USA Compression Partners (NYSE:USAC) reported record total revenues of $252.5 million for the fourth quarter of 2025, up from $245.9 million in the year-ago period, reflecting continued strength in its contract compression business serving upstream and midstream natural gas producers.
Net income rose to $27.8 million from $25.4 million in the prior-year quarter, while net cash provided by operating activities increased to $139.5 million from $130.2 million.
Adjusted EBITDA came in at $154.5 million, modestly below the $155.5 million recorded in fourth-quarter 2024, primarily due to higher maintenance and expansion capital expenditures to support fleet growth and reliability.
Distributable cash flow improved to $103.2 million from $96.3 million, though coverage of the partnership's cash distribution declined to 1.36 times from 1.56 times, reflecting the impact of elevated capital spending in a high-demand environment for compression horsepower.
The partnership also declared and paid a cash distribution of $0.525 per common unit for the fourth quarter, unchanged from the year-ago level and consistent with its long-standing quarterly payout policy.