USA Compression Partners LP
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
USAC$25.52+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
(in thousands, except unit amounts)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $8 | $11 |
| Accounts receivable, net of allowances for credit losses of $2,260 and $2,260, respectively | 100,704 | 95,421 |
| Related-party receivables | 974 | — |
| Inventories | 129,323 | 114,728 |
| Derivative instrument | 7,172 | 5,670 |
| Prepaid expenses and other assets | 10,609 | 10,617 |
| Total current assets | 248,790 | 226,447 |
| Property and equipment, net | 2,291,153 | 2,237,625 |
| Lease right-of-use assets | 16,625 | 17,290 |
| Derivative instrument, long term | 381 | — |
| Identifiable intangible assets, net | 238,307 | 245,652 |
| Other assets | 8,961 | 9,746 |
| Total assets | $2,804,217 | $2,736,760 |
| Liabilities, Preferred Units, and Partners’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $34,296 | $39,781 |
| Accrued liabilities | 73,961 | 85,132 |
| Deferred revenue | 65,467 | 62,589 |
| Total current liabilities | 173,724 | 187,502 |
| Long-term debt, net | 2,462,530 | 2,336,088 |
| Operating lease liabilities | 13,903 | 14,731 |
| Derivative instrument, long term | — | 4,466 |
| Other liabilities | 12,230 | 10,924 |
| Total liabilities | 2,662,387 | 2,553,711 |
| Commitments and contingencies | ||
| Preferred Units | 431,402 | 476,334 |
| Partners’ deficit: | ||
| Common units, 103,001,911 and 100,986,011 units issued and outstanding, respectively | (289,572) | (293,285) |
| Total liabilities, Preferred Units, and partners’ deficit | $2,804,217 | $2,736,760 |
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