Jun 2026 (Q2 FY26) — Aug 4, 2026
USA Compression Partners Q2 FY26 — Strong Horsepower Growth and Integration Progress
Read the full callUSA Compression Partners (USAC) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
USA Compression Partners earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 342 | +36.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 29.3 | −1.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 45.7 | +59.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year 2026 adjusted EBITDA | $770 million to $800 million | Dec 2025 | We continue to maintain our full year adjusted EBITDA range of $770 million to $800 million | On Track |
| FY2026 new horsepower additions | approximately 105,000 new horsepower, a 2% increase in active horsepower | Dec 2025 | we have contracted more than 90% of nearly 110,000 new horsepower expected to be added to the fleet in 2026. | Revised Up |
1 of USA Compression Partners, LP's 27 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 25 more targets are in the full ledger.
Claimed
- Total revenues increased 37% year-over-year to $342.1 million.
- Contract operations revenue grew 34% year-over-year to $304.9 million.
- Average revenue per revenue-generating horsepower per month increased 7% year-over-year to $22.84.
- Expected average annual new horsepower growth of approximately 2.5% through 2029, adding over 500,000 horsepower by 2030.
- Contracted approximately 50% of new units scheduled for delivery in 2027 and mid-teens percentage for 2028.
Qualified
- Adjusted gross margin percentage decreased to 63.5% in Q2, reflecting the blended impact of the J-W acquisition.
- Expected incremental lube oil costs of approximately $1 million per month in the second half of the year.
- New large horsepower lead times remain extended, as high as 200 weeks or nearly 4 years.
Price
$25.39 −0.12% · −$0.03
Performance +8.8% 1Y
1Y: $23.34 on 3 Oct 2025 → $25.39. High $30.3 (19 May 2026), low $21.99 (4 Nov 2025).
- Previous close
- $25.42
- 52-week range
- $21.99 – $30.3
- One year
- +8.41%
Overview
- Symbol
- USAC
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year 2026 adjusted EBITDA | $770 million to $800 million | Dec 2025 | We continue to maintain our full year adjusted EBITDA range of $770 million to $800 million | On Track |
| FY2026 new horsepower additions | approximately 105,000 new horsepower, a 2% increase in active horsepower | Dec 2025 | we have contracted more than 90% of nearly 110,000 new horsepower expected to be added to the fleet in 2026. | Revised Up |
Claimed
- Total revenues increased 37% year-over-year to $342.1 million.
- Contract operations revenue grew 34% year-over-year to $304.9 million.
- Average revenue per revenue-generating horsepower per month increased 7% year-over-year to $22.84.
- Expected average annual new horsepower growth of approximately 2.5% through 2029, adding over 500,000 horsepower by 2030.
- Contracted approximately 50% of new units scheduled for delivery in 2027 and mid-teens percentage for 2028.
Qualified
- Adjusted gross margin percentage decreased to 63.5% in Q2, reflecting the blended impact of the J-W acquisition.
- Expected incremental lube oil costs of approximately $1 million per month in the second half of the year.
- New large horsepower lead times remain extended, as high as 200 weeks or nearly 4 years.
The full ledger
Open USA Compression Partners, LP’s full ledger
A free account opens 5 company ledgers a month. All 27 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
USA Compression Partners Q1 FY26 — Strong Integration and Record Pricing Amidst Extended Lead Times
Read the full callEvery analysed call
USA Compression Partners earnings calls (USAC)
Financials
What the filings say
Net profit, year on year: +60% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 240 | 246 | 245 | 250 | 250 | 252 | 331 | 342 |
| Expenses | 164 | 171 | 176 | 174 | 166 | 176 | 240 | 242 |
| Operating profit | 76 | 75 | 69 | 77 | 84 | 77 | 91 | 100 |
| Operating margin | 31.5% | 30.3% | 28.3% | 30.6% | 33.5% | 30.3% | 27.6% | 29.3% |
| Other income | -56 | -49 | -47 | -48 | -47 | -48 | -49 | -49 |
| Interest | 49 | 49 | 47 | 48 | 47 | 45 | 49 | 49 |
| Profit before tax | 20 | 26 | 22 | 29 | 37 | 28 | 42 | 51 |
| Tax rate | 3.9% | 1.9% | 7.0% | 1.4% | 6.5% | 1.9% | 9.7% | 10.7% |
| Net profit | 19 | 25 | 21 | 29 | 34 | 28 | 38 | 46 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 1,918 | 2,073 | 2,134 | 2,190 | 2,305 | 2,554 | 2,718 | 2,732 |
| Fixed assets | 2,521 | 2,483 | 2,381 | 2,222 | 2,173 | 2,238 | 2,273 | 2,163 |
| Total assets | 3,775 | 3,730 | 2,949 | 2,768 | 2,666 | 2,737 | 2,746 | 2,620 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 226 | 301 | 293 | 265 | 261 | 272 | 341 | 394 |
| Cash from investing | -780 | -144 | -105 | -39 | -130 | -233 | -202 | -115 |
| Cash from financing | 549 | -156 | -188 | -226 | -131 | -39 | -139 | -271 |
| Net cash flow | -4 | -0 | -0 | -0 | 0 | -0 | 0 | 9 |
| Capital expenditure | -267 | -171 | -109 | -45 | -134 | -239 | -205 | -117 |
| Free cash flow | -40 | 129 | 184 | 220 | 126 | 33 | 136 | 277 |
USAC revenue by segment
Retail Parts and Services grew from 3% to 7% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Contract Operations Revenue | 97% | 97% | 98% | 97% | 97% | 98% | 93% | 93% | +31.9% |
| Retail Parts and Services | 3% | 3% | 2% | 3% | 3% | 2% | 7% | 7% | +184.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
USAC operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Total fleet horsepower | ~4.931MOur total fleet horsepower at the end of the quarter was approximately 4.931 million horsepower, adding approximately 1.037 million horsepower as compared to the prior quarter, largely tied to the J-W acquisition.Source: earnings call transcript | ~4.95MOur total fleet horsepower at the end of the quarter was approximately 4.95 million horsepower.Source: earnings call transcript | — |
| Average utilization | 91.9%Our average utilization for the first quarter was 91.9%, a decrease compared to the prior quarter after incorporating J-W First quarter 2026 expansion capital expenditures were $26.4 million and our maintenance capital expenditures were $9.2 million.Source: earnings call transcript | 92%Our average utilization for the second quarter was 92% and continues to reflect the blended impact of incorporating J-W's fleet.Source: earnings call transcript | +0.1 pt |
| Capital expenditures Expansion | $26.4MOur average utilization for the first quarter was 91.9%, a decrease compared to the prior quarter after incorporating J-W First quarter 2026 expansion capital expenditures were $26.4 million and our maintenance capital expenditures were $9.2 million.Source: earnings call transcript | $46.8MSecond quarter 2026 expansion capital expenditures were $46.8 million and our maintenance capital expenditures were $16.9 million.Source: earnings call transcript | +77.3% |
| Capital expenditures Maintenance | $9.2MOur average utilization for the first quarter was 91.9%, a decrease compared to the prior quarter after incorporating J-W First quarter 2026 expansion capital expenditures were $26.4 million and our maintenance capital expenditures were $9.2 million.Source: earnings call transcript | $16.9MSecond quarter 2026 expansion capital expenditures were $46.8 million and our maintenance capital expenditures were $16.9 million.Source: earnings call transcript | +83.7% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
27 filings between Dec 5, 2025 and Aug 21, 2026.
Open market
decisions to buy or sellPurchases
$529.7K
3 purchases by 1 insider
Sales
$1.07M
1 sale by 1 insider
Compensation
not trading decisions- 11
- Award — granted as compensation
- 6
- Option exercise — converted options into shares
Also filed: 6 dispositions to the issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Porter Christopher W | — | $1.07M | Feb 20, 2026 |
| Whitehurst Bradford D. | $529.7K | — | Aug 21, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 21, 2026 | Whitehurst Bradford D. Director | Purchase | 6,000 | $156.6K |
| Aug 20, 2026 | Whitehurst Bradford D. Director | Purchase | 4,000 | $105.6K |
| Jun 23, 2026 | Porter Christopher W See Remarks | Award | 20,000 | $0 |
| Apr 28, 2026 | Holotik Jim Director | Award | 2,500 | $0 |
| Feb 20, 2026 | Porter Christopher W See Remarks | Sale | 40,000 | $1.07M |
| Feb 19, 2026 | Whitehurst Bradford D. Director | Purchase | 10,000 | $267.5K |
| Jan 2, 2026 | Harris Clifford A. Director | Award | 4,338 | $0 |
| Jan 2, 2026 | Wortham John L. Director | Award | 4,338 | $0 |
| Jan 2, 2026 | Joyce Glenn E. Director | Award | 4,338 | $0 |
| Jan 2, 2026 | Waldheim William S Director | Award | 4,338 | $0 |
| Dec 19, 2025 | Wauson Christopher J. See Remarks | Disposition to issuer | 4,019 | $97.5K |
| Dec 19, 2025 | Wauson Christopher J. See Remarks | Option exercise | 13,065 | — |
| Dec 19, 2025 | Wauson Christopher J. See Remarks | Disposition to issuer | 6,533 | $158.6K |
| Dec 19, 2025 | McEwen Julie A. See Remarks | Option exercise | 3,215 | — |
| Dec 19, 2025 | Porter Christopher W See Remarks | Option exercise | 18,568 | — |
| Dec 19, 2025 | Porter Christopher W See Remarks | Disposition to issuer | 9,284 | $225.3K |
| Dec 19, 2025 | Porter Christopher W See Remarks | Option exercise | 24,458 | — |
| Dec 19, 2025 | Porter Christopher W See Remarks | Disposition to issuer | 12,229 | $296.8K |
| Dec 19, 2025 | McEwen Julie A. See Remarks | Disposition to issuer | 1,608 | $39.0K |
| Dec 19, 2025 | McEwen Julie A. See Remarks | Option exercise | 4,083 | — |
| Dec 19, 2025 | McEwen Julie A. See Remarks | Disposition to issuer | 2,042 | $49.6K |
| Dec 19, 2025 | Wauson Christopher J. See Remarks | Option exercise | 8,038 | — |
| Dec 5, 2025 | Wauson Christopher J. See Remarks | Award | 34,575 | $0 |
| Dec 5, 2025 | McEwen Julie A. See Remarks | Award | 11,250 | $0 |
| Dec 5, 2025 | Porter Christopher W See Remarks | Award | 35,400 | $0 |
| Dec 5, 2025 | Paulsen Christopher M. See Remarks | Award | 36,600 | $0 |
| Dec 5, 2025 | Green Micah Clint See Remarks | Award | 102,525 | $0 |
| Aug 12, 2025 | Wauson Christopher J. See Remarks | Award | 20,000 | $0 |
| May 8, 2025 | Whitehurst Bradford D. Director | Purchase | 4,600 | $107.9K |
| May 8, 2025 | Whitehurst Bradford D. Director | Purchase | 400 | $9.4K |
| May 8, 2025 | Whitehurst Bradford D. Director | Purchase | 4,200 | $98.8K |
| May 8, 2025 | Whitehurst Bradford D. Director | Purchase | 500 | $11.8K |
| May 8, 2025 | Whitehurst Bradford D. Director | Purchase | 300 | $7.1K |
| Jan 2, 2025 | Waldheim William S Director | Award | 4,494 | $0 |
| Jan 2, 2025 | Joyce Glenn E. Director | Award | 4,494 | $0 |
| Jan 2, 2025 | Harris Clifford A. Director | Award | 4,494 | $0 |
| Jan 2, 2025 | Wortham John L. Director | Award | 4,494 | $0 |
| Dec 20, 2024 | Owens George Tracy See Remarks | Option exercise | 6,016 | — |
| Dec 20, 2024 | Owens George Tracy See Remarks | Disposition to issuer | 3,008 | $69.8K |
| Dec 20, 2024 | Porter Christopher W See Remarks | Option exercise | 12,679 | — |
| Dec 20, 2024 | Porter Christopher W See Remarks | Disposition to issuer | 5,072 | $117.7K |
| Dec 20, 2024 | Porter Christopher W See Remarks | Option exercise | 28,877 | — |
| Dec 20, 2024 | Owens George Tracy See Remarks | Option exercise | 3,773 | — |
| Dec 20, 2024 | Owens George Tracy See Remarks | Disposition to issuer | 1,887 | $43.8K |
| Dec 20, 2024 | Porter Christopher W See Remarks | Disposition to issuer | 11,551 | $268.1K |
| Dec 20, 2024 | Scheller Eric A See Remarks | Option exercise | 12,578 | — |
| Dec 20, 2024 | Scheller Eric A See Remarks | Disposition to issuer | 6,289 | $146.0K |
| Dec 20, 2024 | Scheller Eric A See Remarks | Option exercise | 28,917 | — |
| Dec 20, 2024 | Scheller Eric A See Remarks | Disposition to issuer | 14,459 | $335.6K |
| Dec 5, 2024 | Porter Christopher W See Remarks | Award | 27,640 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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