USA Compression Partners, LP

For the period ended Sep 30, 2025. Filed Nov 5, 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.

Sep 30, 2025 · Filed Nov 5, 2025

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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Contents

Unaudited Condensed Consolidated Statements of Cash Flows

(in thousands)

	Nine Months Ended September 30,
	2025	2024
Cash flows from operating activities:
Net income	$83,559	$74,138
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	212,456	195,801
Amortization of debt issuance costs	6,605	6,503
Unit-based compensation expense	2,815	11,000
Deferred income tax expense	30	427
Loss on disposition of assets	2,194	1,113
Loss on extinguishment of debt	—	4,966
Change in fair value of derivative instrument	—	1,204
Impairment of assets	7,509	311
Changes in assets and liabilities:
Accounts receivable and related-party receivables, net	(14,751)	(10,837)
Inventories	(35,384)	(90,912)
Prepaid expenses and other current assets	1,674	1,356
Other assets	(2,581)	487
Accounts payable and related-party payables	4,474	(1,947)
Accrued liabilities and deferred revenue	(13,416)	16,709
Other liabilities	(410)	820
Net cash provided by operating activities	254,774	211,139
Cash flows from investing activities:
Capital expenditures, net	(65,528)	(175,836)
Proceeds from disposition of property and equipment	1,684	742
Proceeds from insurance recovery	68	—
Net cash used in investing activities	(63,776)	(175,094)
Cash flows from financing activities:
Proceeds from issuance of senior notes	750,000	1,000,000
Proceeds from revolving credit facility	776,980	879,613
Repayments of revolving credit facility	(1,494,338)	(948,215)
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	(5,852)	—
Cash distributions on common units	(189,418)	(178,837)
Cash distributions on Preferred Units	(10,724)	(19,988)
Deferred financing costs	(17,381)	(18,603)
Other	(279)	(1,183)
Net cash used in financing activities	(191,012)	(35,977)
Increase (decrease) in cash and cash equivalents	(14)	68
Cash and cash equivalents, beginning of period	14	11
Cash and cash equivalents, end of period	$—	$79

USA COMPRESSION PARTNERS, LP
Unaudited Condensed Consolidated Statements of Cash Flows (continued)
(in thousands)
	Nine Months Ended September 30,
	2025	2024
Supplemental cash flow information:
Cash paid for interest, net of capitalized amounts	$162,051	$138,107
Cash paid for income taxes	1,700	1,461
Supplemental non-cash transactions:
Non-cash distributions to certain common unitholders (DRIP)	$156	$1,125
Transfers from inventories to property and equipment, net	30,556	58,499
Changes in capital expenditures included in accounts payable and accrued liabilities	11,765	(5,193)
Lease assets obtained in exchange for lease obligations	3,730	1,394
Changes in financing costs included in accounts payable and accrued liabilities	427	(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.