Invesco Ltd. reported beneficial ownership of 12,176,902 partnership units of USA Compression Partners LP, representing 8.4% of the class as reported on 03/31/2026. The filing states these interests are held of record by clients of Invesco Ltd., with voting and dispositive power held solely by Invesco Ltd.
The filing notes that Invesco Advisers, Inc., a subsidiary, advises the Invesco SteelPath MLP Income Fund which owns 6.31% of the security, and that no single shareholder of that fund exceeds 5% economic ownership. The report is signed by Robert R. Leveille, Global Head of Compliance, on 05/06/2026.
Positive
None.
Negative
None.
Insights
Large passive stake reported by Invesco Ltd.; standard disclosure for a parent holding company.
The schedule shows Invesco Ltd. may be deemed to beneficially own 12,176,902 partnership units (8.4%). The filing attributes record ownership to client accounts, and states sole voting and dispositive power rests with Invesco Ltd.
Market impact depends on whether these are advisory-held client positions versus firm capital; subsequent Form 13D/13G amendments or trading disclosures would clarify changes in intent or activity.
Filing follows parent holding company reporting conventions and cites the advising subsidiary.
The report identifies Invesco Advisers, Inc. as the subsidiary related to the holdings, and includes the Investment Company Act carve-out for fund shareholders. Signatory details and the amendment number are provided, supporting regulatory traceability.
Investors seeking further clarity should watch for future amendments that would change ownership percentage or disclose trading intent; timing not specified in the excerpt.
Key Figures
Beneficial ownership:12,176,902 sharesPercent of class:8.4%Invesco SteelPath MLP Fund holding:6.31%+3 more
6 metrics
Beneficial ownership12,176,902 sharesreported as of 03/31/2026
Percent of class8.4%ownership percentage reported in Schedule 13G/A
Invesco SteelPath MLP Fund holding6.31%Fund ownership reported in Item 6
Signature date05/06/2026report signed by Robert R. Leveille
Sole voting power12,176,902shares with sole power to vote
Key Terms
beneficially own, sole dispositive power, Investment Company Act, Schedule 13G/A, +1 more
5 terms
beneficially ownregulatory
"may be deemed to beneficially own 12,176,902 shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 12,176,902"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Investment Company Actregulatory
"investment company registered under the Investment Company Act of 1940"
The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.
Schedule 13G/Aregulatory
"Item 1. Name of issuer: USA Compression Partners (Schedule 13G/A amendment)"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
parent holding companyfinancial
"Invesco Ltd., in its capacity as a parent holding company"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7)
USA Compression Partners LP
(Name of Issuer)
Partnership Interest
(Title of Class of Securities)
90290N109
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
90290N109
1
Names of Reporting Persons
Invesco Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
12,176,902.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
12,176,902.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,176,902.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.4 %
12
Type of Reporting Person (See Instructions)
HC, IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
USA Compression Partners LP
(b)
Address of issuer's principal executive offices:
8115 PRESTON ROAD, Suite 700, DALLAS, TX 75225
Item 2.
(a)
Name of person filing:
Invesco Ltd. ("Invesco Ltd.")
(b)
Address or principal business office or, if none, residence:
1331 Spring Street NW, Suite 2500, Atlanta, GA 30309
(c)
Citizenship:
Bermuda
(d)
Title of class of securities:
Partnership Interest
(e)
CUSIP No.:
90290N109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Invesco Ltd., in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 12,176,902 shares of the Issuer which are held of record by clients of Invesco Ltd.
(b)
Percent of class:
8.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
12,176,902
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
12,176,902
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Invesco Advisers, Inc. is a subsidiary of Invesco Ltd. and it advises the Invesco SteelPath MLP Income Fund which owns 6.31% of the security reported herein. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Invesco Advisers, Inc.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Invesco Ltd. report in USA Compression Partners (USAC)?
Invesco Ltd. reports beneficial ownership of 12,176,902 partnership units, representing 8.4% of the class. The filing states the units are held of record by clients of Invesco Ltd., with sole voting and dispositive power reported by Invesco Ltd.
Does the filing identify which subsidiary holds the USAC securities?
Yes. The filing identifies Invesco Advisers, Inc. as the subsidiary related to the reported holdings. It also explains the Invesco SteelPath MLP Income Fund is advised by that subsidiary and holds 6.31% of the security.
When were these ownership figures reported and signed?
The ownership amount is tied to 03/31/2026 and the amendment is signed on 05/06/2026 by Robert R. Leveille, Global Head of Compliance. Those dates appear in the schedule's ownership and signature sections.
Do any individual shareholders have more than 5% economic ownership?
The filing states no one individual has greater than 5% economic ownership of the Invesco SteelPath MLP Income Fund. The fund's shareholders, not individual investors, hold the right to dividends and sale proceeds for the reported units.
What voting and dispositive powers does Invesco Ltd. claim over the USAC units?
Invesco Ltd. reports sole voting power of 12,176,902 and sole dispositive power of 12,176,902 units, with 0 shared voting or dispositive power. These figures are stated in the Ownership section of the schedule.
