SCHEDULE 13G/A: ALPS Advisors and Alerian MLP ETF Maintain Significant Stake in USA Compression Partners LP

ALPS Advisors, Inc. and Alerian MLP ETF have filed an amended Schedule 13G, disclosing a continued beneficial ownership of 13.61% in USA Compression Partners LP as of March 31, 2025.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF jointly reported beneficial ownership of 15,990,511 common units representing limited partner interests in USA Compression Partners LP.
• This aggregate amount represents 13.61% of the outstanding class of securities.
• The filing is an Amendment No. 3 to a previous Schedule 13G, indicating an ongoing reporting requirement for their significant stake.
• Both reporting entities share voting and dispositive power over these units.
• ALPS Advisors, Inc. acts as an investment adviser to investment companies, including Alerian MLP ETF, and disclaims beneficial ownership, stating that all reported securities are owned by the Funds.

Sentiment

Score: 6

Explanation: The document is a factual disclosure of beneficial ownership. The continued holding of a significant stake by a specialized MLP fund can be interpreted as a neutral to slightly positive signal of confidence in the issuer, but the filing itself is not a performance report.

Positives

• The continued significant stake (13.61%) held by institutional investors like Alerian MLP ETF, a specialized MLP fund, may signal confidence in USA Compression Partners LP's long-term prospects within the energy infrastructure sector.
• The filing indicates that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, suggesting a passive, investment-oriented holding.

Risks

• The document itself does not detail specific risks related to USA Compression Partners LP's operations or financial health, as it is a beneficial ownership report. However, the value of the reported stake is subject to market fluctuations inherent in the energy sector and MLP investments.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding USA Compression Partners LP's future performance or strategic direction. It solely reports current beneficial ownership.

Management Comments

• Matthew Sutula, Chief Compliance Officer for both ALPS Advisors, Inc. and Alerian MLP ETF, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

Alerian MLP ETF is an exchange-traded fund that invests in Master Limited Partnerships (MLPs), primarily in the energy infrastructure sector. Its significant holding in USA Compression Partners LP, a provider of natural gas compression services, reflects its investment strategy focused on companies with stable cash flows and high distributions typical of MLPs. This filing provides transparency into institutional ownership within the MLP space.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
• Investment Professionals: Offers insight into the holdings of a prominent MLP-focused ETF, aiding in sector analysis and investment decisions.

Key Dates

Keywords

USA Compression Partners LP, MLP, Master Limited Partnership, ALPS Advisors, Alerian MLP ETF, Beneficial Ownership, SEC Filing, Schedule 13G, Common Units, Investment Adviser, Energy Infrastructure