USA Compression Partners, LP
USAC TXSE Natural Gas Transmission Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$998M
5.0%
vs prior year
Operating margin
Operating income as a share of revenue.
30.7%
0.3 pts
Net income
Profit after all expenses, interest and tax.
$111M
11.8%
Free cash flow
Cash from operations minus capital spending.
$277M
102.9%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.85 EPS (TTM)
What USA Compression Partners, LP does
No business description yet.
- Legal name
- USA Compression Partners, LP
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 17, 2026
- Accession · CIK
- 0001522727-26-000015
0001522727
Revenue and margins
USA Compression Partners, LP had $998M of revenue in fiscal 2025, up 5.0% on the year before.
FY16
Revenue $264M
FY17
Revenue $277M
FY18
Revenue $584M
FY19
Revenue $698M
FY20
Revenue $668M
FY21
Revenue $633M
FY22
Revenue $705M
FY23
Revenue $846M
FY24
Revenue $950M
FY25
Revenue $998M
Q3 '23
Revenue $217M
Q4 '23
Revenue $225M
Q1 '24
Revenue $229M
Q2 '24
Revenue $235M
Q3 '24
Revenue $240M
Q4 '24
Revenue $246M
Q1 '25
Revenue $245M
Q2 '25
Revenue $250M
Q3 '25
Revenue $250M
Q4 '25
Revenue $252M
Q1 '26
Revenue $331M
Q2 '26
Revenue $342M
FY16
Gross —
Operating −10.2%
Net −10.2%
FCF 25.9%
FY17
Gross —
Operating −94.9%
Net −95.7%
FCF −7.7%
FY18
Gross —
Operating 11.2%
Net −1.8%
FCF −6.9%
FY19
Gross —
Operating 24.1%
Net 5.6%
FCF 18.5%
FY20
Gross —
Operating −69.6%
Net −89.1%
FCF 27.6%
FY21
Gross —
Operating 22.3%
Net 1.6%
FCF 34.8%
FY22
Gross —
Operating 24.0%
Net 4.3%
FCF 17.9%
FY23
Gross —
Operating 27.4%
Net 8.1%
FCF 3.9%
FY24
Gross —
Operating 31.0%
Net 10.5%
FCF 14.4%
FY25
Gross —
Operating 30.7%
Net 11.2%
FCF 27.8%
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating 28.1%
Net 9.6%
FCF −1.2%
Q4 '23
Gross —
Operating 30.5%
Net 5.7%
FCF 5.4%
Q1 '24
Gross —
Operating 29.2%
Net 10.3%
FCF −14.3%
Q2 '24
Gross —
Operating 32.9%
Net 13.3%
FCF 20.5%
Q3 '24
Gross —
Operating 31.5%
Net 8.1%
FCF 8.2%
Q4 '24
Gross —
Operating 30.3%
Net 10.3%
FCF 41.1%
Q1 '25
Gross —
Operating 28.3%
Net 8.4%
FCF 14.8%
Q2 '25
Gross —
Operating 30.6%
Net 11.4%
FCF 40.4%
Q3 '25
Gross —
Operating 33.5%
Net 13.8%
FCF 20.7%
Q4 '25
Gross —
Operating 30.3%
Net 11.0%
FCF 34.8%
Q1 '26
Gross —
Operating 27.6%
Net 11.6%
FCF 18.7%
Q2 '26
Gross —
Operating 29.3%
Net 13.3%
FCF 31.7%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income −$26.9M
FY17
Net income −$265M
FY18
Net income −$10.6M
FY19
Net income $39.1M
FY20
Net income −$595M
FY21
Net income $10.3M
FY22
Net income $30.3M
FY23
Net income $68.3M
FY24
Net income $99.6M
FY25
Net income $111M
Q3 '23
Net income $20.9M
Q4 '23
Net income $12.8M
Q1 '24
Net income $23.6M
Q2 '24
Net income $31.2M
Q3 '24
Net income $19.3M
Q4 '24
Net income $25.4M
Q1 '25
Net income $20.5M
Q2 '25
Net income $28.6M
Q3 '25
Net income $34.5M
Q4 '25
Net income $27.8M
Q1 '26
Net income $38.3M
Q2 '26
Net income $45.7M
FY16
Diluted EPS —
FY17
Diluted EPS —
FY18
Diluted EPS —
FY19
Diluted EPS —
FY20
Diluted EPS −$6.65
FY21
Diluted EPS −$0.40
FY22
Diluted EPS −$0.19
FY23
Diluted EPS $0.20
FY24
Diluted EPS $0.72
FY25
Diluted EPS $0.85
Q3 '23
Diluted EPS $0.09
Q4 '23
Diluted EPS $0.01
Q1 '24
Diluted EPS $0.19
Q2 '24
Diluted EPS $0.23
Q3 '24
Diluted EPS $0.13
Q4 '24
Diluted EPS $0.17
Q1 '25
Diluted EPS $0.14
Q2 '25
Diluted EPS $0.22
Q3 '25
Diluted EPS $0.26
Q4 '25
Diluted EPS $0.23
Q1 '26
Diluted EPS —
Q2 '26
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital —
Return on equity —
Return on assets −1.8%
FY17
Return on capital —
Return on equity —
Return on assets −16.6%
FY18
Return on capital —
Return on equity —
Return on assets −0.4%
FY19
Return on capital —
Return on equity —
Return on assets 1.0%
FY20
Return on capital —
Return on equity —
Return on assets −17.8%
FY21
Return on capital —
Return on equity —
Return on assets 0.4%
FY22
Return on capital —
Return on equity —
Return on assets 1.1%
FY23
Return on capital —
Return on equity —
Return on assets 2.5%
FY24
Return on capital —
Return on equity —
Return on assets 3.6%
FY25
Return on capital —
Return on equity —
Return on assets 4.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $277M in fiscal 2025, 27.8% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $68.5M
FY17
Free cash flow −$21.3M
FY18
Free cash flow −$40.2M
FY19
Free cash flow $129M
FY20
Free cash flow $184M
FY21
Free cash flow $220M
FY22
Free cash flow $126M
FY23
Free cash flow $33.4M
FY24
Free cash flow $136M
FY25
Free cash flow $277M
Q3 '23
Free cash flow −$2.6M
Q4 '23
Free cash flow $12.1M
Q1 '24
Free cash flow −$32.7M
Q2 '24
Free cash flow $48.2M
Q3 '24
Free cash flow $19.8M
Q4 '24
Free cash flow $101M
Q1 '25
Free cash flow $36.3M
Q2 '25
Free cash flow $101M
Q3 '25
Free cash flow $51.9M
Q4 '25
Free cash flow $87.7M
Q1 '26
Free cash flow $61.9M
Q2 '26
Free cash flow $108M
FY16
Cash from operations $130M
Capital spending $61.6M
FY17
Cash from operations $136M
Capital spending $157M
FY18
Cash from operations $226M
Capital spending $267M
FY19
Cash from operations $301M
Capital spending $171M
FY20
Cash from operations $293M
Capital spending $109M
FY21
Cash from operations $265M
Capital spending $45.2M
FY22
Cash from operations $261M
Capital spending $134M
FY23
Cash from operations $272M
Capital spending $239M
FY24
Cash from operations $341M
Capital spending $205M
FY25
Cash from operations $394M
Capital spending $117M
Cash from operations
Capital spending
Q3 '23
Cash from operations $50.1M
Capital spending $52.6M
Q4 '23
Cash from operations $91.6M
Capital spending $79.5M
Q1 '24
Cash from operations $65.9M
Capital spending $98.6M
Q2 '24
Cash from operations $96.7M
Capital spending $48.5M
Q3 '24
Cash from operations $48.5M
Capital spending $28.7M
Q4 '24
Cash from operations $130M
Capital spending $29.0M
Q1 '25
Cash from operations $54.7M
Capital spending $18.4M
Q2 '25
Cash from operations $124M
Capital spending $23.2M
Q3 '25
Cash from operations $75.9M
Capital spending $24.0M
Q4 '25
Cash from operations $139M
Capital spending $51.7M
Q1 '26
Cash from operations $86.1M
Capital spending $24.2M
Q2 '26
Cash from operations $146M
Capital spending $37.4M
Cash from operations
Capital spending
Dividends, buybacks and share count
USA Compression Partners, LP returned — to shareholders in fiscal 2025. The diluted share count rose 5.9%.
FY16
Dividends —
Buybacks —
FY17
Dividends —
Buybacks —
FY18
Dividends —
Buybacks —
FY19
Dividends —
Buybacks —
FY20
Dividends —
Buybacks —
FY21
Dividends —
Buybacks —
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY16
Diluted shares —
FY17
Diluted shares —
FY18
Diluted shares —
FY19
Diluted shares —
FY20
Diluted shares 0.10B
FY21
Diluted shares 0.10B
FY22
Diluted shares 0.10B
FY23
Diluted shares 0.10B
FY24
Diluted shares 0.11B
FY25
Diluted shares 0.12B
Balance sheet
Cash, debt and the ratios that show how comfortably USA Compression Partners, LP can carry it.
FY16
Cash $14.2M
Debt $685M
FY17
Cash $4.0M
Debt $783M
FY18
Cash $0.1M
Debt $1.8B
FY19
Cash $0.0M
Debt $1.9B
FY20
Cash $0.0M
Debt $1.9B
FY21
Cash $0.0M
Debt $2.0B
FY22
Cash $0.0M
Debt $2.1B
FY23
Cash $0.0M
Debt $2.3B
FY24
Cash $0.0M
Debt $2.5B
FY25
Cash $8.6M
Debt $2.5B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.0M | $0.0M | $0.0M | $0.0M | $8.6M |
| Debt incl. finance leases | $2.0B | $2.1B | $2.3B | $2.5B | $2.5B |
| Net debt / EBITDA | 5.2x | 5.2x | 4.9x | 4.5x | 4.3x |
| Interest coverage | 1.1x | 1.2x | 1.4x | 1.5x | 1.6x |
| Current ratio | 1.1x | 1.1x | 1.2x | 1.2x | 1.3x |
| Quick ratio | 0.6x | 0.5x | 0.6x | 0.5x | 0.5x |
| Total assets | $2.8B | $2.7B | $2.7B | $2.7B | $2.6B |
| Total liabilities | $2.2B | $2.3B | $2.6B | $2.7B | $2.7B |
| Net debt (− = net cash) | $2.0B | $2.1B | $2.3B | $2.5B | $2.5B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✕ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Current ratio rose | — | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✓ |
| Share count didn't rise | — | — | — | — | — | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | ✕ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| F-score | — / 3 | 4 / 7 | 3 / 7 | 5 / 7 | 3 / 7 | 5 / 8 | 5 / 8 | 6 / 8 | 6 / 8 | 6 / 8 |
| Accruals ratio | −10.7% | −25.1% | −8.6% | −7.0% | −26.6% | −8.9% | −8.5% | −7.5% | −8.8% | −10.5% |
| Altman Z'' | — | — | — | — | — | — | — | — | — | — |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $264M | $277M | $584M | $698M | $668M | $633M | $705M | $846M | $950M | $998M |
| Operating income | −$27.0M | −$263M | $65.3M | $168M | −$465M | $141M | $169M | $232M | $294M | $307M |
| Interest expense | $21.1M | $0.0M | $78.4M | $127M | $129M | $130M | $138M | $170M | $193M | $187M |
| Pretax income | −$27.1M | −$263M | −$13.0M | $41.3M | −$593M | $11.2M | $31.3M | $69.6M | $102M | $116M |
| Income tax | −$0.2M | $1.8M | −$2.5M | $2.2M | $1.3M | $0.9M | $1.0M | $1.4M | $2.2M | $4.9M |
| Net income | −$26.9M | −$265M | −$10.6M | $39.1M | −$595M | $10.3M | $30.3M | $68.3M | $99.6M | $111M |
| Diluted EPS | — | — | — | — | −$6.65 | −$0.40 | −$0.19 | $0.20 | $0.72 | $0.85 |
| Diluted shares | — | — | — | — | 0.10B | 0.10B | 0.10B | 0.10B | 0.11B | 0.12B |
| Cash flow | ||||||||||
| Cash from operations | $130M | $136M | $226M | $301M | $293M | $265M | $261M | $272M | $341M | $394M |
| Capital expenditure | $61.6M | $157M | $267M | $171M | $109M | $45.2M | $134M | $239M | $205M | $117M |
| Free cash flow | $68.5M | −$21.3M | −$40.2M | $129M | $184M | $220M | $126M | $33.4M | $136M | $277M |
| Depreciation and amortization | $155M | $167M | $214M | $231M | $239M | $239M | $237M | $246M | $265M | $285M |
| Stock-based compensation | $3.5M | $4.0M | $11.7M | $10.8M | $8.4M | $15.5M | $15.9M | $22.2M | $16.6M | $4.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $14.2M | $4.0M | $0.1M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $8.6M |
| Total debt | $685M | $783M | $1.8B | $1.9B | $1.9B | $2.0B | $2.1B | $2.3B | $2.5B | $2.5B |
| Finance lease liabilities | — | — | — | $2.3M | $1.6M | $1.4M | $1.7M | $1.2M | $1.5M | $1.1M |
| Current assets | $73.0M | $74.2M | $218M | $231M | $200M | $205M | $186M | $226M | $235M | $237M |
| Current liabilities | $56.4M | $47.1M | $150M | $189M | $170M | $188M | $174M | $188M | $191M | $187M |
| Inventory | $29.6M | $33.2M | $89.0M | $91.9M | $84.6M | $85.8M | $93.8M | $115M | $134M | $134M |
| Property and equipment, net | $1.3B | $1.2B | $2.5B | $2.5B | — | — | — | — | — | — |
| Goodwill | $35.9M | $253M | $619M | $619M | $0.0M | — | — | — | — | $0.0M |
| Intangible assets | $75.2M | $198M | $393M | $363M | $334M | $304M | $275M | $246M | $216M | $187M |
| Total assets | $1.5B | $1.7B | $3.8B | $3.7B | $2.9B | $2.8B | $2.7B | $2.7B | $2.7B | $2.6B |
| Total liabilities | — | $54.1M | $1.9B | $2.1B | $2.1B | $2.2B | $2.3B | $2.6B | $2.7B | $2.7B |
| Margins | ||||||||||
| Operating margin | −10.2% | −94.9% | 11.2% | 24.1% | −69.6% | 22.3% | 24.0% | 27.4% | 31.0% | 30.7% |
| EBITDA margin | 48.6% | −34.7% | 47.7% | 57.3% | −33.8% | 60.0% | 57.6% | 56.5% | 58.8% | 59.2% |
| Net margin | −10.2% | −95.7% | −1.8% | 5.6% | −89.1% | 1.6% | 4.3% | 8.1% | 10.5% | 11.2% |
| FCF margin | 25.9% | −7.7% | −6.9% | 18.5% | 27.6% | 34.8% | 17.9% | 3.9% | 14.4% | 27.8% |
| Returns | ||||||||||
| Return on capital employed | −1.9% | −15.7% | 1.8% | 4.8% | −16.7% | 5.5% | 6.8% | 9.1% | 11.5% | 12.6% |
| Return on assets | −1.8% | −16.6% | −0.4% | 1.0% | −17.8% | 0.4% | 1.1% | 2.5% | 3.6% | 4.1% |
| Growth | ||||||||||
| Revenue growth | — | 4.8% | 111.2% | 19.5% | −4.4% | −5.2% | 11.4% | 20.1% | 12.3% | 5.0% |
| Net income growth | — | — | — | — | −1,619.8% | — | 195.0% | 125.2% | 45.9% | 11.8% |
| EPS growth | — | — | — | — | — | — | — | — | 260.0% | 18.1% |
| FCF growth | — | −131.2% | — | — | 42.3% | 19.6% | −42.6% | −73.6% | 309.1% | 102.9% |
| Share count change | — | — | — | — | — | 0.3% | 0.7% | 3.0% | 13.7% | 5.9% |
| Financial health | ||||||||||
| Net debt / EBITDA | 5.2x | — | 6.3x | 4.6x | — | 5.2x | 5.2x | 4.9x | 4.5x | 4.3x |
| Interest coverage | −1.3x | — | 0.8x | 1.3x | −3.6x | 1.1x | 1.2x | 1.4x | 1.5x | 1.6x |
| Current ratio | 1.3x | 1.6x | 1.5x | 1.2x | 1.2x | 1.1x | 1.1x | 1.2x | 1.2x | 1.3x |
| Quick ratio | 0.8x | 0.9x | 0.9x | 0.7x | 0.7x | 0.6x | 0.5x | 0.6x | 0.5x | 0.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 23.3% | 56.9% | 45.6% | 24.5% | 16.3% | 7.1% | 19.0% | 28.2% | 21.6% | 11.8% |
| Stock comp / revenue | 1.3% | 1.5% | 2.0% | 1.5% | 1.3% | 2.5% | 2.3% | 2.6% | 1.7% | 0.4% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 4.0 | 3.0 | 5.0 | 3.0 | 5.0 | 5.0 | 6.0 | 6.0 | 6.0 |
| Accruals ratio | −10.7% | −25.1% | −8.6% | −7.0% | −26.6% | −8.9% | −8.5% | −7.5% | −8.8% | −10.5% |
Source: SEC EDGAR XBRL filings (CIK 0001522727). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.