Filing Flows › USA Compression Partners, LP (USAC) › Q2 2025
USA Compression Partners, LP (USAC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
USA Compression Partners, LP (USAC) reported revenue of $250M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +2% from the quarter before. Operating margin was 30.6%, net earnings $28.6M (11.4% of revenue).
USA Compression Partners, LP, Q2 2025: revenue $250M (+6% year over year), operating margin 30.6%, net earnings $28.6M, operating cash flow $124M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | +2% | +6% |
| Operating profit | $76.6M | +10% | -1% |
| Net earnings | $28.6M | +39% | -9% |
| Operating cash flow | $124M | +127% | +28% |
| Free cash flow | $101M | +179% | +110% |
What changed
Revenue was $250.1M in Q2 2025, up 6% year over year and up 2% from the previous quarter. Contract operations revenue was the largest line at 97% of revenue. Contract operations revenue added $13.1M year over year (up 6%), 88% of the total change.
Operating profit was $76.6M, a 30.6% margin (down 2.3 points year over year). Operating profit fell $764K even though revenue rose $14.8M versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $28.6M, down 9% year over year. The effective tax rate was 1.4%.
Operating cash flow was $124.2M (up 28% year over year), 435% of net earnings. Non-cash charges added back $70.8M of depreciation and amortization. Working capital and other items added $24.8M. Capital expenditures of $23.2M left free cash flow of $101.1M.
Questions
What was USA Compression Partners, LP's revenue in the second quarter 2025?
USA Compression Partners, LP (USAC) reported revenue of $250M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +2% from the quarter before.
Was USA Compression Partners, LP profitable in the second quarter 2025?
Operating profit was $76.6M (30.6% of revenue) and net earnings $28.6M.