USA Compression Partners, LP
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
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 Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $38,342 | $20,512 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 87,146 | 70,393 |
| Provision for expected credit losses | 398 | — |
| Amortization of debt issuance costs | 1,829 | 2,241 |
| Amortization of capitalized implementation costs | 284 | — |
| Unit-based compensation expense | 2,405 | 3,384 |
| Deferred income tax expense | 2,711 | 85 |
| (Gain) loss on disposition of assets | (545) | 1,325 |
| Loss on extinguishment of debt | 1 | — |
| Impairment of assets | 4 | 3,645 |
| Changes in assets and liabilities, net of effect of acquisition: | ||
| Accounts receivable and related-party receivables, net | (38,174) | (8,253) |
| Inventories | (15,390) | (12,240) |
| Prepaid expenses and other current assets | (900) | 410 |
| Other assets | 3,482 | (2,377) |
| Accounts payable and related-party payables | 14,868 | 4,113 |
| Accrued liabilities and deferred revenue | (10,357) | (28,177) |
| Other liabilities | (1) | (410) |
| Net cash provided by operating activities | 86,103 | 54,651 |
| Cash flows from investing activities: | ||
| Cash paid for the J-W Power Acquisition, net of cash acquired | (444,384) | — |
| Capital expenditures, net | (24,238) | (18,368) |
| Proceeds from disposition of property and equipment | 612 | 259 |
| Proceeds from insurance recovery | 118 | 68 |
| Net cash used in investing activities | (467,892) | (18,041) |
| Cash flows from financing activities: | ||
| Proceeds from revolving credit facility | 599,198 | 274,476 |
| Repayments of revolving credit facility | (144,037) | (242,002) |
| Cash paid related to net settlement of unit-based awards | — | (2,227) |
| Cash distributions on common units | (66,886) | (62,386) |
| Cash distributions on Preferred Units | — | (4,388) |
| Deferred financing costs | (232) | (5) |
| Other | (296) | (90) |
| Net cash provided by (used in) financing activities | 387,747 | (36,622) |
| Increase (decrease) in cash and cash equivalents | 5,958 | (12) |
| Cash and cash equivalents, beginning of period | 8,564 | 14 |
| Cash and cash equivalents, end of period | $14,522 | $2 |
| USA COMPRESSION PARTNERS, LP | ||
|---|---|---|
| Unaudited Condensed Consolidated Statements of Cash Flows (continued) | ||
| (in thousands) | ||
| Three Months Ended March 31, | ||
| 2026 | 2025 | |
| Supplemental cash flow information: | ||
| Cash paid for interest, net of capitalized amounts | $52,344 | $75,136 |
| Cash paid for income taxes | 4,092 | — |
| Supplemental non-cash transactions: | ||
| Non-cash distributions to certain common unitholders (DRIP) | $48 | $62 |
| Transfers from inventories to property and equipment, net | 12,344 | 11,214 |
| Reclassification of serialized inventory to fixed assets | 62,722 | — |
| Changes in capital expenditures included in accounts payable and accrued liabilities | (1,346) | 2,724 |
| Changes in financing costs included in accounts payable and accrued liabilities | (221) | 271 |
| Common units issued in connection to the J-W Power Acquisition | 456,564 | — |
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