USA Compression Partners, LP

For the period ended Sep 30, 2026. Filed Nov 4, 2026.

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, 2026 · Filed Nov 4, 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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Contents

Unaudited Condensed Consolidated Statements of Cash Flows

(in thousands)

	Nine Months Ended September 30,
	2026	2025
Cash flows from operating activities:
Net income	$131,343	$83,559
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	265,268	212,456
Provision for expected credit losses	398	—
Amortization of debt issuance costs	5,554	6,605
Amortization of capitalized SaaS implementation costs	1,143	—
Unit-based compensation expense	5,562	2,815
Deferred income tax expense	5,959	30
(Gain) loss on disposition of assets	(1,561)	2,194
Loss on extinguishment of debt	1	—
Impairment of assets	4	7,509
Changes in assets and liabilities, net of effect of acquisition:
Accounts receivable and related-party receivables, net	(33,304)	(14,751)
Inventories	(40,868)	(35,384)
Prepaid expenses and other current assets	133	1,674
Other assets	2,303	(2,581)
Accounts payable and related-party payables	13,313	4,474
Accrued liabilities and deferred revenue	(5,930)	(13,416)
Other liabilities	191	(410)
Net cash provided by operating activities	349,509	254,774
Cash flows from investing activities:
Cash paid for the J-W Power Acquisition, net of cash acquired	(444,615)	—
Capital expenditures, net	(165,116)	(65,528)
Proceeds from disposition of property and equipment	744	1,684
Proceeds from insurance recovery	1,577	68
Net cash used in investing activities	(607,410)	(63,776)
Cash flows from financing activities:
Proceeds from issuance of senior notes	600,000	750,000
Proceeds from revolving credit facility	1,413,890	776,980
Repayments of revolving credit facility	(1,524,427)	(1,494,338)
Cash paid related to net settlement of unit-based awards	—	(5,852)
Cash distributions on common units	(219,749)	(189,418)
Cash distributions on Preferred Units	—	(10,724)
Deferred financing costs	(8,007)	(17,381)
Other	(266)	(279)
Net cash provided by (used in) financing activities	261,441	(191,012)
Increase (decrease) in cash and cash equivalents	3,540	(14)
Cash and cash equivalents, beginning of period	8,564	14
Cash and cash equivalents, end of period	$12,104	$—

USA COMPRESSION PARTNERS, LP
Unaudited Condensed Consolidated Statements of Cash Flows (continued)
(in thousands)
	Nine Months Ended September 30,
	2026	2025
Supplemental cash flow information:
Cash paid for interest, net of capitalized amounts	$149,548	$162,051
Cash paid for income taxes	6,458	1,700
Supplemental non-cash transactions:
Non-cash distributions to certain common unitholders (DRIP)	$143	$156
Transfers from inventories to property and equipment, net	34,930	30,556
Reclassification of serialized inventory to fixed assets	62,722	—
Changes in capital expenditures included in accounts payable and accrued liabilities	3,876	11,765
Lease assets obtained in exchange for lease obligations	—	3,730
Changes in financing costs included in accounts payable and accrued liabilities	(221)	427
Common units issued in connection with the J-W Power Acquisition	455,840	—
Exercise and conversion of Preferred Units into common units	—	92,971

ContentsView on SEC.gov

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