USA Compression Partners, LP

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

About this filing

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.

Jun 30, 2025 · Filed Aug 6, 2025

USAC$25.52+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Unaudited Condensed Consolidated Statements of Cash Flows

(in thousands)

	Six Months Ended June 30,
	2025	2024
Cash flows from operating activities:
Net income	$49,071	$54,811
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	141,234	128,564
Amortization of debt issuance costs	4,472	4,252
Unit-based compensation expense	1,648	8,331
Deferred income tax expense	46	97
Loss on disposition of assets	1,364	1,236
Loss on extinguishment of debt	—	4,966
Change in fair value of derivative instrument	—	(7,014)
Impairment of assets	6,887	311
Changes in assets and liabilities:
Accounts receivable and related-party receivables, net	(9,415)	(10,764)
Inventories	(24,128)	(59,941)
Prepaid expenses and other current assets	1,023	(503)
Other assets	(2,219)	1,503
Accounts payable and related-party payables	9,051	557
Accrued liabilities and deferred revenue	271	35,022
Other liabilities	(410)	1,230
Net cash provided by operating activities	178,895	162,658
Cash flows from investing activities:
Capital expenditures, net	(41,537)	(147,150)
Proceeds from disposition of property and equipment	1,074	435
Proceeds from insurance recovery	68	—
Net cash used in investing activities	(40,395)	(146,715)
Cash flows from financing activities:
Proceeds from revolving credit facility	494,118	582,530
Proceeds from issuance of senior notes	—	1,000,000
Repayments of revolving credit facility	(495,614)	(698,102)
Investments in government securities in connection with legal defeasance of the Senior Notes 2026	—	(748,764)
Cash paid related to net settlement of unit-based awards	(3,213)	—
Cash distributions on common units	(124,619)	(116,748)
Cash distributions on Preferred Units	(8,775)	(15,600)
Deferred financing costs	(226)	(18,579)
Other	(183)	(682)
Net cash used in financing activities	(138,512)	(15,945)
Decrease in cash and cash equivalents	(12)	(2)
Cash and cash equivalents, beginning of period	14	11
Cash and cash equivalents, end of period	$2	$9
See accompanying notes to unaudited condensed consolidated financial statements.

USA COMPRESSION PARTNERS, LP
Unaudited Condensed Consolidated Statements of Cash Flows (continued)
(in thousands)
	Six Months Ended June 30,
	2025	2024
Supplemental cash flow information:
Cash paid for interest, net of capitalized amounts	$90,238	$60,860
Cash paid for income taxes	1,500	1,152
Supplemental non-cash transactions:
Non-cash distributions to certain common unitholders (DRIP)	$120	$771
Transfers from inventories to property and equipment, net	21,339	43,012
Changes in capital expenditures included in accounts payable and accrued liabilities	(1,078)	(4,189)
Lease assets obtained in exchange for lease obligations	2,608	1,640
Changes in financing costs included in accounts payable and accrued liabilities	225	(96)
Exercise and conversion of Preferred Units into common units	92,971	300,700
Government securities transferred in connection with the legal defeasance of the Senior Notes 2026	—	748,764
Legal defeasance of Senior Notes 2026	—	725,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.