Revenue: As of FY2026 Q2, the actual value is USD 342.15 M, beating the estimate of USD 340.36 M.

EPS: As of FY2026 Q2, the actual value is USD 0.31, beating the estimate of USD 0.2725.

EBIT: As of FY2026 Q2, the actual value is USD 100.39 M.

Financial Performance for Second-Quarter 2026

Revenue

USA Compression Partners, LP reported total revenues of $342.1 million in second-quarter 2026, an increase from $250.1 million in second-quarter 2025. Contract operations revenue was $304,857 thousand, parts and service revenue was $22,136 thousand, and related party revenue was $15,153 thousand for second-quarter 2026.

Net Income

Net income for USA Compression Partners, LP reached $45.7 million for second-quarter 2026, compared to $28.6 million for second-quarter 2025.

Operating Profit

Operating income for second-quarter 2026 was $100,384 thousand, up from $76,608 thousand in second-quarter 2025.

Gross Margin

Gross margin stood at $128,285 thousand for second-quarter 2026, increasing from $92,785 thousand in second-quarter 2025. Adjusted gross margin was $217,356 thousand for second-quarter 2026, compared to $163,626 thousand for second-quarter 2025. The Adjusted gross margin percentage was 63.5% for second-quarter 2026, down from 65.4% in second-quarter 2025.

Adjusted EBITDA

Adjusted EBITDA was $193.2 million for second-quarter 2026, an increase from $149.5 million for second-quarter 2025. The Adjusted EBITDA percentage was 56.5% for second-quarter 2026, compared to 59.8% in second-quarter 2025.

Operating Costs

Cost of operations, exclusive of depreciation and amortization, was $124,790 thousand for second-quarter 2026, compared to $86,499 thousand for second-quarter 2025. Depreciation and amortization expense was $89,071 thousand for second-quarter 2026, up from $70,841 thousand in second-quarter 2025. Selling, general, and administrative expenses were $28,895 thousand for second-quarter 2026, compared to $12,896 thousand for second-quarter 2025. Interest expense, net, was $49,258 thousand for second-quarter 2026, versus $47,674 thousand for second-quarter 2025.

Cash Flow

Net cash provided by operating activities was $145.7 million for second-quarter 2026, an increase from $124.2 million for second-quarter 2025. Net cash used in investing activities was - $34,977 thousand for second-quarter 2026, compared to - $22,354 thousand for second-quarter 2025. Net cash used in financing activities was - $115,751 thousand for second-quarter 2026, versus - $101,890 thousand for second-quarter 2025.

Distributable Cash Flow

Distributable Cash Flow was $125.3 million for second-quarter 2026, up from $89.9 million for second-quarter 2025. The Distributable Cash Flow Coverage Ratio was 1.65x for second-quarter 2026, compared to 1.40x for second-quarter 2025.

Capital Expenditures

Expansion capital expenditures were $46.8 million and maintenance capital expenditures were $16.9 million for second-quarter 2026.

Liquidity and Debt

As of June 30, 2026, USA Compression Partners, LP had $1.21 billion in outstanding borrowings under its revolving credit facility and $536.9 million of remaining unused availability. The outstanding aggregate principal amount of its 7.125% senior notes due 2029 was $1.00 billion, and its 6.250% senior notes due 2033 was $750.0 million.

Distributions

USA Compression Partners, LP announced a cash distribution of $0.525 per common unit for second-quarter 2026, which is consistent with second-quarter 2025. This corresponds to an annualized distribution rate of $2.10 per common unit.

Operational Metrics

Average revenue per revenue-generating horsepower per month was $22.84 for second-quarter 2026, compared to $21.31 for second-quarter 2025. Average revenue-generating horsepower increased to 4.45 million for second-quarter 2026 from 3.55 million for second-quarter 2025. Average horsepower utilization was 92.0% for second-quarter 2026, a decrease from 94.4% for second-quarter 2025. At period end, fleet horsepower was 4,952,190 and revenue-generating horsepower was 4,455,148 for June 30, 2026. Revenue-generating compression units at period end were 6,508 for June 30, 2026.

Full-Year 2026 Outlook

USA Compression Partners, LP confirmed its full-year 2026 guidance, projecting Adjusted EBITDA between $770,000 thousand and $800,000 thousand. Distributable Cash Flow is expected to range from $480,000 thousand to $510,000 thousand. Total capital expenditures are forecast between $290,000 thousand and $320,000 thousand, comprising $230,000 thousand to $250,000 thousand for expansion and $60,000 thousand to $70,000 thousand for maintenance.