USAC

USA Compression Partners, LP

10 filings tracked

energyoil gas infrastructureSMALL ($300M-2B)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

neutralMay 27

Senior management increasing visibility via industry conferences.

management change

30%

neutralMay 27

Potential for credit discussions at the BofA Energy and Power Credit Conference.

capital raise

20%

bearishMay 15

Company remains unprofitable with a net loss of $331k for the quarter.

earnings miss

40%

bullishMay 15

Total income grew 14% and net loss narrowed significantly YoY.

margin expansion

70%

neutralMay 15

No dividend changes reported.

dividend change

bearishMay 15

Company remains unprofitable with a net loss of $331k for the quarter.

earnings miss

40%

bullishMay 15

Total income grew 14% and net loss narrowed significantly YoY.

margin expansion

70%

neutralMay 15

No dividend changes reported.

dividend change

bullishMay 7

Acquired J-W Power for $911.6M, adding 1M horsepower and manufacturing capabilities.

acquisition

90%

bullishMay 7

Net income increased 86.9% YoY to $38.3M.

earnings beat

70%

bearishMay 7

Adjusted EBITDA margin declined 4.1 percentage points due to higher operating costs.

margin compression

40%

neutralMay 7

Increased revolving credit facility borrowings to $1.25B to fund acquisition.

capital raise

60%

bullishMay 7

Acquired J-W Power for $911.6M, adding 1M horsepower and manufacturing capabilities.

acquisition

90%

bullishMay 7

Net income increased 86.9% YoY to $38.3M.

earnings beat

70%

bearishMay 7

Adjusted EBITDA margin declined 4.1 percentage points due to higher operating costs.

margin compression

40%

neutralMay 7

Increased revolving credit facility borrowings to $1.25B to fund acquisition.

capital raise

60%

bullishMay 7

Acquired J-W Power for $911.6M, adding 1M horsepower and manufacturing capabilities.

acquisition

90%

bullishMay 7

Net income increased 86.9% YoY to $38.3M.

earnings beat

70%

bearishMay 7

Adjusted EBITDA margin declined 4.1 percentage points due to higher operating costs.

margin compression

40%

neutralMay 7

Increased revolving credit facility borrowings to $1.25B to fund acquisition.

capital raise

60%

bullishMay 7

Acquired J-W Power for $911.6M, adding 1M horsepower and manufacturing capabilities.

acquisition

90%

bullishMay 7

Net income increased 86.9% YoY to $38.3M.

earnings beat

70%

bearishMay 7

Adjusted EBITDA margin declined 4.1 percentage points due to higher operating costs.

margin compression

40%

neutralMay 7

Increased revolving credit facility borrowings to $1.25B to fund acquisition.

capital raise

60%

bullishMay 7

Acquired J-W Power for $911.6M, adding 1M horsepower and manufacturing capabilities.

acquisition

90%

bullishMay 7

Net income increased 86.9% YoY to $38.3M.

earnings beat

70%

bearishMay 7

Adjusted EBITDA margin declined 4.1 percentage points due to higher operating costs.

margin compression

40%

neutralMay 7

Increased revolving credit facility borrowings to $1.25B to fund acquisition.

capital raise

60%

bullishMay 7

Acquired J-W Power for $911.6M, adding 1M horsepower and manufacturing capabilities.

acquisition

90%

bullishMay 7

Net income increased 86.9% YoY to $38.3M.

earnings beat

70%

bearishMay 7

Adjusted EBITDA margin declined 4.1 percentage points due to higher operating costs.

margin compression

40%

neutralMay 7

Increased revolving credit facility borrowings to $1.25B to fund acquisition.

capital raise

60%

bullishMay 7

Acquired J-W Power for $911.6M, adding 1M horsepower and manufacturing capabilities.

acquisition

90%

bullishMay 7

Net income increased 86.9% YoY to $38.3M.

earnings beat

70%

bearishMay 7

Adjusted EBITDA margin declined 4.1 percentage points due to higher operating costs.

margin compression

40%

neutralMay 7

Increased revolving credit facility borrowings to $1.25B to fund acquisition.

capital raise

60%

Filing History

8-KMay 27, 2026

The filing serves as a formal notification of senior management's participation in key industry conferences, creating a window for potential catalysts. While the bull case sees this as a strategic inflection point for multiple expansion, the bear case warns of a narrative-driven attempt to obscure deteriorating leverage. Ultimately, the impact of this filing depends on the actual content of the presentation materials and whether management can provide concrete evidence of sustainable distribution growth and debt stability.

10-QMay 15, 2026

The Q1 2026 filing reveals a company in a precarious transition phase. While the narrowing of net losses and the growth in investment income provide a glimmer of operational hope, the structural deficits in the insurance book remain stark. The adoption of LDTI accounting has provided better visibility into cohort profitability, but it also highlights a significant funding gap in long-duration contracts. Ultimately, the investment community is weighing a classic trade-off: the potential for a high-margin pivot toward direct insurance versus the immediate risks of an under-reserved balance sheet and a volatile investment portfolio. The company's ability to reach GAAP profitability will depend on whether direct premium growth can accelerate fast enough to outpace the rising cost of reserves and the inherent volatility of its Level 3 assets.

10-QMay 7, 2026

The Q1 2026 filing reveals a company in the midst of a high-stakes transition. USA Compression Partners has successfully traded balance sheet leaness for massive scale and vertical integration. The immediate financial results are positive, with double-digit growth in Adjusted EBITDA and a strengthened DCF coverage ratio that validates the immediate cash-generating potential of the J-W Power assets. However, the synthesis of the data suggests a trade-off between growth and risk. The company is now more sensitive to interest rate fluctuations and operational inefficiencies within the newly acquired fleet. Investors must weigh the impressive 47.5% increase in DCF against the 18% jump in long-term debt. The overall impact of the filing is a shift from a steady-state yield play to a growth-oriented infrastructure story with a significantly higher risk profile regarding leverage and integration execution.