In this paper an investigation is made of the effect of an axially symmetric explosion at any depth in a semi-infinite, compressible, non-viscous fluid, acted upon by gravity. The explosion is represented by a line source of the form δ(x)δ(z – h)δ(t), where h is the depth of the source. An exact solution is given using the linearized theory. This solution is studied in detail by asymptotic methods, for the special case of a surface explosion. It is found that compressibility results in the gravity waves being propagated with a speed less than c, the speed of sound in the fluid. If x is the distance from the explosion and t the time that has elapsed after the explosion, then for [Formula: see text] only "precursor" waves are noticed at the point of observation. For [Formula: see text] large amplitude waves are present, similar to the waves predicted by the incompressible theory.