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USA Compression Partners, LP cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$14.2M in Q3 2026 · $272M over twelve months

Operating cash flow$118M
Capital spending−$104M
Free cash flow+$14.2M
Cash / net income2.5×

Analysis

In Q3 2026, USA Compression Partners, LP generated $118M of operating cash flow and spent $104M on capital projects, leaving free cash flow of $14.2M. That is $37.7M less than in Q3 2025 ($51.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was $489M; the largest uses were other investing ($443M), other financing ($418M), capital spending ($217M); besides operations, cash came from net borrowing (+) / repaid (−) ($600M), asset & business sales ($1.3M); the cash balance rose by $12.1M.

Operating cash flow was $118M against net income of $47.3M — 2.5× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$89.1M, receivables −$18.5M, inventory +$11.4M.

Free cash flow

USA Compression Partners, LP: free cash flow by quarterUSA Compression Partners, LP: free cash flow by quarter$101MQ4 2024$36.3MQ1 2025$101MQ2 2025$51.9MQ3 2025$87.7MQ4 2025$61.9MQ1 2026$108MQ2 2026$14.2MQ3 2026
Operating cash flow less capital spending.
USA Compression Partners, LP: operating cash flow against capital spendingUSA Compression Partners, LP: operating cash flow against capital spendingOperating cash flowCapital spending$130M$29.0MQ4 2024$54.7M$18.4MQ1 2025$124M$23.2MQ2 2025$75.9M$24.0MQ3 2025$139M$51.7MQ4 2025$86.1M$24.2MQ1 2026$146M$37.4MQ2 2026$118M$104MQ3 2026
Latest (Q3 2026): Operating cash flow $118M, Capital spending $104M.

Capital allocation, year by year

USA Compression Partners, LP: where the cash came from (up) and went (down), by fiscal yearUSA Compression Partners, LP: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingFY2021: Operating cash flow $265MFY2021: Net borrowing $42.0MFY2021: Asset sales $4.5MFY2021: Capital spending −$45.2M$312MFY2021FY2022: Operating cash flow $261MFY2022: Net borrowing $129MFY2022: Asset sales $3.7MFY2022: Capital spending −$134M$393MFY2022FY2023: Operating cash flow $272MFY2023: Net borrowing $225MFY2023: Asset sales $5.3MFY2023: Capital spending −$239M$503MFY2023FY2024: Operating cash flow $341MFY2024: Net borrowing $900MFY2024: Asset sales $1.3MFY2024: Capital spending −$205M$1.2BFY2024FY2025: Operating cash flow $394MFY2025: Net borrowing $22.5MFY2025: Asset sales $2.3MFY2025: Capital spending −$117M$419MFY2025
Over these 5 years operating cash flow totalled $1.5B; the largest uses were capital spending ($740M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$12.1M
Debt$3.0B
Net debt$3.0B

USA Compression Partners, LP funds itself: free cash flow was $272M over the last twelve months, and $12.1M of cash and investments stands against $3.0B of debt.

Where the cash came from and went

USA Compression Partners, LP: sources (+) and uses (−) of cash, Q3 2026USA Compression Partners, LP: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)−$1.3BOther financing$1.3BOperating cash flow$118MCapital spending−$104MCash drawn (+) / kept (−)−$2.6MAsset & business sales−$802KAcquisitions−$231K
USA Compression Partners, LP: sources (+) and uses (−) of cash, TTM to Q3 2026USA Compression Partners, LP: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$600MOperating cash flow$489MOther investing−$443MOther financing−$418MCapital spending−$217MCash drawn (+) / kept (−)−$12.1MAsset & business sales$1.3M

From profit to cash

USA Compression Partners, LP: net income to operating cash flow, Q3 2026USA Compression Partners, LP: net income to operating cash flow, Q3 2026Net income$47.3MDepreciation & amortization$89.1MStock-based pay$1.5MDeferred taxes$1.3MGains on disposals−$22KReceivables−$18.5MInventory$11.4MPayables−$7.3MAccrued liabilities−$9.9MPrepaid and other assets$693KOther liabilities−$1.3MOperating cash flow$118M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$118M−$104M−$231K−$1.3B−$2.6M$14.2M
Q2 2026$146M−$37.4M—−$35.9M$5.0M$108M
Q1 2026$86.1M−$24.2M−$444M−$144M−$6.0M$61.9M
Q4 2025$139M−$51.7M——−$8.6M$87.7M
Q3 2025$75.9M−$24.0M—−$249M$2K$51.9M
Q2 2025$124M−$23.2M—−$254M—$101M
Q1 2025$54.7M−$18.4M—−$242M$12K$36.3M
Q4 2024$130M−$29.0M——$65K$101M

USA Compression Partners, LP: income statement and cash flow

USA Compression Partners, LP, Q3 2026: revenue $357M (+43% year over year), operating margin 28.6%. The chart follows the revenue to costs, profit and cash.

USA Compression Partners, LP: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.