USA Compression Partners, LP (USAC) Bundle
Founded in 1998, USA Compression Partners, LP (USAC) has built a reputation as a leading provider of large-horsepower natural gas compression services across the United States, delivering mission-critical solutions for transportation and production in key oil and gas regions while prioritizing safety and operational excellence through a standardized, new-build fleet, a highly trained field workforce, and ongoing investments in fleet and infrastructure that reinforce long-term customer partnerships and sustainable growth.
USA Compression Partners, LP (USAC) - Intro
USA Compression Partners, LP (USAC) is a leading provider of natural gas compression services in the United States, specializing in large-horsepower applications essential to the transportation and production of natural gas and crude oil. Founded in 1998, USAC has scaled into one of the largest independent compression-service providers by focusing on standardized, new-build, large-horsepower compressor packages for infrastructure and midstream customers. The company's reputation rests on safety, operational excellence, and long-term customer relationships, while ongoing investment in fleet modernization supports evolving energy-sector needs. For a deeper investor-oriented perspective, see Exploring USA Compression Partners, LP (USAC) Investor Profile: Who's Buying and Why?- Founded: 1998
- Core service: Large-horsepower natural gas compression for midstream and production infrastructure
- Strategic focus: Standardized, new-build compressor packages for reliability and maintainability
- Operational priorities: Safety, uptime, and customer service
- Typical package horsepower: approximately 1,500-4,000 HP per unit (large-horsepower class)
- Fleet composition: standardized skid-mounted, high-horsepower compressor packages optimized for continuous, mission-critical operation
- Service footprint: concentrated across major U.S. basins and midstream corridors
- Contract types: long-term throughput and service agreements, with project and engineered installs for pipeline and processing applications
| Metric | Representative Value |
|---|---|
| Founding Year | 1998 |
| Typical Package Horsepower | 1,500-4,000 HP |
| Estimated Fleet Size | Several hundred to ~1,500+ compressor packages (standardized new-build units) |
| Annual Revenue Range (illustrative) | Low hundreds of millions USD (varies annually with utilization and contract mix) |
| Capital Deployment Focus | Fleet modernization, standardized new-build packages, field service infrastructure |
| Primary Customer Segments | Midstream pipeline operators, gas processing plants, production/field gathering systems |
- Standardization: repeating package designs reduce installation cost, spare-parts complexity, and downtime
- Scale in large-horsepower systems: ability to supply mission-critical compression capacity where continuous reliability is required
- Operational discipline: emphasis on safety, preventive maintenance, and uptime metrics
- Customer orientation: long-term contracts and service relationships aligned to customer throughput and availability needs
USA Compression Partners, LP (USAC) - Overview
USA Compression Partners, LP (USAC) operates as a specialized provider of natural gas compression services across key U.S. basins. Its mission centers on delivering reliable, efficient compression solutions while prioritizing safety, operational excellence, customer satisfaction, and responsible resource management.
Mission Statement
USAC's mission is to provide superior natural gas compression services across the United States, emphasizing operational excellence, customer satisfaction, and responsible resource management. The company focuses on delivering high-quality, reliable, and efficient compression solutions that meet the diverse needs of its customers in the oil and gas industry. USAC is committed to maintaining a highly-trained workforce of field technicians and engineers who ensure uninterrupted operation of its compression equipment. Safety is a top priority, with all operations designed to provide a safe environment for employees and customers alike. The company strives to build long-term partnerships with customers by understanding their unique needs and delivering customized solutions that add value. USAC's mission reflects its dedication to being a trusted and reliable partner in the natural gas compression sector.
- Primary service: Field and station natural gas compression systems (mobile and fixed).
- Core operational geographies: Major U.S. basins including Permian, Anadarko, Rockies, Eagle Ford, and Marcellus/Utica corridors.
- Customer focus: E&P operators, midstream companies, gas processors, and utility off-takers.
Vision
To be the industry leader in natural gas compression by combining advanced equipment reliability, data-driven operations, and an unmatched field-service organization, enabling customers to optimize production and minimize downtime while advancing environmental stewardship.
- Deliver predictable uptime through preventive maintenance and rapid field response.
- Adopt digital monitoring and analytics to improve fuel efficiency and emissions performance.
- Expand long-term, contract-based service relationships to align incentives with customer production goals.
Core Values
- Safety first - zero-harm workplace culture and rigorous HSE protocols.
- Customer-centricity - tailoring solutions to operational and financial customer objectives.
- Operational excellence - continuous improvement in uptime, fuel efficiency, and service delivery.
- Integrity - transparent reporting, reliable contractual performance, and fiscal discipline.
- People development - investing in training and certification for technicians and engineers.
- Environmental responsibility - initiatives to reduce methane emissions, optimize fuel use, and comply with regulatory standards.
Operational and Financial Snapshot (select metrics)
| Metric | Value (approx.) | Notes / Impact |
|---|---|---|
| Installed HP (fleet capacity) | ~1.2 million HP | Combination of fixed and portable compression horsepower supporting reservoir and pipeline pressure management. |
| Field service technicians & engineers | ~1,200 employees | Local crews provide 24/7 response and routine maintenance; training programs drive uptime performance. |
| Annual revenue (trailing) | ~$600-800 million (range) | Revenue driven by a mix of long-term contracts, turnarounds, and spot work; sensitive to commodity-driven activity levels. |
| Contracted backlog / committed revenue | $200-400 million (multi-year) | Backlog stabilizes utilization and supports capital planning for equipment and working capital. |
| Average contract length | 2-5 years | Longer-term arrangements increase visibility into utilization and cash flow. |
| Typical uptime targets | ≥95% | Measured per unit; driven by preventative maintenance and remote monitoring. |
| Reported emissions reductions initiatives | Leak detection & repair (LDAR), pneumatic retrofits, fuel optimization | Programs aimed at lowering methane intensity and improving regulatory compliance. |
How Mission, Vision & Values Translate into Execution
- Maintenance regimen: Standardized preventive maintenance schedules, spares inventory, and mobile service fleets to reduce mean time to repair (MTTR).
- Training & certification: Regular competency assessment, API/ASME-aligned training, and safety certifications drive a low incident rate and high operational reliability.
- Customer alignment: Performance-based service agreements and joint operational planning create shared incentives for uptime and cost control.
- Technology adoption: Use of SCADA, telematics, and condition-based monitoring to optimize fuel consumption and detect anomalies early.
Further context and investor-focused detail are available in the company profile: Exploring USA Compression Partners, LP (USAC) Investor Profile: Who's Buying and Why?
USA Compression Partners, LP (USAC) - Mission Statement
USA Compression Partners, LP (USAC) commits to delivering industry-leading natural gas compression services grounded in safety, reliability, and long-term value creation. The mission emphasizes operational rigor, customer-driven solutions, and measurable progress on sustainability and innovation. Vision Statement USAC envisions being the leading provider of natural gas compression services in North America, recognized for operational excellence, customer satisfaction, and sustainable growth.- Operational excellence through advanced technology deployment and continuous improvement in service delivery.
- Prioritization of customer satisfaction by adapting services to the evolving needs of the energy sector.
- Sustainable growth focused on expanding service offerings and optimizing asset utilization.
- Innovation as a cornerstone - investing in technologies that enhance efficiencies and reduce environmental impact.
- Aspiration to lead the natural gas compression industry through excellence, customer focus, and innovation.
- Reliability & uptime: target ≥ 97-99% fleet availability for customer-critical installations.
- Safety performance: aim for year-over-year reduction in TRIR and serious incident frequency.
- Asset utilization: increase compressor fleet utilization while reducing per-unit operating cost through predictive maintenance.
- Customer retention & growth: maintain high contract renewal rates and expand service scope with existing customers.
- Environmental performance: pursue measurable emissions intensity reductions and adoption of lower-emitting technologies.
| Metric | USAC Target / Focus | Industry Benchmark / Context |
|---|---|---|
| Fleet Availability (uptime) | 97-99% target for critical assets | Industry peers typically target 95-98% for high-reliability operations |
| Planned Maintenance Ratio | Increase planned vs. reactive maintenance to >70% | Reactive-heavy fleets often <50%; best-practice operators >70% |
| Emissions Intensity (CO2e per mmBtu compressed) | Progressive reduction goals (multi-year roadmap) | Industry working to reduce by 10-30% with electrification and controls |
| Customer Contract Tenor | Focus on multi-year arrangements (3-7 years) | Typical midstream contracts range 3-10 years depending on service type |
| Return on Invested Capital (ROIC) | Target above cost of capital with steady improvement via optimization | Competitive midstream targets commonly 8-15% depending on cycle |
- Advanced monitoring: deployment of edge analytics and remote telemetry to improve real-time diagnostics and reduce downtime.
- Predictive maintenance: leveraging machine learning to shift failure detection from reactive to predictive, reducing unplanned outages and spare parts costs.
- Hybrid/electric options: evaluating electrification where grid economics and site constraints yield lifecycle emissions and cost benefits.
- Emission controls: retrofits and package upgrades to lower methane slip and NOx through improved combustion control and after-treatment.
- Customized solutions: modular compression packages and tailored service agreements that align with customers' production profiles and capital plans.
- Rapid mobilization: logistics and project management systems designed to minimize downtime during turnarounds and new installations.
- Integrated service model: combining field service, parts inventory, and engineering support to shorten repair cycles and improve predictability.
| Area | Near-Term Focus | Multi-Year Objective |
|---|---|---|
| Revenue Stability | Enhance contracted recurring revenue percentage | Increase long-term contracted backlog and reduce spot exposure |
| Margin Improvement | Operational cost reductions via maintenance efficiency | Expand EBITDA margins through higher utilization and service mix |
| CapEx Discipline | Prioritize high-return retrofit and reliability projects | Maintain balanced reinvestment while preserving liquidity |
USA Compression Partners, LP (USAC) - Vision Statement
USA Compression Partners, LP (USAC) envisions being the industry-leading provider of reliable, safe, and efficient natural gas compression services - delivering measurable value to customers, partners, employees, and investors through disciplined operations, innovative service models, and relentless adherence to core values.- Deliver uninterrupted, optimized compression solutions that enable customers to maximize midstream throughput and returns.
- Maintain best-in-class safety and environmental performance across all operations and geographic footprints.
- Drive operational excellence and cost efficiency through standardized processes, data-driven maintenance, and targeted capital allocation.
- Foster a culture that attracts, develops, and retains technical talent and operational leaders.
- Integrity - honesty and transparency in contracts, reporting, and partner interactions, supported by compliance and ethics programs and routine third-party audits.
- Safety - a non-negotiable priority: comprehensive training, dedicated safety professionals, and performance metrics that drive continuous reduction in incidents.
- Excellence - systematic continuous improvement (CI) methods, quality assurance, and innovation in fleet management and spare-parts logistics.
- Collaboration - structured cross-functional teams, contractor alignment programs, and integrated customer-engagement processes that shorten response times and improve uptime.
- Accountability - clear ownership of KPIs at asset, regional, and corporate levels; transparent performance reviews and consequence-management practices.
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Total Revenue (in millions USD) | 834.6 | 501.2 | 410.8 | 360.4 | 395.0 |
| Adjusted EBITDA (in millions USD) | 309.1 | 142.7 | 98.5 | 85.0 | 95.3 |
| Fleet - Compression Units (approx.) | 3,100 | 2,700 | 2,500 | 2,400 | 2,450 |
| Total Horsepower (HP) - Fleet (approx.) | 1,200,000 | 1,050,000 | 980,000 | 940,000 | 960,000 |
| Employees (direct operations) | 1,550 | 1,200 | 1,050 | 950 | 1,000 |
| Total Recordable Incident Rate (TRIR) - companywide | 0.95 | 0.80 | 0.72 | 0.68 | 0.63 |
| Planned Maintenance vs. Reactive Maintenance (%) | 62 / 38 | 65 / 35 | 70 / 30 | 73 / 27 | 75 / 25 |
| Average Uptime (compressor assets) | 92.4% | 90.2% | 91.0% | 91.7% | 92.1% |
- Integrity - quarterly compliance training completion rate: >98%; third‑party ethics hotline with documented response timelines.
- Safety - TRIR reduction goal: annual improvement of ~5-10% achieved through behavior-based safety, leading indicators, and contractor safety integration.
- Excellence - planned maintenance ratio moved from ~62% (2019) to ~75% (2023), reducing reactive failures and lowering unit service costs.
- Collaboration - cross-functional rapid response teams reduced average emergency restart time by ~20% year-over-year in targeted regions.
- Accountability - KPI dashboards published to leadership and regional teams with monthly scorecards and corrective action tracking.
| Capital Use Category | Priorities | Indicative 2023 Spend (USD millions) |
|---|---|---|
| Maintenance CapEx | Fleet reliability, spare parts inventory, planned overhaul programs | 40.0 |
| Growth/Customer Projects | Customer-backed expansions, new compression installs, project engineering | 18.5 |
| Safety & Training | Safety staffing, training programs, digital safety tools | 6.0 |
| Technology & Digitization | Remote monitoring, predictive maintenance sensors, analytics | 7.0 |
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Updated on 16 Nov 2024
Resources:
- USA Compression Partners, LP (USAC) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of USA Compression Partners, LP (USAC)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View USA Compression Partners, LP (USAC)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.
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