USA Compression Partners, LP USAC

Competitive advantage analysis · energy

Corporate Default
Overall moat score
77/100
Strong

About USA Compression Partners, LP

USA Compression Partners, LP provides natural gas compression services in the United States. The company offers compression services to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil, as well as for infrastructure applications, including centralized natural gas gathering systems and processing facilities, and gas lift applications in crude oil wells. It also owns … Full USAC analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 38.5% (top 11%) and operating margin at 30.7% (top 4%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.85), demonstrating pricing resilience across cycles.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.19), raising refinancing risk.
  • Liquidity Concerns Liquidity is concerning (score 0.23), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
89

Where USAC ranks in Oil & Gas Equipment & Services

USA Compression Partners, LP ranks #2 of 50 scored companies in Oil & Gas Equipment & Services by moat score — the top 4%. The widest moat in the group is Cactus, Inc. Class A Common Sto (WHD) at 78/100.

Moat scores for companies ranked near USAC in Oil & Gas Equipment & Services
# Company Moat score Rating
1 Cactus, Inc. Class A Common Sto WHD 78/100 Strong
2 USA Compression Partners, LP USAC 77/100 Strong
3 Archrock, Inc. AROC 72/100 Moderate
4 LandBridge Company LLC LB 71/100 Moderate
5 TechnipFMC plc FTI 69/100 Moderate
6 Schlumberger N.V. SLB 69/100 Moderate
7 Tidewater Inc. TDW 69/100 Moderate
8 Tenaris S.A. TS 68/100 Moderate
9 Flowco Holdings Inc. FLOC 67/100 Moderate

See every Commodities & Mining company ranked by moat score →

How USAC scores on the Corporate Default defenses

Pricing Power

Score 89 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 88 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 91 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 85 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 36 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 77 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding USAC's moat

What is USA Compression Partners, LP's moat score?

USA Compression Partners, LP (USAC) scores 77 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 50 scored companies in Oil & Gas Equipment & Services, the top 4%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 49 companies in Oil & Gas Equipment & Services. Its strongest defense is Customer Stickiness (91/100) and its weakest is Resilience (36/100).

How does USA Compression Partners, LP compare with other Oil & Gas Equipment & Services companies?

USA Compression Partners, LP ranks #2 of 50 scored companies in Oil & Gas Equipment & Services by moat score. The widest moat in Oil & Gas Equipment & Services is Cactus, Inc. Class A Common Sto (WHD) at 78/100. The companies ranked closest are Cactus, Inc. Class A Common Sto (WHD) at 78 just above it and Archrock, Inc. (AROC) at 72 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 49 companies in Oil & Gas Equipment & Services. The defenses are then weighted to produce the overall score out of 100.

Why is USA Compression Partners, LP scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for USA Compression Partners, LP?

The Corporate Default template measures 6 defenses, and USAC scores: Pricing Power (89), Cost Advantage (88), Customer Stickiness (91), Capital Efficiency (85), Resilience (36), Scale & Market Position (77). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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