USA Compression Partners delivered a significant top-line beat for the third quarter 2026, with results bolstered by the ongoing integration of the J-W Power assets and improved pricing power. While horsepower utilization saw a slight year-over-year decline, the partnership expanded its distributable cash flow coverage and updated its full-year guidance to reflect increased visibility in its contract pipeline.
Key Highlights
- Total revenues reached $357.2 million, a 43% increase over the prior year and significantly exceeding the analyst estimate of $248.5 million.
- Distributable Cash Flow rose to $127.1 million, resulting in a coverage ratio of 1.67x compared to 1.61x in third quarter 2025.
- Average revenue per revenue-generating horsepower per month increased to $23.14, up from $21.46 in the prior year period.
- The partnership updated its full-year 2026 Adjusted EBITDA guidance to a range of $770 million to $780 million.