Filing Flows › USA Compression Partners, LP (USAC) › Q3 2025
USA Compression Partners, LP (USAC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
USA Compression Partners, LP (USAC) reported revenue of $250M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +0.1% from the quarter before. Operating margin was 33.5%, net earnings $34.5M (13.8% of revenue).
USA Compression Partners, LP, Q3 2025: revenue $250M (+4% year over year), operating margin 33.5%, net earnings $34.5M, operating cash flow $75.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | +0.1% | +4% |
| Operating profit | $83.9M | +10% | +11% |
| Net earnings | $34.5M | +21% | +78% |
| Operating cash flow | $75.9M | -39% | +57% |
| Free cash flow | $51.9M | -49% | +162% |
What changed
Revenue was $250.3M in Q3 2025, up 4% year over year and roughly flat from the previous quarter. Contract operations revenue was the largest line at 97% of revenue. Contract operations revenue added $8.8M year over year (up 4%), 86% of the total change.
Operating profit was $83.9M, a 33.5% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 80% reached operating profit, above the 32% margin then. Total costs grew 1% against revenue growth of 4%. Net earnings were $34.5M, up 78% year over year. The effective tax rate was 6.5%.
Operating cash flow was $75.9M (up 57% year over year), 220% of net earnings. Non-cash charges added back $71.2M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $31.0M. Capital expenditures of $24.0M left free cash flow of $51.9M.
Questions
What was USA Compression Partners, LP's revenue in the third quarter 2025?
USA Compression Partners, LP (USAC) reported revenue of $250M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +0.1% from the quarter before.
Was USA Compression Partners, LP profitable in the third quarter 2025?
Operating profit was $83.9M (33.5% of revenue) and net earnings $34.5M.