Filing Flows › USA Compression Partners, LP (USAC) › Q1 2026
USA Compression Partners, LP (USAC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
USA Compression Partners, LP (USAC) reported revenue of $331M for the first quarter 2026 (Q1 2026), +35% from a year earlier and +31% from the quarter before. Operating margin was 27.6%, net earnings $38.3M (11.6% of revenue).
USA Compression Partners, LP, Q1 2026: revenue $331M (+35% year over year), operating margin 27.6%, net earnings $38.3M, operating cash flow $86.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $331M | +31% | +35% |
| Operating profit | $91.4M | +19% | +32% |
| Net earnings | $38.3M | +38% | +87% |
| Operating cash flow | $86.1M | -38% | +58% |
| Free cash flow | $61.9M | -29% | +71% |
What changed
Revenue was $331.3M in Q1 2026, up 35% year over year and up 31% from the previous quarter. Contract operations revenue was the largest line at 93% of revenue. Contract operations revenue added $69.7M year over year (up 29%), 81% of the total change.
Operating profit was $91.4M, a 27.6% margin (down 0.7 points year over year). Of the extra revenue versus Q1 2025, 26% reached operating profit, below the 28% margin then. Total costs grew 36% against revenue growth of 35%. The fastest-growing cost line was SG&A (+87%). Net earnings were $38.3M, up 87% year over year. The effective tax rate was 9.7%.
Operating cash flow was $86.1M (up 58% year over year), 225% of net earnings. Non-cash charges added back $87.1M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $41.8M. Capital expenditures of $24.2M left free cash flow of $61.9M.
Questions
What was USA Compression Partners, LP's revenue in the first quarter 2026?
USA Compression Partners, LP (USAC) reported revenue of $331M for the first quarter 2026 (Q1 2026), +35% from a year earlier and +31% from the quarter before.
Was USA Compression Partners, LP profitable in the first quarter 2026?
Operating profit was $91.4M (27.6% of revenue) and net earnings $38.3M.