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USA Compression Partners, LP vs Summit Midstream: USAC and SMC compared
USA Compression Partners, LP is the larger company: $357M of revenue in its latest quarter (Q3 2026) against $155M for Summit Midstream (Q2 2026). USA Compression Partners, LP is growing faster (+43% against +11% a year earlier). USA Compression Partners, LP is more profitable, with an operating margin of 28.6% against 16.1%.
Where the money goes: USAC and SMC
USA Compression Partners, LP (USAC) · Q3 2026
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.
Summit Midstream (SMC) · Q2 2026
Summit Midstream, Q2 2026: revenue $155M (+11% year over year), operating margin 16.1%, net earnings $1.6M, operating cash flow $43.9M. The chart follows the revenue to costs, profit and cash.
| USA Compression Partners, LP (USAC) | Summit Midstream (SMC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $357M | $155M |
| Revenue growth, Y/Y | +43% | +11% |
| Operating margin | 28.6% | 16.1% |
| Net earnings | $47.3M | $1.6M |
| Net margin | 13.3% | 1.0% |
| Operating cash flow | $118M | $43.9M |
| Free cash flow | $14.2M | $18.9M |
| Market value | $3.6B | — |
| P/E | 22.7× | — |
| Analysts’ mean target | $29.80 | — |
Where the revenue comes from
USA Compression Partners, LP
- Contract operations revenue: $326M (91%)
- Retail parts and services revenue: $31.3M (9%)
Summit Midstream
- Natural gas, NGLs and condensate sales: $84.1M (54%)
- Gathering services and related fees: $62.7M (40%)
- Other revenues: $8.2M (5%)
Questions
Which is bigger, USA Compression Partners, LP or Summit Midstream?
USA Compression Partners, LP is the larger company: $357M of revenue in its latest quarter (Q3 2026) against $155M for Summit Midstream (Q2 2026).
Is USA Compression Partners, LP or Summit Midstream growing faster?
USA Compression Partners, LP is growing faster (+43% against +11% a year earlier).
Which is more profitable, USA Compression Partners, LP or Summit Midstream?
USA Compression Partners, LP is more profitable, with an operating margin of 28.6% against 16.1%.
More: USA Compression Partners, LP earnings · how USA Compression Partners, LP makes money · Summit Midstream earnings · how Summit Midstream makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.