USA Compression Partners, LP
In the published model solve dated 2026-Q2, anchored at $25.27, USA Compression Partners, LP (USAC) is priced for -0.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• USA Compression Partners rents large-horsepower natural-gas compression equipment under contract, a fee-based service whose fleet ran at 92.4% horsepower utilization at the end of 2024, near practical capacity. [Source: USAC FY2024 10-K] • The defining feature is leverage: the partnership carries about $3.0 billion of total debt, roughly nine times operating income, against which it pays a high distribution covered 1.72 times by distributable cash flow in Q1 2026. [Source: USAC Q1 2026 earning
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113 institutional managers reported holding USAC in 13F filings for the quarter ended 2026-03-31. Together they hold about 35% of the company; the top 10 hold 32%. 22 opened new positions that quarter. Held by Invesco, Goldman Sachs, Morgan Stanley, among others. On the short side, 2.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (11.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at USAC over the trailing three years: 2024: 1 buy totaling $247k; 2025: 5 buys totaling $235k; 2026: 1 buy totaling $268k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
USAC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +0.1% | +19.5% |
| 2023-11-01 | +2.5% | -4.0% |
| 2024-02-14 | -4.8% | +9.8% |
| 2024-05-08 | +4.0% | -5.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
USAC's latest 8-K filings: 2026-11-03 (items 2.02, 9.01); 2026-10-05 (items 3.02, 5.03, 9.01); 2026-09-24 (items 1.01, 2.03, 9.01); 2026-09-11 (items 8.01, 9.01); 2026-09-10 (items 3.01, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.