USA Compression Partners (USAC) 10-Q 5 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-35779
Entity Registrant Name	USA Compression Partners, LP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2771546
Entity Address, Address Line One	111 Congress Avenue
Entity Address, Address Line Two	Suite 2400
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78701
City Area Code	512
Local Phone Number	473-2662
Title of 12(b) Security	Common units representing limited partner interests
Trading Symbol	USAC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Units outstanding (in units)		117,022,833
Entity Central Index Key	0001522727
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 79	$ 11
Inventories	146,755	114,728
Derivative instrument	0	5,670
Prepaid expenses and other assets	9,261	10,617
Total current assets	262,353	226,447
Property and equipment, net	2,291,976	2,237,625
Lease right-of-use assets	15,374	17,290
Identifiable intangible assets, net	223,618	245,652
Other assets	10,306	9,746
Total assets	2,803,627	2,736,760
Current liabilities:
Accounts payable	31,632	39,781
Accrued liabilities	83,603	85,132
Deferred revenue	67,896	62,589
Total current liabilities	183,131	187,502
Long-term debt, net	2,532,398	2,336,088
Operating lease liabilities	12,601	14,731
Derivative instrument, long term	0	4,466
Other liabilities	13,942	10,924
Total liabilities	2,742,072	2,553,711
Commitments and contingencies
Preferred Units	168,809	476,334
Partners’ deficit:
Common units, 117,022,833 and 100,986,011 units issued and outstanding, respectively	(107,254)	(293,285)
Total liabilities, Preferred Units, and partners’ deficit	2,803,627	2,736,760
Nonrelated Party
Current assets:
Accounts receivable and related-party receivables	99,095	95,421
Related Party
Current assets:
Accounts receivable and related-party receivables	$ 7,163	$ 0

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 2,260	$ 2,260
Common units issued (in shares)	117,022,833	100,986,011
Common units outstanding (in shares)	117,022,833	100,986,011

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Total revenues	$ 239,968	$ 217,085	$ 704,557	$ 621,129
Costs and expenses:
Cost of operations, exclusive of depreciation and amortization	81,814	74,928	235,048	211,515
Depreciation and amortization	67,237	64,101	195,801	183,626
Selling, general, and administrative	15,364	20,085	52,364	54,136
Loss (gain) on disposition of assets	(123)	(3,865)	1,113	(3,932)
Impairment of compression equipment	0	882	311	12,346
Total costs and expenses	164,292	156,131	484,637	457,691
Operating income	75,676	60,954	219,920	163,438
Other income (expense):
Interest expense, net	(49,361)	(43,257)	(144,855)	(125,092)
Loss on extinguishment of debt	0	0	(4,966)	0
Gain (loss) on derivative instrument	(6,218)	3,437	5,684	17,987
Other	23	23	83	104
Total other expense	(55,556)	(39,797)	(144,054)	(107,001)
Net income before income tax expense	20,120	21,157	75,866	56,437
Income tax expense	793	255	1,728	1,010
Net income	19,327	20,902	74,138	55,427
Less: distributions on Preferred Units	(4,388)	(12,188)	(13,163)	(36,563)
Net income attributable to common unitholders’ interests	$ 14,939	$ 8,714	$ 60,975	$ 18,864
Weighted average common units outstanding - basic (in shares)	117,017	98,292	112,151	98,270
Weighted average common units outstanding - diluted (in shares)	118,256	100,263	113,296	99,915
Basic net income per common unit (in dollars per share)	$ 0.13	$ 0.09	$ 0.54	$ 0.19
Diluted net income per common unit (in dollars per share)	0.13	0.09	0.54	0.19
Distributions declared per common unit for respective periods (in dollars per share)	$ 0.525	$ 0.525	$ 1.575	$ 1.575
Contract operations
Revenues:
Total revenues	$ 220,518	$ 204,716	$ 662,265	$ 590,237
Parts and service
Revenues:
Total revenues	5,756	7,153	17,043	15,133
Related party
Revenues:
Total revenues	$ 13,694	$ 5,216	$ 25,249	$ 15,759

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Changes in Partners’ Capital (Deficit) - USD ($) $ in Thousands	Total	Common units	Warrants
Beginning balance partners’ capital (deficit) at Dec. 31, 2022	$ (116,299)	$ (125,111)	$ 8,812
Increase (Decrease) in Partners' Capital
Distributions and DERs	(51,602)	(51,602)	0
Issuance of common units under the DRIP	617	617	0
Unit-based compensation for equity-classified awards	69	69	0
Net income attributable to common unitholders’ interests	(1,246)	(1,246)	0
Ending balance partners’ capital (deficit) at Mar. 31, 2023	(168,461)	(177,273)	8,812
Beginning balance partners’ capital (deficit) at Dec. 31, 2022	(116,299)	(125,111)	8,812
Increase (Decrease) in Partners' Capital
Net income attributable to common unitholders’ interests	18,864
Ending balance partners’ capital (deficit) at Sep. 30, 2023	(250,621)	(259,433)	8,812
Beginning balance partners’ capital (deficit) at Mar. 31, 2023	(168,461)	(177,273)	8,812
Increase (Decrease) in Partners' Capital
Distributions and DERs	(51,617)	(51,617)	0
Issuance of common units under the DRIP	423	423	0
Unit-based compensation for equity-classified awards	69	69	0
Net income attributable to common unitholders’ interests	11,396	11,396	0
Ending balance partners’ capital (deficit) at Jun. 30, 2023	(208,190)	(217,002)	8,812
Increase (Decrease) in Partners' Capital
Distributions and DERs	(51,628)	(51,628)	0
Issuance of common units under the DRIP	414	414	0
Unit-based compensation for equity-classified awards	69	69	0
Net income attributable to common unitholders’ interests	8,714	8,714	0
Ending balance partners’ capital (deficit) at Sep. 30, 2023	(250,621)	(259,433)	$ 8,812
Beginning balance partners’ capital (deficit) at Dec. 31, 2023		(293,285)
Increase (Decrease) in Partners' Capital
Distributions and DERs		(54,098)
Issuance of common units under the DRIP		440
Unit-based compensation for equity-classified awards		78
Exercise and conversion of Preferred Units into common units		38,108
Net income attributable to common unitholders’ interests		19,185
Ending balance partners’ capital (deficit) at Mar. 31, 2024		(289,572)
Beginning balance partners’ capital (deficit) at Dec. 31, 2023		(293,285)
Increase (Decrease) in Partners' Capital
Net income attributable to common unitholders’ interests	60,975
Ending balance partners’ capital (deficit) at Sep. 30, 2024		(107,254)
Beginning balance partners’ capital (deficit) at Mar. 31, 2024		(289,572)
Increase (Decrease) in Partners' Capital
Distributions and DERs		(61,453)
Issuance of common units under the DRIP		331
Unit-based compensation for equity-classified awards		83
Exercise and conversion of Preferred Units into common units		262,592
Net income attributable to common unitholders’ interests		26,851
Ending balance partners’ capital (deficit) at Jun. 30, 2024		(61,168)
Increase (Decrease) in Partners' Capital
Distributions and DERs		(61,462)
Issuance of common units under the DRIP		354
Unit-based compensation for equity-classified awards		83
Net income attributable to common unitholders’ interests	$ 14,939	14,939
Ending balance partners’ capital (deficit) at Sep. 30, 2024		$ (107,254)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Partners’ Capital (Deficit) (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Common units
Distribution and DERs (in dollars per share)	$ 0.525	$ 0.525	$ 0.525	$ 0.525	$ 0.525	$ 0.525

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 74,138	$ 55,427
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	195,801	183,626
Amortization of debt issuance costs	6,503	5,460
Unit-based compensation expense	11,000	17,652
Deferred income tax expense (benefit)	427	(46)
Loss (gain) on disposition of assets	1,113	(3,932)
Loss on extinguishment of debt	4,966	0
Change in fair value of derivative instrument	1,204	(14,243)
Impairment of compression equipment	311	12,346
Changes in assets and liabilities:
Accounts receivable and related-party receivables, net	(10,837)	(13,462)
Inventories	(90,912)	(51,875)
Prepaid expenses and other current assets	1,356	(374)
Other assets	487	3,165
Accounts payable	(1,947)	(368)
Accrued liabilities and deferred revenue	16,709	(13,095)
Other liabilities	820	0
Net cash provided by operating activities	211,139	180,281
Cash flows from investing activities:
Capital expenditures, net	(175,836)	(159,048)
Proceeds from disposition of property and equipment	742	5,122
Proceeds from insurance recovery	0	535
Net cash used in investing activities	(175,094)	(153,391)
Cash flows from financing activities:
Proceeds from long-term borrowings	879,613	798,424
Proceeds from issuance of senior notes	1,000,000	0
Repayments of long-term borrowings	(948,215)	(631,305)
Investments in government securities in connection with legal defeasance of the Senior Notes 2026	(748,764)	0
Deferred financing costs	(18,603)	(379)
Other	(1,183)	(356)
Net cash used in financing activities	(35,977)	(26,919)
Increase (decrease) in cash and cash equivalents	68	(29)
Cash and cash equivalents, beginning of period	11	35
Cash and cash equivalents, end of period	79	6
Supplemental cash flow information:
Cash paid for interest, net of capitalized amounts	138,107	145,697
Cash paid for income taxes	1,461	1,146
Supplemental non-cash transactions:
Non-cash distributions to certain common unitholders (DRIP)	1,125	1,454
Transfers from inventories to property and equipment, net	58,499	39,027
Changes in capital expenditures included in accounts payable and accrued liabilities	(5,193)	2,681
Changes in financing costs included in accounts payable and accrued liabilities	(96)	6
Exercise and conversion of Preferred Units into common units	300,700	0
Government securities transferred in connection with the legal defeasance of the Senior Notes 2026	748,764	0
Legal defeasance of Senior Notes 2026	725,000	0
Common units
Cash flows from financing activities:
Cash distributions	(178,837)	(156,740)
Preferred Units
Cash flows from financing activities:
Cash distributions	$ (19,988)	$ (36,563)

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Unless otherwise indicated, the terms “our,” “we,” “us,” “the Partnership,” and similar language refer to USA Compression Partners, LP, collectively with its consolidated subsidiaries. We are a Delaware limited partnership. Through our operating subsidiaries, we provide natural gas compression services to customers under fixed-term contracts in the natural gas and crude oil industries, using compression packages that we design, engineer, own, operate, and maintain. We also own and operate a fleet of equipment used to provide natural gas treating services, such as carbon dioxide and hydrogen sulfide removal, cooling, and dehydration. We provide compression services in shale plays throughout the U.S., including the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara, and Fayetteville shales. USA Compression GP, LLC, a Delaware limited liability company, serves as our general partner and is referred to herein as the “General Partner.” The General Partner is wholly owned by Energy Transfer. The accompanying unaudited condensed consolidated financial statements include the accounts of the Partnership and its subsidiaries, all of which are wholly owned by us.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation Our accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP and pursuant to SEC rules and regulations. In the opinion of our management, financial information presented herein reflects all normal recurring adjustments necessary for the fair presentation of these interim unaudited condensed consolidated financial statements in accordance with GAAP. Operating results for the three and nine months ended September 30, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. Certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with SEC rules and regulations. Therefore, these interim unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements contained in our annual report on Form 10-K for the year ended December 31, 2023, filed on February 13, 2024 (our “2023 Annual Report”). Use of Estimates Our unaudited condensed consolidated financial statements have been prepared in conformity with GAAP, which includes the use of estimates and assumptions by management that affect the reported amounts of assets, liabilities, revenues, expenses, and disclosure of contingent assets and liabilities that existed as of the date of the unaudited condensed consolidated financial statements. Although these estimates were based on management’s available knowledge of current and expected future events, actual results could differ from these estimates. Significant Accounting Policies Cash and Cash Equivalents Cash and cash equivalents consist of all cash balances. We consider investments in highly liquid financial instruments purchased with an original maturity of 90 days or less to be cash equivalents. Trade Accounts Receivable Trade accounts receivable are recorded at their invoiced amounts. Allowance for Credit Losses We evaluate allowance for credit losses with reference to our trade accounts receivable balances, which are measured at amortized cost. Due to the short-term nature of our trade accounts receivable, we consider the amortized cost of trade accounts receivable to equal the receivable’s carrying amounts, excluding the allowance for credit losses. Our determination of the allowance for credit losses requires us to make estimates and judgments regarding our customers’ ability to pay amounts due. We continuously evaluate the financial strength of our customers and the overall business climate in which our customers operate, and make adjustments to the allowance for credit losses as necessary. We evaluate the financial strength of our customers by reviewing the aging of their receivables owed to us, our collection experiences with the customer, correspondence, financial information, and third-party credit ratings. We evaluate the business climate in which our customers operate by reviewing various publicly available materials regarding our customers’ industry, including the solvency of various companies in the industry. Inventories Inventories consist of serialized and non-serialized parts primarily used on compression units. All inventories are stated at the lower of cost or net realizable value. Serialized parts inventories are determined using the specific-identification cost method, while non-serialized parts inventories are determined using the weighted-average cost method. Purchases of inventories are considered operating activities within the unaudited condensed consolidated statements of cash flows. Property and Equipment Property and equipment are carried at cost except for (i) certain acquired assets which are recorded at fair value on their respective acquisition dates and (ii) impaired assets which are recorded at fair value as of the last impairment evaluation date for which an adjustment was required. Overhauls and major improvements that increase the value or extend the life of compression equipment are capitalized and depreciated over three When property and equipment is retired or sold, the associated carrying value and the related accumulated depreciation are removed from our accounts and any related gains or losses are recorded within the unaudited condensed consolidated statements of operations within the period of sale or disposition. Capitalized interest is calculated by multiplying our monthly effective interest rate on outstanding variable-rate indebtedness by the amount of qualifying costs, which include upfront payments to acquire certain compression units. Capitalized interest was $0.1 million and $0.1 million for the three and nine months ended September 30, 2024, respectively, and $0.2 million and $0.8 million for the three and nine months ended September 30, 2023 , respectively. Impairment of Long-Lived Assets The carrying value of long-lived assets that are not expected to be recovered from future cash flows are written down to estimated fair value. We test long-lived assets for impairment when events or circumstances indicate that a long-lived asset’s carrying value may not be recoverable or will no longer be utilized within the operating fleet. The most common circumstance requiring compression units to be evaluated for impairment involves idle units that do not meet the desired performance characteristics of our revenue-generating horsepower. The carrying value of a long-lived asset is not recoverable if the asset’s carrying value exceeds the sum of the undiscounted cash flows expected to be generated from the use and eventual disposition of the asset. If the carrying value of the long-lived asset exceeds the sum of the undiscounted cash flows associated with the asset, an impairment loss equal to the amount of the carrying value exceeding the fair value of the asset is recognized. The fair value of the asset is measured using quoted market prices or, in the absence of quoted market prices, based on an estimate of discounted cash flows, the expected net sale proceeds compared to the other similarly configured fleet units that we recently sold or a review of other units recently offered for sale by third parties, or the estimated component value of the equipment we plan to continue using. Refer to Note 5 for more detailed information about impairment charges during the three and nine months ended September 30, 2024 and 2023. Identifiable Intangible Assets Identifiable intangible assets are recorded at cost and amortized using the straight-line method over their estimated useful lives, which is the period over which the assets are expected to contribute directly or indirectly to our future cash flows. The estimated useful lives of our intangible assets range from 15 to 25 years. Revenue Recognition Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally, this occurs with the provision of services or the transfer of goods. Revenue is measured at the amount of consideration we expect to receive in exchange for providing services or transferring goods. Incidental items, if any, that are immaterial in the context of the contract are recognized as expenses. Income Taxes USA Compression Partners, LP is organized as a partnership for U.S. federal and state income tax purposes. As a result, our partners are responsible for U.S. federal and state income taxes on their distributive share of our items of income, gain, loss, or deduction. Net earnings for financial statement purposes may differ significantly from taxable income reportable to unitholders as a result of differences between the tax basis and financial reporting basis of assets and liabilities. Texas also imposes an entity-level income tax on partnerships that is based on Texas-sourced taxable margin (the “Texas Margin Tax”). Texas Margin Tax impacts are included within our unaudited condensed consolidated financial statements. Our wholly owned finance subsidiary, USA Compression Finance Corp. (“Finance Corp”), is a corporation for U.S. federal and state income tax purposes and any resulting tax impacts attributable to Finance Corp are included within our unaudited condensed consolidated financial statements. Pass-Through Taxes Sales taxes incurred on behalf of, and passed through to, customers are accounted for on a net basis. Fair-Value Measurements Accounting standards applicable to fair-value measurements establish a framework for measuring fair value and stipulate disclosures about fair-value measurements. The standards apply to recurring and non-recurring financial and non-financial assets and liabilities that require or permit fair-value measurements. Among the required disclosures is the fair-value hierarchy of inputs we use to value an asset or a liability. The three levels of the fair-value hierarchy are described as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. Level 2 inputs are those other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. As of September 30, 2024 and December 31, 2023, our financial instruments primarily consisted of cash and cash equivalents, trade accounts receivable, trade accounts payable, and long-term debt. As of December 31, 2023, our financial instruments also consisted of a derivative instrument. The book values of cash and cash equivalents, trade accounts receivable, and trade accounts payable are representative of fair value due to their short-term maturities. Our revolving credit facility applies floating interest rates to amounts drawn under the facility; therefore, the carrying amount of our revolving credit facility approximates its fair value. The fair value of our Senior Notes 2026, Senior Notes 2027, and Senior Notes 2029 were estimated using quoted prices in inactive markets and are considered Level 2 measurements. The following table summarizes the aggregate principal amount and fair value of our Senior Notes 2026, Senior Notes 2027, and Senior Notes 2029 (in thousands): September 30, December 31, Senior Notes 2026, aggregate principal $ — $ 725,000 Fair value of Senior Notes 2026 — 720,621 Senior Notes 2027, aggregate principal 750,000 750,000 Fair value of Senior Notes 2027 756,563 737,963 Senior Notes 2029, aggregate principal 1,000,000 — Fair value of Senior Notes 2029 1,027,500 — The fair value of our derivative instrument, which was an interest-rate swap and is no longer outstanding as of September 30, 2024, was estimated based on inputs from actively quoted public markets, including interest-rate forward curves, and is considered a Level 2 measurement. We consider counterparty credit risk and our own credit risk in the determination of the estimated fair value. The following table summarizes the gross fair value of our interest-rate swap (in thousands): September 30, December 31, Interest-rate swap $ — $ 1,204 Refer to Note 7 below for additional information on the interest-rate swap. Operating Segment We operate in a single business segment, the compression services business.

Trade Accounts Receivable

Trade Accounts Receivable	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Trade Accounts Receivable	Trade Accounts Receivable The allowance for credit losses, which was $2.3 million at both September 30, 2024 and December 31, 2023, represents our best estimate of the amount of probable credit losses included within our existing accounts receivable balance.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Components of inventories are as follows (in thousands): September 30, December 31, Serialized parts $ 81,479 $ 59,901 Non-serialized parts 65,276 54,827 Total inventories $ 146,755 $ 114,728

Property and Equipment, Identif

Property and Equipment, Identifiable Intangible Assets and Goodwill	9 Months Ended
	Sep. 30, 2024
Property and Equipment and Identifiable Intangible Assets
Property and Equipment, Identifiable Intangible Assets and Goodwill	Property and Equipment and Identifiable Intangible Assets Property and Equipment Property and equipment consisted of the following (in thousands): September 30, December 31, Compression and treating equipment $ 4,098,294 $ 3,902,115 Automobiles and vehicles 54,258 46,395 Computer equipment 35,430 33,456 Leasehold improvements 9,748 9,414 Buildings 3,935 3,464 Furniture and fixtures 950 868 Land 77 77 Total property and equipment, gross 4,202,692 3,995,789 Less: accumulated depreciation and amortization (1,910,716) (1,758,164) Total property and equipment, net $ 2,291,976 $ 2,237,625 Depreciation is calculated using the straight-line method over the estimated useful lives of the assets as follows: Compression and treating equipment, acquired new 25 years Compression and treating equipment, acquired used 5 - 25 years Furniture and fixtures 3 - 10 years Vehicles and computer equipment 1 - 10 years Buildings 5 years Leasehold improvements 5 years Depreciation expense on property and equipment and loss (gain) on disposition of assets were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Depreciation expense $ 59,893 $ 56,756 $ 173,767 $ 161,591 Loss (gain) on disposition of assets (123) (3,865) 1,113 (3,932) On a quarterly basis, we evaluate the future deployment of our idle fleet assets under current market conditions. For the nine months ended September 30, 2024, we retired two compression units representing approximately 1,300 of aggregate horsepower that previously were used to provide compression services in our business. As a result, we recorded an impairment of compression equipment of $0.3 million for the nine months ended September 30, 2024. No impairment of compression equipment was recorded for the three months ended September 30, 2024. For the three and nine months ended September 30, 2023, we retired three and 42 compression units, respectively, representing approximately 2,100 and 37,700 of aggregate horsepower, respectively, that previously were used to provide compression services in our business. As a result, we recorded impairments of compression equipment of $0.9 million and $12.3 million for the three and nine months ended September 30, 2023, respectively. The primary circumstances supporting these impairments were: (i) unmarketability of certain compression units into the foreseeable future, (ii) excessive maintenance costs associated with certain fleet assets, and (iii) prohibitive retrofitting costs that likely would prevent certain compression units from securing customer acceptance. These compression units were written down to their estimated salvage values, if any. Identifiable Intangible Assets Identifiable intangible assets, net consisted of the following (in thousands): Customer Relationships Trade Names Total Net balance as of December 31, 2023 $ 224,639 $ 21,013 $ 245,652 Amortization expense (19,578) (2,456) (22,034) Net balance as of September 30, 2024 $ 205,061 $ 18,557 $ 223,618 Accumulated amortization of intangible assets was $327.0 million and $305.0 million as of September 30, 2024 and December 31, 2023, respectively.

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2024
Other Liabilities, Current [Abstract]
Other Current Liabilities	Other Current Liabilities Components of other current liabilities included the following (in thousands): September 30, December 31, Accrued interest expense $ 9,104 $ 31,960 Accrued unit-based compensation liability 29,703 21,896 Accrued capital expenditures 8,479 13,672 Accrued payroll and benefits 15,142 7,055 Accrued property taxes 9,441 3,729

Derivative Instrument

Derivative Instrument	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instrument As of December 31, 2023, we had an interest-rate swap outstanding to manage interest-rate risk associated with the floating-rate Credit Agreement. In August 2024, we elected to terminate the outstanding interest-rate swap. The interest-rate swap’s notional principal amount was $700 million and had an original termination date of December 31, 2025. Under the interest-rate swap, we paid a fixed interest rate of 3.9725% and received floating interest-rate payments that were indexed to the one-month SOFR. We did not apply hedge accounting to our previously outstanding derivative. Our derivative was carried on the unaudited condensed consolidated balance sheets at fair value and was classified as current or long-term depending on the expected timing of settlement, and gains and losses associated with the derivative instrument were recognized currently in gain (loss) on derivative instrument within the unaudited condensed consolidated statements of operations. Cash flows related to cash settlements for the periods presented were classified as operating activities within the unaudited condensed consolidated statements of cash flows. The following table summarizes the location and fair value of our derivative instrument on our unaudited condensed consolidated balance sheets (in thousands): Assets Liabilities Balance Sheet Classification September 30, December 31, September 30, December 31, Derivative instrument $ — $ 5,670 $ — $ — Derivative instrument, long term — — — 4,466 The following table summarizes the location and amounts recognized related to our derivative instrument within our unaudited condensed consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Income Statement Classification 2024 2023 2024 2023 Gain (loss) on derivative instrument $ (6,218) $ 3,437 $ 5,684 $ 17,987

Debt Obligation

Debt Obligation	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt Obligation	Debt Obligations Our debt obligations, of which there is no current portion, consisted of the following (in thousands): September 30, December 31, Senior Notes 2026, aggregate principal $ — $ 725,000 Senior Notes 2027, aggregate principal 750,000 750,000 Senior Notes 2029, aggregate principal 1,000,000 — Less: deferred financing costs, net of amortization (20,813) (10,725) Total senior notes, net 1,729,187 1,464,275 Revolving credit facility 803,211 871,813 Total long-term debt, net $ 2,532,398 $ 2,336,088 Revolving Credit Facility The Credit Agreement matures on December 8, 2026. The Credit Agreement has an aggregate commitment of $1.6 billion (subject to availability under our borrowing base). The Partnership’s obligations under the Credit Agreement are guaranteed by the guarantors party to the Credit Agreement, which currently consists of all of the Partnership’s subsidiaries. In addition, under the Credit Agreement the Partnership’s Secured Obligations (as defined therein) are secured by: (i) substantially all of the Partnership’s assets and substantially all of the assets of the guarantors party to the Credit Agreement, excluding real property and other customary exclusions; and (ii) all of the equity interests of the Partnership’s U.S. restricted subsidiaries (subject to customary exceptions). As of September 30, 2024, we had outstanding borrowings under the Credit Agreement of $803.2 million and, after accounting for outstanding letters of credit in the amount of $0.5 million, $796.3 million of remaining unused availability, of which, due to restrictions related to compliance with the applicable financial covenants, $641.8 million was available to be drawn. Our weighted-average interest rate in effect for all borrowings under the Credit Agreement for the nine months ended September 30, 2024, was 7.98%, and our weighted-average interest rate under the Credit Agreement as of September 30, 2024, was 7.50%. We pay an annualized commitment fee of 0.375% on the unused portion of the aggregate commitment. The Credit Agreement permits us to make distributions of available cash to unitholders so long as (i) no default under the facility has occurred, is continuing, or would result from the distribution; (ii) immediately prior to and after giving effect to such distribution, we are in compliance with the facility’s financial covenants; and (iii) immediately prior to and after giving effect to such distribution, we have availability under the Credit Agreement of at least $100 million. The Credit Agreement also contains various financial covenants, including covenants requiring us to maintain: • a minimum EBITDA to interest coverage ratio of 2.50 to 1.00, determined as of the last day of each fiscal quarter, with EBITDA and interest expense annualized for the most-recent fiscal quarter; • a ratio of total secured indebtedness to EBITDA not greater than 3.00 to 1.00 or less than 0.00 to 1.00, determined as of the last day of each fiscal quarter, with EBITDA annualized for the most-recent fiscal quarter; and • a maximum funded debt-to-EBITDA ratio, defined in the Credit Agreement as the Total Leverage Ratio, determined as of the last day of each fiscal quarter with EBITDA annualized for the most-recent fiscal quarter, of 5.25 to 1.00. In addition, the Partnership may increase the applicable ratio by 0.25 for any fiscal quarter during which a Specified Acquisition (as defined in the Credit Agreement) occurs and for the following two fiscal quarters, but in no event shall the maximum ratio exceed 5.50 to 1.00 for any fiscal quarter as a result of such increase. As of September 30, 2024, we were in compliance with all of our covenants under the Credit Agreement. For purposes of the above covenants, EBITDA is calculated as set forth in the Credit Agreement. The Credit Agreement is a “revolving credit facility” that includes a lockbox arrangement, whereby remittances from customers are made to a bank account controlled by the administrative agent. While we are not required by the terms of the Credit Agreement to use these customer remittances to reduce borrowings under the facility unless certain events of default occur under the Credit Agreement or unused availability under the facility is reduced below $70 million, we have in the past routinely applied such remittances to reduce borrowings under the facility. Issuance of Senior Notes 2029 On March 18, 2024, the Partnership and Finance Corp co-issued the Senior Notes 2029, a $1.0 billion aggregate principal amount of senior notes that will mature on March 15, 2029. The Senior Notes 2029 accrue interest from March 18, 2024 at the rate of 7.125% per year. Interest on the Senior Notes 2029 is payable semi-annually in arrears on each of March 15 and September 15, commencing on September 15, 2024. At any time prior to March 15, 2026, we may redeem up to 40% of the aggregate principal amount of the Senior Notes 2029 at a redemption price equal to 107.125% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date, in an amount not greater than the net cash proceeds from one or more equity offerings, provided that at least 60% of the aggregate principal amount of the Senior Notes 2029 remains outstanding immediately after the occurrence of such redemption (excluding Senior Notes 2029 held by us and our subsidiaries) and redemption occurs within 180 days of the date of the closing of such equity offering. Prior to March 15, 2026, we may redeem all or a part of the Senior Notes 2029 at a redemption price equal to the sum of (i) the principal amount thereof, plus (ii) a make-whole premium at the redemption date and accrued and unpaid interest, if any, to the redemption date. On or after March 15, 2026, we may redeem all or a part of the Senior Notes 2029 at redemption prices (expressed as percentages of the principal amount) set forth below, plus accrued and unpaid interest, if any, to the applicable redemption date, if redeemed during the twelve-month period beginning on March 15 of the years indicated below: Year Percentages 2026 103.563 % 2027 101.781 % 2028 and thereafter 100.000 % If we experience a change of control followed by a ratings decline, which ratings decline is caused by the applicable change of control event, unless we have previously exercised, or concurrently exercise, our right to redeem the Senior Notes 2029 (as described above), we may be required to offer to repurchase the Senior Notes 2029 at a purchase price equal to 101% of the principal amount repurchased, plus accrued and unpaid interest, if any, to the repurchase date. In connection with issuing the Senior Notes 2029, we incurred certain issuance costs in the amount of $18.2 million, which are amortized over the expected term of the Senior Notes 2029. The indenture governing the Senior Notes 2029 (the “2029 Indenture”) contains certain financial covenants that we must comply with in order to make certain restricted payments as described in the 2029 Indenture. As of September 30, 2024, we were in compliance with such financial covenants under the 2029 Indenture. The Senior Notes 2029 are fully and unconditionally guaranteed (the “2029 Guarantees”), jointly and severally, on a senior unsecured basis by all of our existing subsidiaries (other than Finance Corp), and will be fully and unconditionally guaranteed, jointly and severally, by each of our future restricted subsidiaries that either borrows under, or guarantees, the Credit Agreement or guarantees certain of our other indebtedness (collectively, the “Guarantors”). The Senior Notes 2029 and the 2029 Guarantees are general unsecured obligations and rank equally in right of payment with all of the Guarantors’, Finance Corp’s, and our existing and future senior indebtedness and senior to the Guarantors’, Finance Corp’s, and our future subordinated indebtedness, if any. The Senior Notes 2029 and the 2029 Guarantees effectively are subordinated in right of payment to all of the Guarantors’, Finance Corp’s, and our existing and future secured debt, including debt under the Credit Agreement and guarantees thereof, to the extent of the value of the assets securing such debt, and are structurally subordinate to all indebtedness of any of our subsidiaries that do not guarantee the Senior Notes 2029. Redemption of Senior Notes 2026 On March 18, 2024, in connection with the issuance of the Senior Notes 2029, the Senior Notes 2026, which had a maturity date of April 1, 2026, and an aggregate outstanding principal balance of $725.0 million at such time, were satisfied and discharged under the Indenture governing the Senior Notes 2026, which constituted a legal defeasance under GAAP (the “Defeasance”). The Defeasance required a cash outlay in the net amount of $748.8 million, which was used to purchase U.S. government securities. These securities generated sufficient cash upon maturity to fund interest payments on the Senior Notes 2026 occurring between the effective date of the Defeasance through April 4, 2024, when the Senior Notes 2026 were redeemed at par, as well as fund the redemption of the Senior Notes 2026 in full. As a result of the Defeasance, we recognized a loss on early extinguishment of debt of $5.0 million for the nine months ended September 30, 2024, which represents the write-off of deferred financing costs of $4.3 million and the difference between (i) the purchase price of U.S. government securities of $748.8 million and (ii) the aggregate outstanding principal balance and accrued interest of the Senior Notes 2026 of $748.1 million at the time of Defeasance. Senior Notes 2027 On March 7, 2019, the Partnership and Finance Corp co-issued the Senior Notes 2027. The Senior Notes 2027 mature on September 1, 2027, and accrue interest at the rate of 6.875% per year. Interest on the Senior Notes 2027 is payable semi-annually in arrears on each of March 1 and September 1. The indenture governing the Senior Notes 2027 (the “2027 Indenture”) contains certain financial covenants that we must comply with in order to make certain restricted payments as described in the 2027 Indenture. As of September 30, 2024, we were in compliance with such financial covenants under the 2027 Indenture. The Senior Notes 2027 are fully and unconditionally guaranteed (the “2027 Guarantees”), jointly and severally, on a senior unsecured basis by the Guarantors. The Senior Notes 2027 and the 2027 Guarantees are general unsecured obligations and rank equally in right of payment with all of the Guarantors’, Finance Corp’s, and our existing and future senior indebtedness and senior to the Guarantors’, Finance Corp’s, and our future subordinated indebtedness, if any. The Senior Notes 2027 and the 2027 Guarantees effectively are subordinated in right of payment to all of the Guarantors’, Finance Corp’s, and our existing and future secured debt, including debt under the Credit Agreement and guarantees thereof, to the extent of the value of the assets securing such debt, and are structurally subordinate to all indebtedness of any of our subsidiaries that do not guarantee the Senior Notes 2027. We have no assets or operations independent of our subsidiaries, and there are no significant restrictions on our ability to obtain funds from our subsidiaries by dividend or loan. Each of the Guarantors is 100% owned by us. None of the assets of our subsidiaries represent restricted net assets pursuant to Rule 4-08(e)(3) of Regulation S-X under the Securities Act of 1933, as amended.

Preferred Units

Preferred Units	9 Months Ended
	Sep. 30, 2024
Preferred Units and Warrants
Preferred Units	Preferred Units The Preferred Units have a face value of $1,000 and rank senior to our common units with respect to distributions and liquidation rights. The holders of the Preferred Units are entitled to receive cumulative quarterly cash distributions equal to $24.375 per Preferred Unit. The change in Preferred Units outstanding was as follows: Preferred Units Outstanding Number of Preferred Units outstanding, December 31, 2023 500,000 Exercise and conversion of Preferred Units into common units (320,000) Number of Preferred Units outstanding, September 30, 2024 180,000 Redemption and Conversion Features The Preferred Units are convertible, at the option of the holder, into common units in accordance with the terms of our Second Amended and Restated Agreement of Limited Partnership (the “Partnership Agreement”). The conversion rate for the Preferred Units is the quotient of (i) the sum of (a) $1,000, plus (b) any unpaid cash distributions on the applicable Preferred Unit, divided by (ii) $20.0115 for each Preferred Unit. We have the option to redeem all or any portion of the Preferred Units then outstanding, subject to certain minimum redemption threshold amounts, for a redemption price set forth in the Partnership Agreement. On or after April 2, 2028, each holder of the Preferred Units will have the right to require us to redeem all or a portion of their Preferred Units, subject to certain minimum redemption threshold amounts, for a redemption price set forth in the Partnership Agreement, which we may elect to pay up to 50% in common units, subject to certain additional limits. January 2024 Conversion On January 12, 2024, the holders of the Preferred Units elected to convert 40,000 Preferred Units into 1,998,850 common units. These Preferred Units were converted into common units and, for our fourth-quarter 2023 distribution, the holders received the common unit distribution of $0.525 on the 1,998,850 common units in lieu of the Preferred Unit distribution of $24.375 on the converted 40,000 Preferred Units. April 2024 Conversion On April 1, 2024, the holders of the Preferred Units elected to convert 280,000 Preferred Units into 13,991,954 common units. These Preferred Units were converted into common units and, for our first-quarter 2024 distribution, the holders received the common unit distribution of $0.525 on the 13,991,954 common units in lieu of the Preferred Unit distribution of $24.375 on the converted 280,000 Preferred Units. Cash Distributions We have declared and paid per-unit quarterly cash distributions to the holders of the Preferred Units of record as follows: Payment Date Distribution per Preferred Unit February 3, 2023 $ 24.375 May 5, 2023 24.375 August 4, 2023 24.375 November 3, 2023 24.375 Total 2023 distributions $ 97.50 February 2, 2024 $ 24.375 May 3, 2024 24.375 August 2, 2024 24.375 Total 2024 distributions $ 73.125 Announced Quarterly Distribution On October 10, 2024, we declared a cash distribution of $24.375 per unit on our Preferred Units. The distribution was paid on November 1, 2024, to the holders of the Preferred Units of record as of the close of business on October 21, 2024. Changes in the Preferred Units’ balance are as follows (in thousands): Preferred Units Balance as of December 31, 2023 $ 476,334 Cash distributions on Preferred Units (19,988) Exercise and conversion of Preferred Units into common units (300,700) Net income allocated to Preferred Units 13,163 Balance as of September 30, 2024 $ 168,809

Partners_ Deficit

Partners’ Deficit	9 Months Ended
	Sep. 30, 2024
Partners' Capital Notes [Abstract]
Partners’ Deficit	Partners’ Deficit Common Units The changes in common units outstanding were as follows: Common Units Outstanding Number of common units outstanding, December 31, 2023 100,986,011 Issuance of common units under the DRIP 46,018 Exercise and conversion of Preferred Units into common units 15,990,804 Number of common units outstanding, September 30, 2024 117,022,833 As of September 30, 2024, Energy Transfer held 46,056,228 common units, including 8,000,000 common units held by the General Partner and controlled by Energy Transfer. Cash Distributions We have declared and paid per-unit quarterly distributions to our limited partner unitholders of record, including holders of our common and phantom units, as follows (dollars in millions, except distribution per unit): Payment Date Distribution per Limited Partner Unit Amount Paid to Common Unitholders Amount Paid to Phantom Unitholders Total Distribution February 3, 2023 $ 0.525 $ 51.6 $ 1.1 $ 52.7 May 5, 2023 0.525 51.6 1.1 52.7 August 4, 2023 0.525 51.6 1.2 52.8 November 3, 2023 0.525 51.6 1.1 52.7 Total 2023 distributions $ 2.10 $ 206.4 $ 4.5 $ 210.9 February 2, 2024 $ 0.525 $ 54.1 $ 1.0 $ 55.1 May 3, 2024 0.525 61.4 1.0 62.4 August 2, 2024 0.525 61.4 1.0 62.4 Total 2024 distributions $ 1.575 $ 176.9 $ 3.0 $ 179.9 Announced Quarterly Distribution On October 10, 2024, we announced a cash distribution of $0.525 per unit on our common units. The distribution was paid on November 1, 2024, to common unitholders of record as of the close of business on October 21, 2024. DRIP During the nine months ended September 30, 2024, distributions of $1.1 million were reinvested under the DRIP resulting in the issuance of 46,018 common units. Income Per Unit The computation of income per unit is based on the weighted-average number of participating securities, which includes our common units and certain equity-based awards outstanding during the applicable period. Basic income per unit is determined by dividing net income allocated to participating securities after deducting the amount distributed on Preferred Units, by the weighted-average number of participating securities outstanding during the period. Income attributable to unitholders is allocated to participating securities based on their respective shares of the distributed and undistributed earnings for the period. To the extent cash distributions exceed net income attributable to unitholders for the period, the excess distributions are allocated to all participating securities outstanding based on their respective ownership percentages. Diluted income per unit is computed using the treasury stock method, which considers the potential issuance of limited partner units associated with our long-term incentive plan and warrants. Unvested phantom units and unexercised warrants are not included in basic income per unit, as they are not considered to be participating securities, but are included in the calculation of diluted income per unit to the extent they are dilutive, and in the case of warrants to the extent they are considered “in the money.” For the three and nine months ended September 30, 2024, approximately 1,239,000 and 1,145,000 incremental unvested phantom units, respectively, represent the difference between our basic and diluted weighted-average common units outstanding. For the three months ended September 30, 2023, approximately 1,316,000 and 655,000 incremental unvested phantom units and “in the money” then-outstanding warrants, respectively, represent the difference between our basic and diluted weighted-average common units outstanding. For the nine months ended September 30, 2023, approximately 1,185,000 and 460,000 incremental unvested phantom units and “in the money” then-outstanding warrants, respectively, represent the difference between our basic and diluted weighted-average common units outstanding.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of Revenue The following table disaggregates our revenue by type of service (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Contract operations revenue $ 233,919 $ 209,841 $ 686,790 $ 605,386 Retail parts and services revenue 6,049 7,244 17,767 15,743 Total revenues $ 239,968 $ 217,085 $ 704,557 $ 621,129 The following table disaggregates our revenue by timing of provision of services or transfer of goods (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Services provided over time: Primary term $ 203,887 $ 161,293 $ 593,075 $ 466,763 Month-to-month 30,032 48,548 93,715 138,623 Total services provided over time 233,919 209,841 686,790 605,386 Services provided or goods transferred at a point in time 6,049 7,244 17,767 15,743 Total revenues $ 239,968 $ 217,085 $ 704,557 $ 621,129 Deferred Revenue We record deferred revenue when cash payments are received or due in advance of our performance. Components of deferred revenue were as follows (in thousands): Balance sheet location September 30, December 31, Current (1) Deferred revenue $ 67,896 $ 62,589 Noncurrent Other liabilities 7,268 6,000 Total $ 75,164 $ 68,589 ________________________________ (1) We recognized $1.3 million and $60.4 million of revenue during the three and nine months ended September 30, 2024, respectively, related to our deferred revenue balance as of December 31, 2023. Performance Obligations As of September 30, 2024, the aggregate amount of transaction price allocated to unsatisfied performance obligations related to our contract operations revenue was $1.2 billion. We expect to recognize these remaining performance obligations as follows (in thousands): 2024 (remainder) 2025 2026 2027 Thereafter Total Remaining performance obligations $ 194,903 $ 510,378 $ 285,849 $ 157,956 $ 74,582 $ 1,223,668

Transactions with Related Parti

Transactions with Related Parties	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Transactions with Related Parties	Transactions with Related Parties We provide natural gas compression and treating services to entities affiliated with Energy Transfer, which as of September 30, 2024, owned approximately 39% of our limited partner interests and 100% of the General Partner. Revenue recognized from those entities affiliated with Energy Transfer on our unaudited condensed consolidated statements of operations were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Related-party revenues $ 13,694 $ 5,216 $ 25,249 $ 15,759 We had approximately $7.2 million and $0 of related-party receivables on our unaudited condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023, respectively, from those entities affiliated with Energy Transfer.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) Major Customers One customer accounted for approximately 12% of total revenues for the three and nine months ended September 30, 2024, respectively, and 11% of total revenues for the three and nine months ended September 30, 2023, respectively. (b) Litigation From time to time, we and our subsidiaries may be involved in various claims and litigation arising in the ordinary course of business. In management’s opinion, the resolution of such matters is not expected to have a material adverse effect on our consolidated financial position, results of operations, or cash flows. (c) Tax Contingencies Our compliance with state and local sales tax regulations is subject to audit by various taxing authorities. Certain taxing authorities have either claimed or issued an assessment that specific operational processes, which we and others in our industry regularly conduct, result in transactions that are subject to state sales taxes. We and others in our industry have disputed these claims and assessments based on either existing tax statutes or published guidance by the taxing authorities. We currently are protesting certain assessments made by the Oklahoma Tax Commission (“OTC”). In August 2024, the administrative law judge (“ALJ”) assigned by the OTC accepted our position that the transactions are not taxable. The OTC subsequently requested a motion for reconsideration, which was denied by the ALJ. The OTC has requested an “en banc” hearing from the OTC Commissioners, which request is pending. The OTC also has other legal options to challenge this decision, accordingly a final resolution remains pending. If we ultimately lose the current and all subsequent legal challenges, we estimate that the range of losses we could incur is from $0 to approximately $30.3 million, including penalties and interest. Our U.S. federal income tax returns for the years 2019 and 2020 currently are under examination by the Internal Revenue Service (“IRS”). The IRS has issued preliminary partnership examination changes, along with imputed underpayment computations, for the 2019 and 2020 tax years. Under the Bipartisan Budget Act of 2015, there are several procedural steps, including an appeals process, to complete before a final imputed underpayment, if any, is determined. Based on discussions with the IRS, we estimate a potential range of loss from a final imputed underpayment of $0 to approximately $28.0 million, including interest, for potential adjustments resulting from the IRS examinations. Once a final partnership imputed underpayment, if any, is determined, our General Partner may elect to either pay the imputed underpayment (including any applicable penalties and interest) directly to the IRS or, if eligible, issue a revised information statement to each unitholder, and former unitholder, with respect to an audited and adjusted return. (d) Environmental Our operations are subject to federal, state, and local laws, rules, and regulations regarding water quality, hazardous and solid waste management, air quality control, and other environmental matters. These laws, rules, and regulations require that we conduct our operations in a specified manner and to obtain and comply with a wide variety of environmental registrations, licenses, permits, inspections, and other approvals. Failure to comply with applicable environmental laws, rules, and regulations may expose us to significant fines, penalties, and/or interruptions in operations. Our environmental policies and procedures are designed to achieve compliance with such applicable laws, rules, and regulations. These evolving laws, rules, and regulations, and claims for damages to property, employees, other persons, and the environment resulting from current or past operations may result in significant expenditures and liabilities in the future.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 improves and enhances income tax disclosure requirements, including new disclosures related to tax rate reconciliation and income taxes paid. The amendments in this update are effective for annual periods beginning after December 15, 2024, and interim periods within annual periods beginning after December 15, 2025, with early adoption permitted. ASU 2023-09 is to be applied on a prospective basis, with retrospective application permitted. We are currently evaluating the impact, if any, of the amendments to ASU 2023-09 on our consolidated financial statements and related disclosures. In November 2023, FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 improves and enhances reportable segment disclosure requirements, including new disclosures related to significant segment expenses. The amendments in this update are effective for annual periods beginning after December 15, 2023, and interim periods within annual periods beginning after December 15, 2024, with early adoption permitted. ASU 2023-07 is to be applied on a retrospective basis. ASU 2023-07 will require additional disclosures in the notes to our consolidated financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 19,327	$ 20,902	$ 74,138	$ 55,427

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates Our unaudited condensed consolidated financial statements have been prepared in conformity with GAAP, which includes the use of estimates and assumptions by management that affect the reported amounts of assets, liabilities, revenues, expenses, and disclosure of contingent assets and liabilities that existed as of the date of the unaudited condensed consolidated financial statements. Although these estimates were based on management’s available knowledge of current and expected future events, actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of all cash balances. We consider investments in highly liquid financial instruments purchased with an original maturity of 90 days or less to be cash equivalents.
Trade Accounts Receivable	Trade Accounts Receivable Trade accounts receivable are recorded at their invoiced amounts.
Allowance for Credit Losses	Allowance for Credit Losses We evaluate allowance for credit losses with reference to our trade accounts receivable balances, which are measured at amortized cost. Due to the short-term nature of our trade accounts receivable, we consider the amortized cost of trade accounts receivable to equal the receivable’s carrying amounts, excluding the allowance for credit losses. Our determination of the allowance for credit losses requires us to make estimates and judgments regarding our customers’ ability to pay amounts due. We continuously evaluate the financial strength of our customers and the overall business climate in which our customers operate, and make adjustments to the allowance for credit losses as necessary. We evaluate the financial strength of our customers by reviewing the aging of their receivables owed to us, our collection experiences with the customer, correspondence, financial information, and third-party credit ratings. We evaluate the business climate in which our customers operate by reviewing various publicly available materials regarding our customers’ industry, including the solvency of various companies in the industry.
Inventories	Inventories Inventories consist of serialized and non-serialized parts primarily used on compression units. All inventories are stated at the lower of cost or net realizable value. Serialized parts inventories are determined using the specific-identification cost method, while non-serialized parts inventories are determined using the weighted-average cost method. Purchases of inventories are considered operating activities within the unaudited condensed consolidated statements of cash flows.
Property and Equipment	Property and Equipment Property and equipment are carried at cost except for (i) certain acquired assets which are recorded at fair value on their respective acquisition dates and (ii) impaired assets which are recorded at fair value as of the last impairment evaluation date for which an adjustment was required. Overhauls and major improvements that increase the value or extend the life of compression equipment are capitalized and depreciated over three When property and equipment is retired or sold, the associated carrying value and the related accumulated depreciation are removed from our accounts and any related gains or losses are recorded within the unaudited condensed consolidated statements of operations within the period of sale or disposition. Capitalized interest is calculated by multiplying our monthly effective interest rate on outstanding variable-rate indebtedness by the amount of qualifying costs, which include upfront payments to acquire certain compression units. Capitalized interest was $0.1 million and $0.1 million for the three and nine months ended September 30, 2024, respectively, and $0.2 million and $0.8 million for the three and nine months ended September 30, 2023 , respectively.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The carrying value of long-lived assets that are not expected to be recovered from future cash flows are written down to estimated fair value. We test long-lived assets for impairment when events or circumstances indicate that a long-lived asset’s carrying value may not be recoverable or will no longer be utilized within the operating fleet. The most common circumstance requiring compression units to be evaluated for impairment involves idle units that do not meet the desired performance characteristics of our revenue-generating horsepower. The carrying value of a long-lived asset is not recoverable if the asset’s carrying value exceeds the sum of the undiscounted cash flows expected to be generated from the use and eventual disposition of the asset. If the carrying value of the long-lived asset exceeds the sum of the undiscounted cash flows associated with the asset, an impairment loss equal to the amount of the carrying value exceeding the fair value of the asset is recognized. The fair value of the asset is measured using quoted market prices or, in the absence of quoted market prices, based on an estimate of discounted cash flows, the expected net sale proceeds compared to the other similarly configured fleet units that we recently sold or a review of other units recently offered for sale by third parties, or the estimated component value of the equipment we plan to continue using.
Identifiable Intangible Assets	Identifiable Intangible Assets Identifiable intangible assets are recorded at cost and amortized using the straight-line method over their estimated useful lives, which is the period over which the assets are expected to contribute directly or indirectly to our future cash flows. The estimated useful lives of our intangible assets range from 15 to 25 years.
Revenue Recognition	Revenue Recognition Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally, this occurs with the provision of services or the transfer of goods. Revenue is measured at the amount of consideration we expect to receive in exchange for providing services or transferring goods. Incidental items, if any, that are immaterial in the context of the contract are recognized as expenses.
Income Taxes	Income Taxes USA Compression Partners, LP is organized as a partnership for U.S. federal and state income tax purposes. As a result, our partners are responsible for U.S. federal and state income taxes on their distributive share of our items of income, gain, loss, or deduction. Net earnings for financial statement purposes may differ significantly from taxable income reportable to unitholders as a result of differences between the tax basis and financial reporting basis of assets and liabilities.
Pass Through Taxes	Pass-Through Taxes Sales taxes incurred on behalf of, and passed through to, customers are accounted for on a net basis.
Fair-Value Measurements	Fair-Value Measurements Accounting standards applicable to fair-value measurements establish a framework for measuring fair value and stipulate disclosures about fair-value measurements. The standards apply to recurring and non-recurring financial and non-financial assets and liabilities that require or permit fair-value measurements. Among the required disclosures is the fair-value hierarchy of inputs we use to value an asset or a liability. The three levels of the fair-value hierarchy are described as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. Level 2 inputs are those other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. As of September 30, 2024 and December 31, 2023, our financial instruments primarily consisted of cash and cash equivalents, trade accounts receivable, trade accounts payable, and long-term debt. As of December 31, 2023, our financial instruments also consisted of a derivative instrument. The book values of cash and cash equivalents, trade accounts receivable, and trade accounts payable are representative of fair value due to their short-term maturities. Our revolving credit facility applies floating interest rates to amounts drawn under the facility; therefore, the carrying amount of our revolving credit facility approximates its fair value.
Operating Segment	Operating Segment We operate in a single business segment, the compression services business.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 improves and enhances income tax disclosure requirements, including new disclosures related to tax rate reconciliation and income taxes paid. The amendments in this update are effective for annual periods beginning after December 15, 2024, and interim periods within annual periods beginning after December 15, 2025, with early adoption permitted. ASU 2023-09 is to be applied on a prospective basis, with retrospective application permitted. We are currently evaluating the impact, if any, of the amendments to ASU 2023-09 on our consolidated financial statements and related disclosures. In November 2023, FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 improves and enhances reportable segment disclosure requirements, including new disclosures related to significant segment expenses. The amendments in this update are effective for annual periods beginning after December 15, 2023, and interim periods within annual periods beginning after December 15, 2024, with early adoption permitted. ASU 2023-07 is to be applied on a retrospective basis. ASU 2023-07 will require additional disclosures in the notes to our consolidated financial statements.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of aggregate principal amount and fair value of senior notes	The following table summarizes the aggregate principal amount and fair value of our Senior Notes 2026, Senior Notes 2027, and Senior Notes 2029 (in thousands): September 30, December 31, Senior Notes 2026, aggregate principal $ — $ 725,000 Fair value of Senior Notes 2026 — 720,621 Senior Notes 2027, aggregate principal 750,000 750,000 Fair value of Senior Notes 2027 756,563 737,963 Senior Notes 2029, aggregate principal 1,000,000 — Fair value of Senior Notes 2029 1,027,500 —
Schedule of interest rate swap	The following table summarizes the gross fair value of our interest-rate swap (in thousands): September 30, December 31, Interest-rate swap $ — $ 1,204

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Summary of components of inventories	Components of inventories are as follows (in thousands): September 30, December 31, Serialized parts $ 81,479 $ 59,901 Non-serialized parts 65,276 54,827 Total inventories $ 146,755 $ 114,728

Property and Equipment, Ident_2

Property and Equipment, Identifiable Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2024
Property and Equipment and Identifiable Intangible Assets
Schedule of property and equipment	Property and equipment consisted of the following (in thousands): September 30, December 31, Compression and treating equipment $ 4,098,294 $ 3,902,115 Automobiles and vehicles 54,258 46,395 Computer equipment 35,430 33,456 Leasehold improvements 9,748 9,414 Buildings 3,935 3,464 Furniture and fixtures 950 868 Land 77 77 Total property and equipment, gross 4,202,692 3,995,789 Less: accumulated depreciation and amortization (1,910,716) (1,758,164) Total property and equipment, net $ 2,291,976 $ 2,237,625 Depreciation expense on property and equipment and loss (gain) on disposition of assets were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Depreciation expense $ 59,893 $ 56,756 $ 173,767 $ 161,591 Loss (gain) on disposition of assets (123) (3,865) 1,113 (3,932)
Schedule of estimated useful lives of property, plant, and equipment	Depreciation is calculated using the straight-line method over the estimated useful lives of the assets as follows: Compression and treating equipment, acquired new 25 years Compression and treating equipment, acquired used 5 - 25 years Furniture and fixtures 3 - 10 years Vehicles and computer equipment 1 - 10 years Buildings 5 years Leasehold improvements 5 years
Schedule of identifiable intangible assets	Identifiable intangible assets, net consisted of the following (in thousands): Customer Relationships Trade Names Total Net balance as of December 31, 2023 $ 224,639 $ 21,013 $ 245,652 Amortization expense (19,578) (2,456) (22,034) Net balance as of September 30, 2024 $ 205,061 $ 18,557 $ 223,618

Other Liabilities (Tables)

Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Other Liabilities Disclosure [Abstract]
Components of other current liabilities	Components of other current liabilities included the following (in thousands): September 30, December 31, Accrued interest expense $ 9,104 $ 31,960 Accrued unit-based compensation liability 29,703 21,896 Accrued capital expenditures 8,479 13,672 Accrued payroll and benefits 15,142 7,055 Accrued property taxes 9,441 3,729

Derivative Instrument (Tables)

Derivative Instrument (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of our derivative instruments	The following table summarizes the location and fair value of our derivative instrument on our unaudited condensed consolidated balance sheets (in thousands): Assets Liabilities Balance Sheet Classification September 30, December 31, September 30, December 31, Derivative instrument $ — $ 5,670 $ — $ — Derivative instrument, long term — — — 4,466
Derivative instruments, gain (loss)	The following table summarizes the location and amounts recognized related to our derivative instrument within our unaudited condensed consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Income Statement Classification 2024 2023 2024 2023 Gain (loss) on derivative instrument $ (6,218) $ 3,437 $ 5,684 $ 17,987

Debt Obligation (Tables)

Debt Obligation (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of long-term debt	Our debt obligations, of which there is no current portion, consisted of the following (in thousands): September 30, December 31, Senior Notes 2026, aggregate principal $ — $ 725,000 Senior Notes 2027, aggregate principal 750,000 750,000 Senior Notes 2029, aggregate principal 1,000,000 — Less: deferred financing costs, net of amortization (20,813) (10,725) Total senior notes, net 1,729,187 1,464,275 Revolving credit facility 803,211 871,813 Total long-term debt, net $ 2,532,398 $ 2,336,088
Schedule of redemption prices (expressed as percentages of the principal amount)	On or after March 15, 2026, we may redeem all or a part of the Senior Notes 2029 at redemption prices (expressed as percentages of the principal amount) set forth below, plus accrued and unpaid interest, if any, to the applicable redemption date, if redeemed during the twelve-month period beginning on March 15 of the years indicated below: Year Percentages 2026 103.563 % 2027 101.781 % 2028 and thereafter 100.000 %

Preferred Units (Tables)

Preferred Units (Tables)	9 Months Ended
	Sep. 30, 2024
Preferred Units and Warrants
Dividends Declared	We have declared and paid per-unit quarterly cash distributions to the holders of the Preferred Units of record as follows: Payment Date Distribution per Preferred Unit February 3, 2023 $ 24.375 May 5, 2023 24.375 August 4, 2023 24.375 November 3, 2023 24.375 Total 2023 distributions $ 97.50 February 2, 2024 $ 24.375 May 3, 2024 24.375 August 2, 2024 24.375 Total 2024 distributions $ 73.125
Changes in the Preferred Units balance	The change in Preferred Units outstanding was as follows: Preferred Units Outstanding Number of Preferred Units outstanding, December 31, 2023 500,000 Exercise and conversion of Preferred Units into common units (320,000) Number of Preferred Units outstanding, September 30, 2024 180,000 Changes in the Preferred Units’ balance are as follows (in thousands): Preferred Units Balance as of December 31, 2023 $ 476,334 Cash distributions on Preferred Units (19,988) Exercise and conversion of Preferred Units into common units (300,700) Net income allocated to Preferred Units 13,163 Balance as of September 30, 2024 $ 168,809

Partners_ Deficit (Tables)

Partners’ Deficit (Tables)	9 Months Ended
	Sep. 30, 2024
Partners' Capital Notes [Abstract]
Summary of change in common units outstanding	The changes in common units outstanding were as follows: Common Units Outstanding Number of common units outstanding, December 31, 2023 100,986,011 Issuance of common units under the DRIP 46,018 Exercise and conversion of Preferred Units into common units 15,990,804 Number of common units outstanding, September 30, 2024 117,022,833
Schedule of distributions (in millions, except distribution per unit)	We have declared and paid per-unit quarterly distributions to our limited partner unitholders of record, including holders of our common and phantom units, as follows (dollars in millions, except distribution per unit): Payment Date Distribution per Limited Partner Unit Amount Paid to Common Unitholders Amount Paid to Phantom Unitholders Total Distribution February 3, 2023 $ 0.525 $ 51.6 $ 1.1 $ 52.7 May 5, 2023 0.525 51.6 1.1 52.7 August 4, 2023 0.525 51.6 1.2 52.8 November 3, 2023 0.525 51.6 1.1 52.7 Total 2023 distributions $ 2.10 $ 206.4 $ 4.5 $ 210.9 February 2, 2024 $ 0.525 $ 54.1 $ 1.0 $ 55.1 May 3, 2024 0.525 61.4 1.0 62.4 August 2, 2024 0.525 61.4 1.0 62.4 Total 2024 distributions $ 1.575 $ 176.9 $ 3.0 $ 179.9

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following table disaggregates our revenue by type of service (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Contract operations revenue $ 233,919 $ 209,841 $ 686,790 $ 605,386 Retail parts and services revenue 6,049 7,244 17,767 15,743 Total revenues $ 239,968 $ 217,085 $ 704,557 $ 621,129 The following table disaggregates our revenue by timing of provision of services or transfer of goods (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Services provided over time: Primary term $ 203,887 $ 161,293 $ 593,075 $ 466,763 Month-to-month 30,032 48,548 93,715 138,623 Total services provided over time 233,919 209,841 686,790 605,386 Services provided or goods transferred at a point in time 6,049 7,244 17,767 15,743 Total revenues $ 239,968 $ 217,085 $ 704,557 $ 621,129
Summary of deferred revenue	Components of deferred revenue were as follows (in thousands): Balance sheet location September 30, December 31, Current (1) Deferred revenue $ 67,896 $ 62,589 Noncurrent Other liabilities 7,268 6,000 Total $ 75,164 $ 68,589 ________________________________ (1) We recognized $1.3 million and $60.4 million of revenue during the three and nine months ended September 30, 2024, respectively, related to our deferred revenue balance as of December 31, 2023.
Expected timing of recognizing remaining performance obligations	We expect to recognize these remaining performance obligations as follows (in thousands): 2024 (remainder) 2025 2026 2027 Thereafter Total Remaining performance obligations $ 194,903 $ 510,378 $ 285,849 $ 157,956 $ 74,582 $ 1,223,668

Related Party Disclosures (Tabl

Related Party Disclosures (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Summary of Revenue Recognized from such Affiliated ET Entities	Revenue recognized from those entities affiliated with Energy Transfer on our unaudited condensed consolidated statements of operations were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Related-party revenues $ 13,694 $ 5,216 $ 25,249 $ 15,759

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Property and Equipment, Intangible Assets, and Goodwill (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property and Equipment
Capitalized interest	$ 0.1	$ 0.2	$ 0.1	$ 0.8
Minimum
Property and Equipment
Amortization period of identifiable intangible assets	15 years		15 years
Maximum
Property and Equipment
Amortization period of identifiable intangible assets	25 years		25 years
Compression equipment overhauls | Minimum
Property and Equipment
Estimated useful lives	3 years		3 years
Compression equipment overhauls | Maximum
Property and Equipment
Estimated useful lives	5 years		5 years

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Fair Value of Senior Notes (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Senior Notes 2026
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Aggregate principal	$ 0	$ 725,000
Fair value	0	720,621
Senior Notes 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Aggregate principal	750,000	750,000
Fair value	756,563	737,963
Senior Notes 2029
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Aggregate principal	1,000,000	0
Fair value	$ 1,027,500	$ 0

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policies - Schedule of Interest Rate Derivative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Interest-rate swap	$ 0	$ 1,204

Trade Accounts Receivable - Nar

Trade Accounts Receivable - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Allowance for credit losses	$ 2,260	$ 2,260

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Serialized parts	$ 81,479	$ 59,901
Non-serialized parts	65,276	54,827
Total inventories	$ 146,755	$ 114,728

Property and Equipment, Ident_3

Property and Equipment, Identifiable Intangible Assets and Goodwill - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property and Equipment
Total property and equipment, gross	$ 4,202,692	$ 3,995,789
Less: accumulated depreciation and amortization	(1,910,716)	(1,758,164)
Total property and equipment, net	2,291,976	2,237,625
Compression and treating equipment
Property and Equipment
Total property and equipment, gross	4,098,294	3,902,115
Automobiles and vehicles
Property and Equipment
Total property and equipment, gross	54,258	46,395
Computer equipment
Property and Equipment
Total property and equipment, gross	35,430	33,456
Leasehold improvements
Property and Equipment
Total property and equipment, gross	9,748	9,414
Buildings
Property and Equipment
Total property and equipment, gross	3,935	3,464
Furniture and fixtures
Property and Equipment
Total property and equipment, gross	950	868
Land
Property and Equipment
Total property and equipment, gross	$ 77	$ 77

Property and Equipment, Ident_4

Property and Equipment, Identifiable Intangible Assets and Goodwill - Property, Plant and Equipment Useful Lives (Details)	Sep. 30, 2024
Compression and treating equipment, acquired new
Property and Equipment
Estimated useful lives	25 years
Buildings
Property and Equipment
Estimated useful lives	5 years
Leasehold improvements
Property and Equipment
Estimated useful lives	5 years
Minimum | Compression and treating equipment, acquired used
Property and Equipment
Estimated useful lives	5 years
Minimum | Furniture and fixtures
Property and Equipment
Estimated useful lives	3 years
Minimum | Vehicles and computer equipment
Property and Equipment
Estimated useful lives	1 year
Maximum | Compression and treating equipment, acquired used
Property and Equipment
Estimated useful lives	25 years
Maximum | Furniture and fixtures
Property and Equipment
Estimated useful lives	10 years
Maximum | Vehicles and computer equipment
Property and Equipment
Estimated useful lives	10 years

Property and Equipment, Ident_5

Property and Equipment, Identifiable Intangible Assets and Goodwill - Depreciation and Loss (Gain) on Disposition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property and Equipment and Identifiable Intangible Assets
Depreciation expense	$ 59,893	$ 56,756	$ 173,767	$ 161,591
Loss (gain) on disposition of assets	$ (123)	$ (3,865)	$ 1,113	$ (3,932)

Property and Equipment, Ident_6

Property and Equipment, Identifiable Intangible Assets and Goodwill - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($) equipment hp	Sep. 30, 2024 USD ($) equipment hp	Sep. 30, 2023 USD ($) equipment hp	Dec. 31, 2023 USD ($)
Property and Equipment
Number of compressor units that are to be retired | equipment		3	2	42
Number of horsepower that are to be retired | hp		2,100	1,300	37,700
Impairment of long-lived assets	$ 0	$ 882	$ 311	$ 12,346
Accumulated amortization	327,000		327,000		$ 305,000
Compression and treating equipment
Property and Equipment
Impairment of long-lived assets	$ 0	$ 900	$ 300	$ 12,300

Property and Equipment, Ident_7

Property and Equipment, Identifiable Intangible Assets and Goodwill - Identifiable Intangible Assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Identifiable intangible assets, net
Net balance, beginning of period	$ 245,652
Amortization expense	(22,034)
Net balance, end of period	223,618
Customer Relationships
Identifiable intangible assets, net
Net balance, beginning of period	224,639
Amortization expense	(19,578)
Net balance, end of period	205,061
Trade Names
Identifiable intangible assets, net
Net balance, beginning of period	21,013
Amortization expense	(2,456)
Net balance, end of period	$ 18,557

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Liabilities, Current [Abstract]
Accrued interest expense	$ 9,104	$ 31,960
Accrued unit-based compensation liability	29,703	21,896
Accrued capital expenditures	8,479	13,672
Accrued payroll and benefits	15,142	7,055
Accrued property taxes	$ 9,441	$ 3,729

Derivative Instrument - Narrati

Derivative Instrument - Narrative (Details) - Interest Rate Swap $ in Millions	Aug. 31, 2024 USD ($)
Derivative [Line Items]
Interest-rate swap, notional amount	$ 700
Interest-rate swap, fixed interest rate	3.9725%

Derivative Instrument - Fair va

Derivative Instrument - Fair value of our derivative instrument (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Derivative instrument	$ 0	$ 5,670
Derivative instrument, long term	0	0
Derivative Liability [Abstract]
Derivative instrument	0	0
Derivative instrument, long term	$ 0	$ 4,466

Derivative Instrument - Derivat

Derivative Instrument - Derivative instrument, gain (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on derivative instrument	$ (6,218)	$ 3,437	$ 5,684	$ 17,987

Debt Obligation - Summary of De

Debt Obligation - Summary of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less: deferred financing costs, net of amortization	$ (20,813)	$ (10,725)
Total long-term debt, net	2,532,398	2,336,088
Senior Notes
Debt Instrument [Line Items]
Total long-term debt, net	1,729,187	1,464,275
Senior Notes 2026
Debt Instrument [Line Items]
Long-term debt, aggregate principal	0	725,000
Senior Notes 2027
Debt Instrument [Line Items]
Long-term debt, aggregate principal	750,000	750,000
Senior Notes 2029
Debt Instrument [Line Items]
Long-term debt, aggregate principal	1,000,000	0
Revolving credit facility
Debt Instrument [Line Items]
Total long-term debt, net	$ 803,211	$ 871,813

Debt Obligation - Narrative (De

Debt Obligation - Narrative (Details)		3 Months Ended		9 Months Ended
	Mar. 18, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Oct. 01, 2023 USD ($)	Dec. 08, 2021
Long-term Debt
Loss on extinguishment of debt		$ 0	$ 0	$ 4,966,000	$ 0
USA Compression Partners, LP
Long-term Debt
Ownership interest percentage				100%
Revolving credit facility
Long-term Debt
Maximum borrowing capacity		1,600,000,000		$ 1,600,000,000
Outstanding borrowings		803,200,000		803,200,000
Letters of credit		500,000		500,000
Borrowing base availability		796,300,000		796,300,000
Line of credit facility, current borrowing capacity		$ 641,800,000		$ 641,800,000
Weighted average interest rate				7.98%
Commitment fee percentage				0.375%
Capacity available for repayment of debt						$ 100,000,000
Minimum EBITDA to interest coverage ratio		2.50		2.50
Maximum funded debt to EBITDA ratio						5.25
Increase in maximum funded debt to EBITDA ratio in connection with certain future acquisitions							0.25
Debt instrument covenant maximum funded debt to EBITDA ratio with specified acquisition		5.50		5.50
Debt instrument, unused borrowing capacity, threshold		$ 70,000,000		$ 70,000,000
Effective interest rate		7.50%		7.50%
Revolving credit facility | Minimum
Long-term Debt
Debt Instrument Secured Indebtedness To EBITDA Ratio							0
Revolving credit facility | Maximum
Long-term Debt
Debt Instrument Secured Indebtedness To EBITDA Ratio							3
Senior Notes | Senior Notes 2029
Long-term Debt
Long-term debt, aggregate principal	$ 1,000,000,000
debt interest rate, stated percentage	7.125%
Financing costs	$ 18,200,000
Senior Notes | Senior Notes 2029 | Prior to March 15, 2026
Long-term Debt
Principal amount redeemed (as a percent)	40%
Redemption price (as a percent)	107.125%
Amount of principal of debt outstanding after redemption, percent	60%
Senior Notes | Senior Notes 2029 | Debt Redemption In a Change of Control
Long-term Debt
Redemption price (as a percent)	101%
Senior Notes | Senior Notes 2026
Long-term Debt
Long-term debt, aggregate principal	$ 725,000,000
Debt defeasance, required cash outlay	748,800,000
Loss on extinguishment of debt				$ 5,000,000
Deferred debt issuance cost, writeoff				$ 4,300,000
Debt outstanding balance, including accrued interest	$ 748,100,000
Senior Notes | Senior Notes 2027
Long-term Debt
Effective interest rate		6.875%		6.875%

Debt Obligation - Schedule of D

Debt Obligation - Schedule of Debt Redemption Price (Details) - Senior Notes - Senior Notes 2029	9 Months Ended
	Sep. 30, 2024
2026
Debt Instrument [Line Items]
Redemption price (as a percent)	103.563%
2027
Debt Instrument [Line Items]
Redemption price (as a percent)	101.781%
2028 and thereafter
Debt Instrument [Line Items]
Redemption price (as a percent)	100%

Preferred Units - Narrative (De

Preferred Units - Narrative (Details) - $ / shares											9 Months Ended	12 Months Ended
	Oct. 10, 2024	Aug. 02, 2024	May 03, 2024	Apr. 01, 2024	Feb. 02, 2024	Jan. 12, 2024	Nov. 03, 2023	Aug. 04, 2023	May 05, 2023	Feb. 03, 2023	Sep. 30, 2024	Dec. 31, 2023
Preferred Units converted into common units (in shares)				280,000		40,000					320,000
Conversion of Preferred Units into common units (in shares)				13,991,954		1,998,850					15,990,804
Preferred stock, dividend paid per share (in dollars per share)		$ 24.375	$ 24.375		$ 24.375		$ 24.375	$ 24.375	$ 24.375	$ 24.375	$ 73.125	$ 97.50
Subsequent Event
Preferred stock, dividend declared per share (in dollars per share)	$ 24.375
Series A Preferred Units
Face value (in dollars per share)											1,000
Distribution per unit (in dollars per share)											24.375
Conversion rate numerator value plus unpaid cash distributions on the applicable preferred unit											1,000
Conversion rate denominator for each Preferred Unit											$ 20.0115
Preferred units, if redeemed, percentage electable to be paid in common units (up to)											50%
Common units | Cash Distributions | Limited partner
Distribution per limited partner unit (in dollars per share)		$ 0.525	$ 0.525		$ 0.525		$ 0.525	$ 0.525	$ 0.525	$ 0.525	$ 1.575	$ 2.10

Preferred Units - Schedule of P

Preferred Units - Schedule of Preferred Units Outstanding (Details) - shares			9 Months Ended
	Apr. 01, 2024	Jan. 12, 2024	Sep. 30, 2024
Preferred Units Outstanding [Roll Forward]
Beginning balance (in shares)			500,000
Preferred Units converted into common units (in shares)	(280,000)	(40,000)	(320,000)
Ending balance (in shares)			180,000

Preferred Units - Schedule of D

Preferred Units - Schedule of Dividends Declared (Details) - $ / shares								9 Months Ended	12 Months Ended
	Aug. 02, 2024	May 03, 2024	Feb. 02, 2024	Nov. 03, 2023	Aug. 04, 2023	May 05, 2023	Feb. 03, 2023	Sep. 30, 2024	Dec. 31, 2023
Equity [Abstract]
Preferred stock, dividend paid per share (in dollars per share)	$ 24.375	$ 24.375	$ 24.375	$ 24.375	$ 24.375	$ 24.375	$ 24.375	$ 73.125	$ 97.50

Preferred Units - Summary of Ch

Preferred Units - Summary of Changes in Preferred Units (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 476,334
Ending balance	168,809
Series A Preferred Units
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	476,334
Cash distributions on Preferred Units	(19,988)
Exercise and conversion of Preferred Units into common units	300,700
Net income allocated to Preferred Units	13,163
Ending balance	$ 168,809

Partners_ Deficit - Change in C

Partners’ Deficit - Change in Common Units Outstanding (Details) - shares			9 Months Ended
	Apr. 01, 2024	Jan. 12, 2024	Sep. 30, 2024
Increase (Decrease) in Partners' Capital
Beginning balance (in shares)			100,986,011
Issuance of common units under the DRIP (in shares)			46,018
Conversion of Preferred Units into common units (in shares)	13,991,954	1,998,850	15,990,804
Ending balance (in shares)			117,022,833

Partners_ Deficit - Narrative (

Partners’ Deficit - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		9 Months Ended
	Oct. 10, 2024	Sep. 30, 2024	Dec. 31, 2023
Partners' Capital
Partners' capital (in units)		117,022,833	100,986,011
Distribution reinvestment plan ("DRIP")
Partners' Capital
Common units issued (in shares)		46,018
Limited partner | Common units | Cash Distributions | Subsequent Event
Partners' Capital
Cash distribution announced per unit (in dollars per share)	$ 0.525
Limited partner | Common units | Distribution reinvestment plan ("DRIP")
Partners' Capital
Non-cash distributions		$ 1.1
Limited partner | Common units | Entities Affiliated With Energy Transfer LP
Partners' Capital
Partners' capital (in units)		46,056,228
General partner | Common units | Energy Transfer LP
Partners' Capital
Partners' capital (in units)		8,000,000

Partners_ Deficit - Cash Distri

Partners’ Deficit - Cash Distributions (Details) - Cash Distributions - USD ($) $ / shares in Units, $ in Millions								9 Months Ended	12 Months Ended
	Aug. 02, 2024	May 03, 2024	Feb. 02, 2024	Nov. 03, 2023	Aug. 04, 2023	May 05, 2023	Feb. 03, 2023	Sep. 30, 2024	Dec. 31, 2023
Cash Distributions
Total distribution	$ 62.4	$ 62.4	$ 55.1	$ 52.7	$ 52.8	$ 52.7	$ 52.7	$ 179.9	$ 210.9
Phantom Unitholders
Cash Distributions
Total distribution	$ 1	$ 1	$ 1	$ 1.1	$ 1.2	$ 1.1	$ 1.1	$ 3	$ 4.5
Limited partner | Common units
Cash Distributions
Distribution per limited partner unit (in dollars per share)	$ 0.525	$ 0.525	$ 0.525	$ 0.525	$ 0.525	$ 0.525	$ 0.525	$ 1.575	$ 2.10
Total distribution	$ 61.4	$ 61.4	$ 54.1	$ 51.6	$ 51.6	$ 51.6	$ 51.6	$ 176.9	$ 206.4

Partners_ Deficit - Income per

Partners’ Deficit - Income per Unit (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Phantom units
Partners' Capital
Basic and diluted weighted average common units outstanding difference (in shares)	1,239,000	1,316,000	1,145,000	1,185,000
Warrants
Partners' Capital
Basic and diluted weighted average common units outstanding difference (in shares)		655,000		460,000

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 239,968	$ 217,085	$ 704,557	$ 621,129
Services provided over time:
Disaggregation of Revenue [Line Items]
Total revenues	233,919	209,841	686,790	605,386
Primary term
Disaggregation of Revenue [Line Items]
Total revenues	203,887	161,293	593,075	466,763
Month-to-month
Disaggregation of Revenue [Line Items]
Total revenues	30,032	48,548	93,715	138,623
Services provided or goods transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	6,049	7,244	17,767	15,743
Contract operations revenue
Disaggregation of Revenue [Line Items]
Total revenues	233,919	209,841	686,790	605,386
Retail parts and services revenue
Disaggregation of Revenue [Line Items]
Total revenues	$ 6,049	$ 7,244	$ 17,767	$ 15,743

Revenue Recognition - Contract

Revenue Recognition - Contract Asset and Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 67,896	$ 67,896	$ 62,589
Other liabilities	7,268	7,268	6,000
Total	75,164	75,164	$ 68,589
Revenue recognized related to deferred revenue	$ 1,300	$ 60,400

Revenue Recognition - Performan

Revenue Recognition - Performance Obligation (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 1,223,668
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 194,903
Remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 510,378
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 285,849
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 157,956
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 74,582
Remaining performance obligation, expected timing of satisfaction, period

Transactions with Related Par_2

Transactions with Related Parties - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
USA Compression Partners, LP | Energy Transfer LP
Transactions with Related Parties
Ownership interest percentage	39%
USA Compression GP, LLC | Energy Transfer LP
Transactions with Related Parties
Ownership interest percentage	100%
Entities Affiliated With Energy Transfer LP
Transactions with Related Parties
Receivables from related party	$ 7,200	$ 0

Transactions with Related Par_3

Transactions with Related Parties - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Transactions with Related Parties
Revenue	$ 239,968	$ 217,085	$ 704,557	$ 621,129
Entities Affiliated With Energy Transfer LP
Transactions with Related Parties
Revenue	$ 13,694	$ 5,216	$ 25,249	$ 15,759

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer Benchmark | Customer Concentration Risk | One Unnamed Customer
Other commitments
Customer concentration risk	12%	11%	12%	11%
Minimum | Oklahoma Tax Commission
Other commitments
Income tax examination, estimate of possible loss			$ 0
Minimum | Internal Revenue Service (IRS)
Other commitments
Income tax examination, estimate of possible loss			0
Maximum | Oklahoma Tax Commission
Other commitments
Income tax examination, estimate of possible loss			30.3
Maximum | Internal Revenue Service (IRS)
Other commitments
Income tax examination, estimate of possible loss			$ 28