USA Compression Partners, LP entered into a purchase agreement to issue and sell $750.0 million of 6.250% senior notes due 2033 in a private offering. The notes, guaranteed on a senior unsecured basis by key subsidiaries, will be sold at par and are expected to generate approximately $742.5 million in net proceeds at closing, expected on or about September 24, 2025, subject to customary conditions.
The partnership plans to use the proceeds, along with borrowings under its credit agreement, to redeem all of its 6.875% senior notes due 2027 and pay related fees and expenses, with any interim proceeds potentially used to repay borrowings under its credit facility. The notes are being offered under exemptions from SEC registration to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and the issuers and guarantors have agreed to a 90‑day restriction on issuing additional debt securities without the representative’s consent.
USA Compression Partners, LP filed a current report to inform investors that senior management will attend the Barclays 39th Annual Energy-Power Conference on September 3. During the event, management plans to hold a series of meetings with members of the investment community.
The company states that the presentation materials used in these meetings will be posted on its website in the Investor Relations section under “Presentations” before the investor meetings. It also notes that the posted information may be supplemented by future press releases and periodic reports, and includes a standard reminder that any forward-looking statements are subject to risks and uncertainties discussed in its SEC filings.
USA Compression Partners LP discloses terms of an amended credit agreement that defines borrowing base and pricing. Eligible receivables and certain inventory and compression units are included in the borrowing base at specified advance rates: 80% of eligible finished goods and heavy component inventory valued at cost and 80% of eligible compression units not yet subject to a valuation report; other eligible collateral is included on a first-in-first-out basis, less reserves the Administrative Agent may set. Interest options include Daily Simple SOFR, SOFR plus a margin, one-month SOFR for swingline loans, and an Alternate Base Rate (the greatest of prime, federal funds +0.50%, or one-month SOFR +1.00%). Applicable margins range from 1.75% to 2.50% for SOFR-based loans and 0.75% to 1.50% for Alternate Base Rate and one-month SOFR loans, set by a total leverage ratio pricing grid. A 0.25% commitment fee applies to the daily unused amount. Borrowings repaid may be reborrowed subject to borrowing base availability.
Christopher J. Wauson, Vice President and Chief Operating Officer of USA Compression GP, LLC, reported an award of 20,000 restricted common units of USA Compression Partners, LP (USAC) on 08/12/2025. The units were granted at $0 under the Issuer's Long-Term Incentive Plan and increase the reporting person’s beneficial ownership to 44,585 common units. The restricted units vest 60% on December 5, 2027 and 40% on December 5, 2029, and vesting is generally contingent on continued employment with the Issuer or its affiliates.
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.
USA Compression Partners, LP (NYSE: USAC) has filed a Form 8-K to provide a Regulation FD update. The partnership’s senior management will attend the J.P. Morgan Energy, Power, Renewables and Mining Conference on June 25, 2025. During the conference they will conduct one-on-one and small-group meetings with the investment community.
Management stated that the slide deck and any other materials used at the conference will be made available in the Investor Relations section of usacompression.com under “Presentations” prior to the meetings. No new financial results, transactions, or strategic initiatives were disclosed in the filing, and the company explicitly noted that it does not commit to updating the posted materials except through subsequent public filings or press releases. The filing also contains customary forward-looking statement disclaimers referencing risks detailed in the partnership’s most recent 10-K and 10-Q reports.
Key take-away for investors: the filing is informational rather than transactional—its primary purpose is to alert the market to upcoming investor outreach and the availability of presentation materials. There are no quantitative updates, capital allocation changes, or guidance revisions included.