Reports financial and operational results for the fiscal year ended December 31, 2025.
USA Compression Partners, LP, has announced that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission. The filing provides a comprehensive overview of the company’s financial performance, operations, and strategic direction over the past year, offering investors and stakeholders a detailed look at its position within the natural gas infrastructure sector.
The Annual Report on Form 10-K is one of the most important regulatory documents filed by publicly traded companies in the United States. It includes audited financial statements, management’s discussion and analysis, risk factors, and a thorough description of the company’s business and operations. For USA Compression, the filing reflects another year of activity in the energy infrastructure space, where demand for reliable natural gas transportation and processing services continues to play a central role in the broader energy economy.
The company has made the full report available to investors through its website in the Investor Relations section under Financials-SEC Filings. It is also accessible through the SEC’s official website. In addition, USA Compression is offering shareholders and interested investors the option to request a printed copy of the report, including financial statements, free of charge by contacting the company’s Investor Relations office at its Dallas headquarters.
A Key Milestone in Annual Reporting
The filing of a Form 10-K represents a critical annual milestone for public companies. It provides transparency into a company’s performance and ensures that investors have access to consistent, standardized information. For USA Compression, the filing allows the market to evaluate the company’s operational results, financial health, and strategic priorities for the coming years.
Annual reports also serve as a reflection of how a company navigates the challenges and opportunities of its industry. In the case of USA Compression, its operations are closely tied to trends in natural gas production, infrastructure development, and energy demand across the United States. As natural gas continues to play a significant role in power generation, industrial use, and export markets, companies that provide midstream services remain a crucial link in the energy value chain.
Overview of USA Compression’s Business
USA Compression Partners, LP is one of the largest independent providers of natural gas compression services in the United States when measured by total compression fleet horsepower. The company’s primary role is to support the movement of natural gas from production sites through gathering systems, processing plants, and transportation pipelines.
Compression is a critical step in the natural gas supply chain. As gas moves through pipelines, pressure naturally declines due to friction and distance. Compression equipment restores and maintains the necessary pressure to keep gas flowing efficiently from the wellhead to end markets. Without compression, large-scale transportation of natural gas over long distances would not be feasible.
USA Compression specializes in midstream compression services, which are typically used after natural gas has been produced but before it reaches end users. These services are essential in high-volume gathering systems, processing facilities, and major transportation pipelines. By focusing on this segment of the energy infrastructure, the company plays a central role in enabling consistent and reliable gas flows across multiple regions.
Broad Customer Base Across the Energy Sector
The company’s customer base spans several segments of the energy industry. USA Compression partners with:
- Natural gas producers
- Processing companies
- Gathering system operators
- Pipeline transporters
- Crude oil producers and midstream operators
This diversified customer mix helps reduce reliance on any single segment of the market. It also positions the company to benefit from activity across different parts of the energy value chain. As upstream production increases, the need for gathering and processing grows, which in turn drives demand for compression services.
Similarly, expansion of pipeline infrastructure and export facilities creates additional requirements for reliable compression capacity. By serving multiple types of customers, USA Compression maintains a steady stream of business tied to essential infrastructure rather than short-term commodity price fluctuations.
Focus on Infrastructure-Driven Demand
One of the defining characteristics of USA Compression’s business model is its focus on infrastructure applications. Unlike some service providers that are closely tied to drilling cycles, the company emphasizes long-term contracts in high-volume gathering and transportation systems.
These infrastructure-focused projects typically involve large-scale, long-duration operations. Compression equipment is often installed at key points along pipelines or processing systems and operates continuously to maintain pressure levels. Because these systems are critical to energy transportation, demand for compression services tends to remain more stable over time.
This approach provides several strategic advantages:
- Long-term revenue visibility: Contracts tied to infrastructure projects often span multiple years.
- Stable utilization rates: Equipment in major pipeline or processing systems typically runs at high utilization levels.
- Reduced exposure to short-term commodity swings: Infrastructure demand is driven more by overall production volumes and transportation needs than by day-to-day price changes.
Role in the Natural Gas Economy
Natural gas continues to be a central component of the U.S. energy mix. It is widely used for electricity generation, heating, industrial processes, and as a feedstock for chemicals and fertilizers. In addition, the United States has become one of the world’s leading exporters of liquefied natural gas (LNG), further increasing the importance of reliable infrastructure.
Compression services play a foundational role in this system. Every stage of the natural gas supply chain—from gathering and processing to long-distance transmission—relies on compression to keep gas moving efficiently.
As production grows in key basins and new infrastructure projects come online, demand for compression services tends to increase. Companies like USA Compression are therefore positioned at a critical junction between upstream production and downstream consumption.
Importance of the 10-K for Investors
The company’s Annual Report on Form 10-K provides detailed financial statements, including:
- Income statements
- Balance sheets
- Cash flow statements
- Notes to the financial statements
It also includes management’s discussion and analysis, which explains the company’s financial results, operational trends, and outlook. Investors often use this section to better understand the factors that influenced performance during the year.
In addition, the report outlines key risk factors. These may include changes in commodity prices, regulatory developments, customer concentration, or broader economic conditions. By reviewing these disclosures, investors can assess both the opportunities and potential challenges facing the company.
Transparency and Investor Access
USA Compression’s decision to make its 10-K easily accessible through its website reflects a broader industry trend toward increased transparency and investor engagement. By providing online access to financial filings, companies make it easier for shareholders, analysts, and potential investors to stay informed.
The option to request a printed copy of the report also ensures accessibility for investors who prefer physical documents or who may not have consistent internet access.
Strategic Positioning for the Future
As the energy landscape evolves, midstream service providers like USA Compression continue to adapt to changing market dynamics. Factors such as increased LNG exports, power generation demand, and infrastructure expansion are likely to shape the future of natural gas transportation.
Companies that focus on essential infrastructure services—particularly those tied to long-term, high-volume applications—are often better positioned to navigate market cycles. USA Compression’s emphasis on midstream compression for major gathering, processing, and transportation systems aligns with this strategy.
While commodity prices and production levels can fluctuate, the need to move natural gas from supply regions to demand centers remains constant. This fundamental requirement underpins the long-term demand for compression services
