USA Compression Partners, LP Business Summary

USA Compression Partners, LP (USAC) operates a fee-based business model centered on contract operations, providing mission-critical natural gas compression services to the midstream and upstream sectors. The company generates recurring revenue by leasing its extensive fleet of engine-driven compressors under long-term, fixed-fee contracts that include comprehensive maintenance and on-site operational support. Its primary business segment focuses on high-horsepower (HP) infrastructure applications, which account for over 75% of its active fleet and are essential for the gathering, processing, and transportation of natural gas through domestic pipeline systems. Following its $860 million acquisition of J-W Power Company in January 2026, USAC has solidified its position as a dominant independent provider in the United States, maintaining a specialized niche in large-scale, "must-run" infrastructure. It competes directly with Archrock, Inc. (AROC), Kodiak Gas Services (KGS), and Enerflex Ltd. (EFX), distinguishing itself through its high-horsepower asset concentration and strategic geographic density in major shale plays like the Permian and Marcellus basins. The partnership was co-founded in 1998 by Eric D. Long, who served as the primary architect of its growth until his retirement in late 2024. The current leadership team is led by President and CEO Clint Green, an industry veteran who previously held senior leadership roles at Energy Transfer. He is supported by Senior Vice President and CFO Christopher M. Paulsen, who joined from Pioneer Natural Resources, and Senior Vice President and COO Christopher Wauson, an operations specialist who has overseen the fleet since early 2025. USA Compression is strategically controlled by Energy Transfer LP (ET), which owns the general partner and approximately 46.9% of the common units. The board of directors includes notable members such as Thomas E. Long, Co-CEO of Energy Transfer, and Dylan A. Bramhall, ensuring deep alignment with one of the largest energy midstream portfolios in North America.