USA Compression Partners LP
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 11, 2025
USAC$25.48+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| PART I | 1 | ||
|---|---|---|---|
| Item 1. | Business | 1 | |
| Item 1A. | Risk Factors | 10 | |
| Item 1B. | Unresolved Staff Comments | 33 | |
| Item 1C. | Cybersecurity | 33 | |
| Item 2. | Properties | 35 | |
| Item 3. | Legal Proceedings | 35 | |
| Item 4. | Mine Safety Disclosures | 35 | |
| PART II | 36 | ||
| Item 5. | Market For Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities | 36 | |
| Item 6. | [Reserved] | 37 | |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 37 | |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 51 | |
| Item 8. | Financial Statements and Supplementary Data | 52 | |
| Item 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure | 52 | |
| Item 9A. | Controls and Procedures | 52 | |
| Item 9B. | Other Information | 55 | |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 55 | |
| PART III | 56 | ||
| Item 10. | Directors, Executive Officers, and Corporate Governance | 56 | |
| Item 11. | Executive Compensation | 61 | |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters | 86 | |
| Item 13. | Certain Relationships and Related Transactions and Director Independence | 89 | |
| Item 14. | Principal Accountant Fees and Services | 91 | |
| PART IV | 92 | ||
| Item 15. | Exhibits and Financial Statement Schedules | 92 | |
i
Glossary
The abbreviations, acronyms, and industry terminology used in this Annual Report are defined as follows:
| Credit Agreement | Seventh Amended and Restated Credit Agreement, dated as of December 8, 2021, by and among USA Compression Partners, LP, as borrower, the guarantors party thereto from time to time, the lenders party thereto from time to time, as may be amended from time to time, and any predecessor thereto if the context so dictates |
|---|---|
| CPI | Consumer Price Index for all Urban Consumers |
| DERs | distribution equivalent rights |
| DRIP | distribution reinvestment plan |
| EBITDA | earnings before interest, taxes, depreciation, and amortization |
| EIA | United States Energy Information Agency |
| Energy Transfer | Energy Transfer LP |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| GAAP | generally accepted accounting principles of the United States of America |
| LNG | Liquefied natural gas |
| NYSE | New York Stock Exchange |
| Preferred Units | Series A Preferred Units representing limited partner interests in USA Compression Partners, LP |
| SEC | United States Securities and Exchange Commission |
| Senior Notes 2026 | $725.0 million aggregate principal amount of senior notes due on April 1, 2026 |
| Senior Notes 2027 | $750.0 million aggregate principal amount of senior notes due on September 1, 2027 |
| Senior Notes 2029 | $1.0 billion aggregate principal amount of senior notes due on March 15, 2029 |
| SOFR | Secured Overnight Financing Rate |
| U.S. | United States of America |
ii
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.