USA Compression Reports Q3 2026 Revenue of $357.2 Million, Net Income of $47.3 Million

What happened

USA Compression reported third-quarter 2026 revenue of $357.2 million and net income of $47.3 million, versus $250.3 million and $34.5 million a year earlier. It declared a quarterly distribution of $0.525 per common unit and updated its 2026 adjusted EBITDA outlook to $770 million to $780 million.

Confirmed

Global impact / market context

Higher revenue and net income show the company is earning more from renting out its natural gas compression equipment. A larger distribution rewards unit holders with cash, while the updated profit outlook helps investors judge whether future payouts and expansion spending can be sustained.

Analyst inference

Average revenue-generating horsepower rose to 4.48 million from 3.55 million, yet utilization slipped to 92.1% from 94.0%. That means added equipment is not fully booked, so future revenue growth depends on finding customers for idle capacity rather than only raising rates.

Analyst inference

What to watch

1. Watch whether average horsepower utilization recovers from 92.1%, a measure of how much of the rental fleet is actually earning revenue each month. Confirmed
2. The company proposed an updated 2026 adjusted EBITDA outlook of $770 million to $780 million, so compare later results against that range to judge forecast accuracy. Proposed
3. Track distributable cash flow coverage of 1.67x, which means cash available covers the unit distribution 1.67 times; a falling ratio could signal less room for future payout increases. Analyst inference

Evidence

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