USA Compression acquires $187M in assets

|About: USA Compression Partners, LP (USAC)|By:, SA News Editor

USA Compression Partners (USAC) agrees to acquire $187M of compression assets from S&R Compression in exchange for ~7.4M common units representing a 20% limited partner interest.

The 983 compression units are primarily used for oil production and located mostly in Texas and Oklahoma.

Q2 earnings jumped as revenue and margins improved, but earnings and revenue missed expectations.