Filing Flows › USA Compression Partners, LP (USAC) › Q2 2026 › vs Q2 2025
USA Compression Partners, LP (USAC) Q2 2026 vs Q2 2025 (year over year)
USA Compression Partners, LP's revenue rose $92.0M (+37%) from $250M in Q2 2025 to $342M in Q2 2026. The biggest changes: Contract operations revenue +$77.3M (+32%); Retail parts and services revenue +$14.7M (+185%). Operating margin 29.3% against 30.6% (-1.3 pts).
USA Compression Partners, LP, Q2 2026: revenue $342M (+37% year over year), operating margin 29.3%, net earnings $45.7M, operating cash flow $146M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 29.3% | 30.6% | -1.3 pts |
| Net margin | 13.3% | 11.4% | +1.9 pts |
| Free cash flow margin | 31.7% | 40.4% | -8.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Contract operations revenue | $319M | $242M | $77.3M | +32% |
| Retail parts and services revenue | $22.7M | $8.0M | $14.7M | +185% |
| Revenue | $342M | $250M | $92.0M | +37% |
| Operating profit | $100M | $76.6M | $23.8M | +31% |
| Costs & expenses | $242M | $174M | $68.2M | +39% |
| Pre-tax earnings | $51.1M | $28.9M | $22.2M | +77% |
| Other expense, net | $49.3M | $47.7M | $1.6M | +3% |
| Cost of revenue | $125M | $86.5M | $38.3M | +44% |
| SG&A | $28.9M | $12.9M | $16.0M | +124% |
| Other operating costs | $88.1M | $74.1M | $14.0M | +19% |
| Net earnings | $45.7M | $28.6M | $17.1M | +60% |
| Income tax | $5.5M | $391K | $5.1M | 14× |
| Depreciation & amortization | $89.1M | $70.8M | $18.2M | +26% |
| Share-based compensation | $1.6M | $0 | $1.6M | — |
| Working capital & other | $9.4M | $24.8M | −$15.5M | -62% |
| Operating cash flow | $146M | $124M | $21.4M | +17% |
| Free cash flow (OCF − capex) | $108M | $101M | $7.2M | +7% |
| Capital expenditures | $37.4M | $23.2M | $14.2M | +61% |
Questions
How much did USA Compression Partners, LP's revenue grow year over year in Q2 2026?
USA Compression Partners, LP's revenue rose $92.0M (+37%) from $250M in Q2 2025 to $342M in Q2 2026.
What drove USA Compression Partners, LP's revenue change in Q2 2026?
Contract operations revenue +$77.3M (+32%); Retail parts and services revenue +$14.7M (+185%).