plan to meet with members of the investment community to discuss the business.
The partnership will post the presentation materials used in these meetings on its website in the Investor Relations section under “Events and Presentations” before the investor meetings begin. The company notes that it does not commit to updating the posted information, though additional materials from future press releases and periodic reports may also be added.
USA Compression Partners, LP announced that it agreed to acquire J-W Energy Company from Westerman, Ltd. for total consideration of approximately $860.0 million. The deal will be funded with $430.0 million in cash at closing and approximately 18.3 million common units valued at about $430.0 million, which will be issued as equity to the seller.
The acquisition is expected to close in the first quarter of 2026, subject to customary conditions, including accurate representations and warranties, performance of obligations, no legal restraints, and no material adverse effect on the seller and its subsidiaries. The buyer may owe a $5.0 million termination fee to the seller under specified circumstances if the agreement is terminated.
At closing, the seller will receive registration rights for the new common units and is subject to lock-up restrictions, limiting the sale of 50% of those units for six months and the remaining 50% for 12 months. The seller will also gain the right to appoint a non-voting board observer to the general partner’s board for one year after closing.
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.