USA Compression Partners LP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), USA Compression Partners LP reported revenue of $998.1M (+5.0% year on year) and net income of $111.3M (+11.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $998.1M | $950.4M | $846.2M | $704.6M |
| Cost of operations, exclusive of depreciation and amortization | $328.8M | $312.7M | $284.7M | $234.3M |
| Depreciation and amortization | $284.8M | $264.8M | $246.1M | $236.7M |
| Selling, general, and administrative | $66.3M | $72.7M | $72.7M | $61.3M |
| Loss (gain) on disposition of assets | $3.8M | $4.9M | ($1.7M) | $1.5M |
| Impairment of assets | $7.8M | $913.0K | — | — |
| Total costs and expenses | $691.6M | $656.0M | $614.2M | $535.3M |
| Operating income | $306.5M | $294.4M | $232.0M | $169.3M |
| Interest expense, net | ($187.4M) | ($193.5M) | ($169.9M) | ($138.1M) |
| Loss on extinguishment of debt | ($3.0M) | ($5.0M) | — | — |
| Gain on derivative instrument | $0 | $5.7M | $7.4M | — |
| Other | $97.0K | $110.0K | $127.0K | $91.0K |
| Total other expense | ($190.3M) | ($192.6M) | ($162.3M) | ($138.0M) |
| Income before income tax expense | $116.2M | $101.8M | $69.6M | $31.3M |
| Income tax expense | $4.9M | $2.2M | $1.4M | $1.0M |
| Net income | $111.3M | $99.6M | $68.3M | $30.3M |
| Less: distributions on Preferred Units | ($8.3M) | ($17.6M) | ($47.8M) | ($48.8M) |
| Net income attributable to common unitholders’ interests | $103.0M | $82.0M | $20.5M | ($18.4M) |
| Weighted-average common units outstanding – basic (in units) | 120.8M | 113.4M | 98.6M | 97.8M |
| Weighted-average common units outstanding – diluted (in units) | 121.3M | 114.5M | 100.7M | 97.8M |
| Basic net income (loss) per common unit (in dollars per unit) | $0.85 | $0.72 | $0.21 | ($0.19) |
| Diluted net income (loss) per common unit (in dollars per unit) | $0.85 | $0.72 | $0.2 | ($0.19) |
| Distributions declared per common unit for respective periods (in dollars per unit) | $2.1 | $2.1 | $2.1 | $2.1 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $342.1M | $331.3M | $250.3M | $250.1M |
| Cost of operations, exclusive of depreciation and amortization | $124.8M | $117.9M | $77.0M | $86.5M |
| Depreciation and amortization | $89.1M | $87.1M | $71.2M | $70.8M |
| Selling, general, and administrative | $28.9M | $35.4M | $16.7M | $12.9M |
| (Gain) loss on disposition of assets | ($994.0K) | ($545.0K) | $830.0K | $39.0K |
| Impairment of assets | $0 | $4.0K | $622.0K | $3.2M |
| Total costs and expenses | $241.8M | $239.9M | $166.3M | $173.5M |
| Operating income | $100.4M | $91.4M | $83.9M | $76.6M |
| Interest expense, net | ($49.3M) | ($49.0M) | ($47.1M) | ($47.7M) |
| Loss on extinguishment of debt | $0 | ($1.0K) | $0 | $0 |
| Other | $6.0K | $20.0K | $24.0K | $16.0K |
| Total other expense | ($49.3M) | ($48.9M) | ($47.0M) | ($47.7M) |
| Net income before income tax expense | $51.1M | $42.5M | $36.9M | $28.9M |
| Income tax expense | $5.5M | $4.1M | $2.4M | $391.0K |
| Net income | $45.7M | $38.3M | $34.5M | $28.6M |
| Less: distributions on Preferred Units | $0 | $0 | ($1.9M) | ($1.9M) |
| Net income attributable to common unitholders’ interests | $45.7M | $38.3M | $32.5M | $26.6M |
| Weighted average common units outstanding - basic (in shares) | 145.0M | 142.8M | 122.7M | 119.0M |
| Weighted average common units outstanding - diluted (in shares) | 145.6M | 143.1M | 123.1M | 119.5M |
| Basic net income per common unit (in dollars per share) | $0.31 | $0.27 | $0.27 | $0.22 |
| Distributions declared per common unit for respective periods (in dollars per share) | $0.53 | $0.53 | $0.53 | $0.53 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $8.6M | $14.0K | $11.0K | $35.0K |
| Accounts receivable and related-party receivables | $82.5M | $89.1M | $95.4M | $83.8M |
| Inventories | $134.5M | $133.9M | $114.7M | $93.8M |
| Prepaid expenses and other assets | $11.0M | $12.0M | $10.6M | $8.8M |
| Total current assets | $236.6M | $235.0M | $226.4M | $186.4M |
| Property and equipment, net | $2.2B | $2.3B | $2.2B | $2.2B |
| Lease right-of-use assets | $13.7M | $14.3M | $17.3M | $18.2M |
| Identifiable intangible assets, net | $186.9M | $216.3M | $245.7M | $275.0M |
| Other assets | $20.1M | $6.6M | $9.7M | $13.1M |
| Total assets | $2.6B | $2.7B | $2.7B | $2.7B |
| Accounts payable | $28.1M | $27.4M | $39.8M | $35.3M |
| Accrued liabilities | $93.8M | $99.4M | $85.1M | $76.0M |
| Deferred revenue | $65.0M | $63.9M | $62.6M | $62.3M |
| Total current liabilities | $186.9M | $190.7M | $187.5M | $173.7M |
| Long-term debt, net | $2.5B | $2.5B | $2.3B | $2.1B |
| Operating lease liabilities | $10.7M | $11.7M | $14.7M | $16.1M |
| Other liabilities | $10.8M | $12.9M | $10.9M | $8.3M |
| Total liabilities | $2.7B | $2.7B | $2.6B | $2.3B |
| Preferred Units | $0 | $168.8M | $476.3M | $477.3M |
| Common units, 126,795,135 and 117,314,783 units issued and outstanding, respectively | ($112.5M) | ($141.1M) | ($293.3M) | ($125.1M) |
| Total liabilities, Preferred Units, and partners’ deficit | $2.6B | $2.7B | $2.7B | $2.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $9.5M | $14.5M | $0 | $2.0K |
| Accounts receivable and related-party receivables | $139.4M | $162.9M | $103.9M | $98.5M |
| Inventories | $159.4M | $154.4M | $137.4M | $135.6M |
| Prepaid expenses and other assets | $14.7M | $15.1M | $10.3M | $10.9M |
| Total current assets | $323.0M | $346.8M | $251.6M | $245.0M |
| Property and equipment, net | $3.0B | $3.0B | $2.2B | $2.2B |
| Lease right-of-use assets | $19.2M | $17.2M | $14.5M | $14.5M |
| Identifiable intangible assets, net | $176.7M | $184.5M | $194.2M | $201.6M |
| Other assets | $19.2M | $20.0M | $18.2M | $9.7M |
| Goodwill | $117.4M | $117.4M | — | — |
| Total assets | $3.7B | $3.7B | $2.7B | $2.7B |
| Accounts payable | $52.7M | $52.1M | $41.5M | $36.0M |
| Accrued liabilities | $112.8M | $91.0M | $78.4M | $92.4M |
| Deferred revenue | $74.6M | $81.2M | $64.9M | $64.5M |
| Total current liabilities | $240.1M | $224.2M | $184.8M | $192.9M |
| Long-term debt, net | $2.9B | $3.0B | $2.5B | $2.5B |
| Operating lease liabilities | $15.4M | $13.7M | $11.4M | $11.6M |
| Deferred income taxes | $196.5M | $194.5M | — | — |
| Other liabilities | $4.3M | $5.0M | $10.5M | $11.2M |
| Total liabilities | $3.4B | $3.4B | $2.7B | $2.7B |
| Common units, 144,974,152 and 126,795,135 units issued and outstanding, respectively | $287.1M | $316.7M | ($150.2M) | ($121.4M) |
| Total liabilities and partners’ capital (deficit) | $3.7B | $3.7B | $2.7B | $2.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $111.3M | $99.6M | $68.3M | $30.3M |
| Depreciation and amortization | $284.8M | $264.8M | $246.1M | $236.7M |
| Provision for expected credit losses | $0 | $630.0K | $1.5M | ($700.0K) |
| Amortization of debt issuance costs | $8.6M | $8.7M | $7.3M | $7.3M |
| Unit-based compensation expense | $4.3M | $16.6M | $22.2M | $15.9M |
| Deferred income tax expense (benefit) | $466.0K | $574.0K | ($52.0K) | ($151.0K) |
| Loss (gain) on disposition of assets | $3.8M | $4.9M | ($1.7M) | $1.5M |
| Loss on extinguishment of debt | $3.0M | $5.0M | — | — |
| Change in fair value of derivative instrument | $0 | $1.2M | ($1.2M) | — |
| Impairment of assets | $7.8M | $913.0K | — | — |
| Accounts receivable and related-party receivables, net | $6.6M | $5.7M | ($13.0M) | $30.0M |
| Inventories | ($41.1M) | ($101.9M) | ($76.8M) | ($31.6M) |
| Prepaid expenses and other current assets | $920.0K | ($1.4M) | ($1.8M) | ($2.8M) |
| Other assets | ($3.8M) | $3.9M | $4.2M | $3.5M |
| Accounts payable | ($729.0K) | ($3.9M) | $523.0K | $7.5M |
| Accrued liabilities and deferred revenue | $8.2M | $35.6M | $4.1M | ($38.4M) |
| Other liabilities | ($17.0K) | $410.0K | — | $0 |
| Net cash provided by operating activities | $394.3M | $341.3M | $271.9M | $260.6M |
| Capital expenditures, net | ($117.3M) | ($204.9M) | ($238.5M) | ($134.2M) |
| Proceeds from disposition of property and equipment | $2.3M | $1.3M | $5.3M | $3.7M |
| Proceeds from insurance recovery | $68.0K | $1.5M | $535.0K | $597.0K |
| Net cash used in investing activities | ($115.0M) | ($202.0M) | ($232.7M) | ($129.9M) |
| Proceeds from revolving credit facility | $1.8B | $1.1B | $1.1B | $844.5M |
| Proceeds from issuance of senior notes | $750.0M | $1.0B | — | — |
| Payments on revolving credit facility | ($1.8B) | ($1.2B) | ($863.3M) | ($714.9M) |
| Repayments of Senior Debt | ($750.0M) | — | — | — |
| Investments in government securities in connection with legal defeasance of the Senior Notes 2026 | $0 | ($748.8M) | — | — |
| Cash paid related to net settlement of unit-based awards | ($8.5M) | ($5.4M) | ($6.4M) | ($3.0M) |
| Cash distributions | ($266.9M) | ($265.2M) | ($257.8M) | ($256.2M) |
| Deferred financing costs | ($17.9M) | ($18.6M) | ($379.0K) | ($549.0K) |
| Other | ($372.0K) | ($1.6M) | ($489.0K) | ($518.0K) |
| Net cash used in financing activities | ($270.8M) | ($139.3M) | ($39.3M) | ($130.6M) |
| Increase (decrease) in cash and cash equivalents | $8.6M | $3.0K | ($24.0K) | $35.0K |
| Cash and cash equivalents, beginning of year | $14.0K | $11.0K | $35.0K | $0 |
| Cash and cash equivalents, end of year | $8.6M | $14.0K | $11.0K | $35.0K |
| Interest Paid, Excluding Capitalized Interest, Operating Activity | $181.3M | $154.3M | $163.6M | $129.0M |
| Income Taxes Paid | $1.7M | $1.5M | $1.1M | $887.0K |
| Distribution Made to Member or Limited Partner Non Cash Distributions Paid | $192.0K | $1.6M | $1.9M | $2.1M |
| Transfers to from inventory to property and equipment | $37.3M | $78.5M | $54.6M | $22.3M |
| Increase (Decrease) in Capital Expenditures Incurred but Not yet Paid | $787.0K | ($9.0M) | $3.6M | $6.5M |
| Financing Costs Included In Accounts Payable And Accrued Liabilities | $61.0K | $14.0K | $125.0K | ($265.0K) |
| Non Cash Exercise And conversion Of Warrants Into Common Units | $0 | $0 | $8.8M | $5.2M |
| Exercise And Conversion Of Preferred Units | $164.4M | $300.7M | — | — |
| Government Securities Transferred In Connection With The Legal Defeasance Of Debt | $0 | $748.8M | — | — |
| Legal Defeasance Of Debt | $0 | $725.0M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $84.0M | $38.3M | $83.6M | $49.1M |
| Depreciation and amortization | $176.2M | $87.1M | $212.5M | $141.2M |
| Provision for expected credit losses | $398.0K | $398.0K | — | — |
| Amortization of debt issuance costs | $3.7M | $1.8M | $6.6M | $4.5M |
| Amortization of capitalized SaaS implementation costs | $714.0K | $284.0K | — | — |
| Unit-based compensation expense | $4.0M | $2.4M | $2.8M | $1.6M |
| Deferred income tax expense | $4.7M | $2.7M | $30.0K | $46.0K |
| (Gain) loss on disposition of assets | ($1.5M) | ($545.0K) | $2.2M | $1.4M |
| Loss on extinguishment of debt | $1.0K | $1.0K | $0 | $0 |
| Impairment of assets | $4.0K | $4.0K | $7.5M | $6.9M |
| Accounts receivable and related-party receivables, net | ($14.8M) | ($38.2M) | ($14.8M) | ($9.4M) |
| Inventories | ($52.3M) | ($15.4M) | ($35.4M) | ($24.1M) |
| Prepaid expenses and other current assets | ($560.0K) | ($900.0K) | $1.7M | $1.0M |
| Other assets | $1.2M | $3.5M | ($2.6M) | ($2.2M) |
| Accounts payable and related-party payables | $20.6M | $14.9M | $4.5M | $9.1M |
| Accrued liabilities and deferred revenue | $4.0M | ($10.4M) | ($13.4M) | $271.0K |
| Other liabilities | $1.5M | ($1.0K) | ($410.0K) | ($410.0K) |
| Net cash provided by operating activities | $231.8M | $86.1M | $254.8M | $178.9M |
| Cash paid for the J-W Power Acquisition, net of cash acquired | ($444.4M) | ($444.4M) | — | — |
| Capital expenditures, net | ($61.6M) | ($24.2M) | ($65.5M) | ($41.5M) |
| Proceeds from disposition of property and equipment | $1.5M | $612.0K | $1.7M | $1.1M |
| Proceeds from insurance recovery | $1.6M | $118.0K | $68.0K | $68.0K |
| Net cash used in investing activities | ($502.9M) | ($467.9M) | ($63.8M) | ($40.4M) |
| Proceeds from revolving credit facility | $596.0M | $599.2M | $777.0M | $494.1M |
| Repayments of revolving credit facility | ($180.0M) | ($144.0M) | ($1.5B) | ($495.6M) |
| Cash paid related to net settlement of unit-based awards | $0 | $0 | ($5.9M) | ($3.2M) |
| Cash distributions | ($143.3M) | ($66.9M) | ($200.1M) | ($133.4M) |
| Deferred financing costs | ($396.0K) | ($232.0K) | ($17.4M) | ($226.0K) |
| Other | ($360.0K) | ($296.0K) | ($279.0K) | ($183.0K) |
| Net cash provided by (used in) financing activities | $272.0M | $387.7M | ($191.0M) | ($138.5M) |
| Increase (decrease) in cash and cash equivalents | $914.0K | $6.0M | ($14.0K) | ($12.0K) |
| Cash and cash equivalents, beginning of period | $8.6M | $8.6M | $14.0K | $14.0K |
| Cash and cash equivalents, end of period | $9.5M | $14.5M | $0 | $2.0K |
| Cash paid for interest, net of capitalized amounts | $96.4M | $52.3M | $162.1M | $90.2M |
| Cash paid for income taxes | $5.9M | $4.1M | $1.7M | $1.5M |
| Non-cash distributions to certain common unitholders (DRIP) | $97.0K | $48.0K | $156.0K | $120.0K |
| Transfers from inventories to property and equipment, net | $44.2M | $12.3M | $30.6M | $21.3M |
| Changes in capital expenditures included in accounts payable and accrued liabilities | ($6.5M) | ($1.3M) | $11.8M | ($1.1M) |
| Lease assets obtained in exchange for lease obligations | $0 | — | $3.7M | $2.6M |
| Changes in financing costs included in accounts payable and accrued liabilities | ($221.0K) | ($221.0K) | $427.0K | $225.0K |
| Common units issued in connection with the J-W Power Acquisition | $456.6M | $456.6M | — | — |
| Exercise and conversion of Preferred Units into common units | $0 | — | $93.0M | $93.0M |
USA Compression Partners LP score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.