USA Compression Partners approves compensation package for executive officer

USA Compression Partners, LP (NYSE:USAC) announced Wednesday that its Compensation Committee approved a new compensation package for Christopher W. Porter, the company’s Vice President, General Counsel and Secretary.

According to a statement based on a recent SEC filing, Mr. Porter will receive an annual base salary of $435,000. He will continue to participate in the company’s Second Amended and Restated Annual Cash Incentive Plan, with a target bonus set at 105% of his annual base earnings. The bonus will be determined annually and is contingent on Mr. Porter’s continued employment. Payment of the bonus will occur on the same date as incentive cash bonuses for other company executives.

Mr. Porter will also maintain his participation in the company’s long-term equity incentive plan and the Long-Term Cash Restricted Unit Plan, with an initial target value equal to 250% of his annual base salary.

As part of the agreement, Mr. Porter intends to relocate to the company’s headquarters in Dallas, Texas by June 2026. The company and Mr. Porter also agreed to amend his employment agreement, originally effective January 1, 2017, to remove his right to terminate the agreement due to a relocation of his principal place of employment. In addition, both parties agreed not to renew the employment agreement at the end of its current term, which does not result in Mr. Porter’s termination of employment.

USA Compression Partners, LP is listed on the New York Stock Exchange under the ticker (NYSE:USAC). The information in this article is based on a press release statement included in the company’s SEC filing.

In other recent news, USA Compression Partners reported its first-quarter 2025 earnings, which revealed a miss on earnings per share (EPS), posting $0.14 against the forecasted $0.23. However, the company slightly exceeded revenue expectations, bringing in $245.2 million compared to the anticipated $244.78 million. Despite the earnings miss, the company maintained strong operational performance with a fleet utilization rate of 94.4%. The company has kept its 2025 guidance unchanged, projecting adjusted EBITDA between $590 million and $610 million. Analysts at Stifel revised their price target for USA Compression Partners to $27.00 from $28.00, while maintaining a Hold rating on the stock. The company is focusing on a strategy to manage leverage and is considering a high-yield financing option to refinance existing debt. USA Compression Partners is also monitoring tariff impacts on parts and materials, which could affect cost structures. The company continues to see strong demand in the compression market, particularly in the Northeast, where it has a significant presence.

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