Recent Updates — USAC
On October 1, 2026, USA Compression Partners consummated an internal reorganization by issuing 34,467,347 newly created Class A limited partner interests to its indirect subsidiary J-W Energy Company. The units were valued at $26.7206 per unit based on a 15-day volume-weighted average price, totaling approximately $920 million in consideration for the contribution of J-W Energy's interest in a wholly owned subsidiary. These Class A Units are non-convertible, non-redeemable, and not publicly traded. They carry a fixed distribution rate of 9.25% per annum (2.3125% quarterly) on the issue price but lack voting rights except as required by law or the partnership agreement. The transaction was exempt from registration under Section 4(a)(2). USA Compression Partners operates in the oil and gas sector, providing compression services.
USA Compression Partners, LP issued $600 million in aggregate principal amount of 6.750% senior notes due 2035 on September 18, 2026. The partnership entered into an indenture with U.S. Bank Trust Company as trustee, under which the notes are guaranteed jointly and severally by existing subsidiaries and certain future restricted subsidiaries. Interest accrues at 6.750% per year, payable semi-annually in arrears on April 1 and October 1, commencing April 1, 2027. Net proceeds will be used to repay outstanding borrowings under the partnership's credit agreement and pay offering fees and expenses. The notes include redemption options for up to 40% of the principal at a premium of 106.750% prior to October 1, 2029, using net equity proceeds, as well as standard make-whole and change-of-control repurchase provisions. USA Compression Partners operates in the oil and gas compression services industry.
USA Compression Partners, LP announced the pricing of a $600 million private placement of 6.750% senior unsecured notes due in 2035 at par. The offering is expected to close on September 18, 2026, generating net proceeds of approximately $592.1 million after discounts and expenses. The partnership intends to use the proceeds to repay outstanding borrowings under its credit agreement and pay related fees and expenses. USA Compression Partners operates in the oil and gas compression services industry.
USA Compression Partners, LP approved the voluntary withdrawal of its common units from listing on the New York Stock Exchange (NYSE) and their transfer to the Texas Stock Exchange (TXSE). Trading on the NYSE is expected to end at market close on October 2, 2026, with trading beginning on the TXSE at market open on October 5, 2026. The ticker symbol USAC will remain unchanged, and no action is required by unitholders. This move aligns the company's Texas-based legacy with the TXSE's platform to support continued growth. USA Compression Partners, LP operates in the midstream energy sector as one of the nation’s largest independent providers of natural gas compression services.
USA Compression Partners, LP reported second-quarter 2026 financial results on August 4, 2026, showing total revenues of $342.1 million and net income of $45.7 million, compared to $250.1 million and $28.6 million in the prior year period. Adjusted EBITDA increased to $193.2 million from $149.5 million, while Distributable Cash Flow rose to $125.3 million from $89.9 million. The partnership confirmed its full-year 2026 guidance for Adjusted EBITDA between $770 million and $800 million. It also announced a quarterly cash distribution of $0.525 per common unit, payable on August 7, 2026, to unitholders of record as of July 27, 2026. USA Compression Partners operates in the midstream energy sector, providing natural gas compression services.