Filing Flows › USA Compression Partners, LP (USAC) › Q3 2026
USA Compression Partners, LP (USAC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
USA Compression Partners, LP (USAC) reported revenue of $357M for the third quarter 2026 (Q3 2026), +43% from a year earlier and +4% from the quarter before. Operating margin was 28.6%, net earnings $47.3M (13.3% of revenue).
USA Compression Partners, LP, Q3 2026: revenue $357M (+43% year over year), operating margin 28.6%, net earnings $47.3M, operating cash flow $118M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $357M | +4% | +43% |
| Operating profit | $102M | +2% | +22% |
| Net earnings | $47.3M | +4% | +37% |
| Operating cash flow | $118M | -19% | +55% |
| Free cash flow | $14.2M | -87% | -73% |
What changed
Revenue was $357.2M in Q3 2026, up 43% year over year and up 4% from the previous quarter. Contract operations revenue was the largest line at 91% of revenue. Contract operations revenue added $83.1M year over year (up 34%), 78% of the total change.
Operating profit was $102.2M, a 28.6% margin (down 4.9 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, below the 34% margin then. Total costs grew 53% against revenue growth of 43%. The fastest-growing cost line was SG&A (+85%). Net earnings were $47.3M, up 37% year over year. The effective tax rate was 10.7%.
Operating cash flow was $117.7M (up 55% year over year), 249% of net earnings. Non-cash charges added back $89.1M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $20.2M. Capital expenditures of $103.5M left free cash flow of $14.2M.
Questions
What was USA Compression Partners, LP's revenue in the third quarter 2026?
USA Compression Partners, LP (USAC) reported revenue of $357M for the third quarter 2026 (Q3 2026), +43% from a year earlier and +4% from the quarter before.
Was USA Compression Partners, LP profitable in the third quarter 2026?
Operating profit was $102M (28.6% of revenue) and net earnings $47.3M.