USAC

MKT CAP:$3B

USA Compression Partners, LP

Market Cap

$3B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$26.86+$3.07 (+12.90%)

Apr 22, 2026

Company Details

USA Compression Partners, LP, a growth-oriented Delaware limited partnership that provides natural gas compression services in terms of total compression fleet horsepower. The company offers compression services to oil companies and indepen...

CEO

Micah C. Green

IPO Date

Jan 15, 2013

Website

usacompression.com

Key Metrics TTM

Revenue

$998M

+5.0% YoY

Net Income

$111M

EPS (Diluted)

$0.84

Free Cash Flow

$277M

Revenue / Share

$8.04

Gross Margin

59.8%

Operating Margin

30.9%

Net Margin

11.2%

FCF Margin

27.8%

P/S

3.3x

P/E

29.7x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 17, 2026

$998M+5.0%EPS $0.85

Q4 2025

Feb 17, 2026

$252M+2.7%EPS $0.22

Q3 2025

Nov 5, 2025

$250M+4.3%EPS $0.26

Q2 2025

Aug 6, 2025

$250M+6.3%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$163M	$110M	$35M
Q2 22	$171M	$116M	$42M
Q3 22	$180M	$120M	$45M
Q4 22	$190M	$128M	$47M
Q1 23	$197M	$130M	$51M
Q2 23	$207M	$137M	$51M
Q3 23	$217M	$142M	$61M
Q4 23	$225M	$156M	$69M
Q1 24	$229M	$154M	$67M
Q2 24	$235M	$157M	$77M
Q3 24	$240M	$158M	$76M
Q4 24	$246M	$172M	$75M
Q1 25	$245M	$164M	$69M
Q2 25	$250M	$164M	$77M
Q3 25	$250M	$173M	$84M
Q4 25	$252M	$96M	$78M

Valuation

Quarter	P/S	P/E
Q1 22	5.2x	251.5x
Q2 22	5.1x	169.2x
Q3 22	4.9x	132.1x
Q4 22	4.7x	109.2x
Q1 23	4.5x	87.1x
Q2 23	4.3x	63.0x
Q3 23	4.1x	51.9x
Q4 23	3.9x	48.5x
Q1 24	3.8x	40.9x
Q2 24	3.7x	37.4x
Q3 24	3.6x	38.1x
Q4 24	3.5x	33.2x
Q1 25	3.4x	34.3x
Q2 25	3.4x	35.3x
Q3 25	3.3x	30.4x
Q4 25	3.3x	29.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$35M	$15M
Q2 22	$94M	$71M
Q3 22	$49M	$5M
Q4 22	$82M	$36M
Q1 23	$42M	$941.0K
Q2 23	$88M	$23M
Q3 23	$50M	-$3M
Q4 23	$92M	$12M
Q1 24	$66M	-$33M
Q2 24	$97M	$48M
Q3 24	$48M	$20M
Q4 24	$130M	$101M
Q1 25	$55M	$36M
Q2 25	$124M	$101M
Q3 25	$76M	$52M
Q4 25	$139M	$88M

Capital Expenditures

Quarter	CapEx
Q1 22	$20M
Q2 22	$24M
Q3 22	$44M
Q4 22	$46M
Q1 23	$41M
Q2 23	$65M
Q3 23	$53M
Q4 23	$79M
Q1 24	$99M
Q2 24	$49M
Q3 24	$29M
Q4 24	$29M
Q1 25	$18M
Q2 25	$23M
Q3 25	$24M
Q4 25	$52M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+3.7%	+2.9%
Q2 22	+9.5%	+6.3%
Q3 22	+13.2%	+10.3%
Q4 22	+18.9%	+16.0%
Q1 23	+20.6%	+13.8%
Q2 23	+20.7%	+20.5%
Q3 23	+20.9%	+16.1%
Q4 23	+18.4%	+9.1%
Q1 24	+16.3%	+11.2%
Q2 24	+13.7%	+1.6%
Q3 24	+10.5%	+5.2%
Q4 24	+9.3%	+9.5%
Q1 25	+7.0%	+8.3%
Q2 25	+6.3%	+9.9%
Q3 25	+4.3%	+1.2%
Q4 25	+2.7%	+1.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	2.3%
Q2 22	$3M	1.7%
Q3 22	$3M	1.7%
Q4 22	$6M	3.2%
Q1 23	$7M	3.4%
Q2 23	$3M	1.4%
Q3 23	$8M	3.7%
Q4 23	$5M	2.0%
Q1 24	$8M	3.4%
Q2 24	$562.0K	0.2%
Q3 24	$3M	1.1%
Q4 24	$6M	2.3%
Q1 25	$3M	1.4%
Q2 25	-$2M	-0.7%
Q3 25	$1M	0.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 25	$18M

Revenue Segments

Quarter	Contract Operations Revenue	Retail Parts And Services
Q1 22	$161M	$2M
Q2 22	$168M	$4M
Q3 22	$175M	$5M
Q4 22	$185M	$5M
Q1 23	$193M	$4M
Q2 23	$202M	$5M
Q3 23	$210M	$7M
Q4 23	$218M	$7M
Q1 24	$224M	$5M
Q2 24	$229M	$6M
Q3 24	$234M	$6M
Q1 25	$240M	$6M
Q2 25	$242M	$8M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$15.0K	$0	$15.0K
Q2 22	$0	$0	$0
Q3 22	$6.0K	$0	$6.0K
Q4 22	$35.0K	$0	$35.0K
Q1 23	$6.0K	$0	$6.0K
Q2 23	$31.0K	$0	$31.0K
Q3 23	$6.0K	$0	$6.0K
Q4 23	$11.0K	$0	$11.0K
Q1 24	$8.0K	$0	$8.0K
Q2 24	$9.0K	$0	$9.0K
Q3 24	$79.0K	$0	$79.0K
Q4 24	$14.0K	$0	$14.0K
Q1 25	$2.0K	$0	$2.0K
Q2 25	$2.0K	$0	$2.0K
Q3 25	$0	$0	$0
Q4 25	$9M	$0	$9M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	97M	+0.2%	+0.4%
Q2 22	98M	+0.4%	+0.7%
Q3 22	98M	+0.2%	+0.9%
Q4 22	98M	+0.1%	+0.9%
Q1 23	98M	+0.2%	+0.9%
Q2 23	100M	+1.5%	+2.0%
Q3 23	100M	+0.6%	+2.3%
Q4 23	103M	+2.7%	+5.0%
Q1 24	104M	+0.7%	+5.5%
Q2 24	118M	+13.9%	+18.3%
Q3 24	118M	+0.2%	+17.9%
Q4 24	118M	-0.1%	+14.7%
Q1 25	118M	+0.1%	+14.1%
Q2 25	120M	+1.1%	+1.3%
Q3 25	123M	+3.0%	+4.1%
Q4 25	124M	+0.9%	+5.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$234.5K	697
Q2 22	$246.0K	697
Q3 22	$257.7K	697
Q4 22	$260.4K	730
Q1 23	$270.0K	730
Q2 23	$283.5K	730
Q3 23	$297.4K	730
Q4 23	$273.8K	822
Q1 24	$278.9K	822
Q2 24	$286.3K	822
Q3 24	$291.9K	822
Q4 24	$287.9K	854
Q1 25	$287.2K	854
Q2 25	$292.9K	854
Q3 25	$293.0K	854
Q4 25	$285.3K	885

Revenue / Employee