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USA COMPRESSION PARTNERS LP - USAC STOCK NEWS

Welcome to our dedicated page for USA COMPRESSION PARTNERS LP news (Ticker: USAC), a resource for investors and traders seeking the latest updates and insights on USA COMPRESSION PARTNERS LP stock.

USA Compression Partners LP (symbol: USAC) is a prominent player in the oil and energy sector, headquartered in Austin, Texas. The company specializes in providing essential compression services across the United States, catering to customers involved in infrastructure applications. These services are crucial for the processing and transportation of natural gas through the domestic pipeline system and for enhancing crude oil production through artificial lift processes.

With a strong focus on engineering, design, operation, servicing, and repair of compression units, USA Compression Partners LP ensures the high efficiency and reliability of its fleet. The company also maintains a comprehensive inventory of support equipment to back its services.

Key Areas of Operation:

  • Utica Shale
  • Marcellus Shale
  • Permian Basin
  • Delaware Basin
  • Eagle Ford Shale
  • And several other prominent shale plays throughout the U.S.

Recent achievements and ongoing projects highlight USA Compression Partners LP's commitment to excellence and innovation in the industry. The company continues to expand its service capabilities, ensuring robust support for the evolving needs of the natural gas and oil sectors. For the latest updates, performance insights, and developments, stay tuned to USA Compression Partners LP's news section.

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Energy Transfer LP (ET) has declared a quarterly cash distribution of $0.2111 per Series I Preferred Unit. The distribution will be paid on February 14, 2025 to Series I unitholders of record as of February 4, 2025.

Energy Transfer operates one of the largest energy asset portfolios in the United States, encompassing over 130,000 miles of pipeline across 44 states. The company's infrastructure includes natural gas midstream operations, interstate and intrastate transportation, storage assets, and various energy product transportation and terminalling facilities. ET also holds significant ownership stakes in Sunoco LP (21%) and USA Compression Partners, LP (39%).

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USA Compression Partners (NYSE: USAC) has announced its fourth-quarter 2024 cash distribution of $0.525 per common unit ($2.10 annualized). The distribution will be paid on February 7, 2025, to unitholders of record as of January 27, 2025.

The company will release its Q4 2024 financial results before U.S. markets open on February 11, followed by an investor conference call at 11 a.m. Eastern Time. Investors can participate via webcast through the company's Investor Relations website or by phone for U.S. and Canadian participants.

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Energy Transfer LP (NYSE: ET) has announced plans to release its fourth quarter and full year 2024 earnings report on Tuesday, February 11, 2025, after market close. The company will host a conference call at 3:30 p.m. Central Time/4:30 p.m. Eastern Time on the same day to discuss results and provide a 2025 outlook.

Energy Transfer operates one of the largest energy asset portfolios in the United States, comprising over 130,000 miles of pipeline infrastructure across 44 states. The company's portfolio includes natural gas midstream operations, interstate and intrastate transportation, storage assets, crude oil and NGL transportation, and terminalling facilities. Additionally, ET owns Lake Charles LNG Company and holds significant stakes in Sunoco LP (21%) and USA Compression Partners (39%).

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Energy Transfer LP (NYSE: ET) has announced a significant 20-year LNG Sale and Purchase Agreement with Chevron U.S.A. for its Lake Charles LNG project. Under the agreement, Energy Transfer LNG will supply 2.0 million tonnes of LNG per annum to Chevron on a free-on-board basis.

The purchase price includes a fixed liquefaction charge and a gas supply component indexed to the Henry Hub benchmark. The Lake Charles LNG export facility will be built on an existing brownfield regasification site, utilizing four LNG storage tanks, two deep water berths, and existing infrastructure. The facility will connect to Energy Transfer's Trunkline pipeline system, providing access to multiple natural gas producing basins including Haynesville, Permian, and Marcellus Shale.

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Energy Transfer LP (NYSE: ET) has announced a final investment decision to construct the Hugh Brinson Pipeline, a major natural gas pipeline project connecting the Permian Basin to multiple markets. The project will be developed in two phases:

Phase I includes construction of a 400-mile, 42-inch pipeline with 1.5 Bcf/d capacity from Waha to Maypearl, Texas, plus a 42-mile Midland Lateral. Phase II would increase capacity to 2.2 Bcf/d through additional compression. The combined cost is estimated at $2.7 billion, supported by long-term, fee-based commitments from investment-grade counterparties.

The pipeline will connect to Energy Transfer's existing infrastructure and provide access to major Texas markets and trading hubs. Phase I completion is expected by end of 2026.

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USA Compression Partners (NYSE: USAC) has announced its senior management's participation in two upcoming investor conferences in New York. The events include the Mizuho Power, Energy & Infrastructure Conference on December 9 and the Wells Fargo Midstream, Energy & Utilities Symposium on December 10.

The company, one of the nation's largest independent natural gas compression service providers, will make its presentation materials available on its website's Investor Relations section prior to the meetings. USA Compression Partners serves a broad customer base including producers, processors, gatherers, and transporters of natural gas and crude oil, focusing primarily on midstream natural gas compression services for infrastructure applications.

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Energy Transfer (NYSE:ET) reported strong Q3 2024 results with net income of $1.18 billion ($0.33 per unit) and Adjusted EBITDA of $3.96 billion, up from $3.54 billion in Q3 2023. The company achieved record volumes across multiple segments: crude oil transportation (+25%), crude oil exports (+49%), midstream gathered volumes (+6%), and NGL fractionation (+12%). Growth capital expenditures were $724 million, while maintenance capital expenditures were $359 million. The company completed strategic acquisitions including WTG Midstream and announced a $0.3225 per unit quarterly distribution.

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USA Compression Partners (NYSE: USAC) reported record third-quarter 2024 results with total revenues of $240.0 million, up from $217.1 million in Q3 2023. Net income was $19.3 million, slightly down from $20.9 million year-over-year. The company achieved record average revenue-generating horsepower of 3.56 million and record average revenue per horsepower of $20.60. Adjusted EBITDA increased to $145.7 million from $130.2 million in Q3 2023. The company confirmed its 2024 outlook and increased expansion capital expenditures to between $240.0-250.0 million.

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USA Compression Partners (NYSE: USAC) has announced the appointment of Christopher M. Paulsen as its new Chief Financial Officer, effective November 18, 2024. Paulsen brings over 20 years of energy industry experience, most recently serving as Senior Vice President of Business Development and Strategy at Pioneer Natural Resources. He holds a BBA from Baylor University and an MBA from the University of Texas McCombs School of Business. Paulsen serves on the boards of Ralph Lowe Energy Institute at Texas Christian University and Maguire Energy Institute at Southern Methodist University.

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Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3225 per common unit ($1.29 annualized) for Q3 2024, representing a 3.2% increase compared to Q3 2023. The distribution will be paid on November 19, 2024, to unitholders of record as of November 8, 2024. The company will release Q3 2024 earnings on November 6, 2024, after market close, followed by a conference call at 3:30 p.m. Central Time. Energy Transfer operates one of the largest energy asset portfolios in the US, with over 130,000 miles of pipeline across 44 states.

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FAQ

What is the current stock price of USA COMPRESSION PARTNERS LP (USAC)?

The current stock price of USA COMPRESSION PARTNERS LP (USAC) is $25.59 as of January 23, 2025.

What is the market cap of USA COMPRESSION PARTNERS LP (USAC)?

The market cap of USA COMPRESSION PARTNERS LP (USAC) is approximately 3.0B.

What services does USA Compression Partners LP provide?

USA Compression Partners LP provides compression services for natural gas transportation and crude oil production enhancement.

Where is USA Compression Partners LP headquartered?

The company is headquartered at 100 Congress Street, Suite 450, Austin, Texas, United States.

In which shale plays does USA Compression Partners LP operate?

The company operates in several shale plays, including Utica, Marcellus, Permian Basin, Delaware Basin, and Eagle Ford.

What are the infrastructure applications of the company's services?

The services are used for processing and transporting natural gas and enhancing crude oil production through artificial lift processes.

Does USA Compression Partners LP handle the maintenance of its compression units?

Yes, the company engineers, designs, operates, services, and repairs its compression units and maintains related support inventory and equipment.

How can I stay updated about USA Compression Partners LP's latest news?

You can stay updated by following the latest news and announcements on the company's website or reliable financial news platforms.

Is USA Compression Partners LP a publicly traded company?

Yes, USA Compression Partners LP is publicly traded under the symbol USAC.

What is the core focus of USA Compression Partners LP?

The core focus of USA Compression Partners LP is to provide compression services for natural gas and crude oil infrastructure.

Who are the customers of USA Compression Partners LP?

The company's customers include those involved in natural gas processing and transportation, as well as crude oil production enhancement.

What regions does USA Compression Partners LP serve?

The company serves various regions across the U.S., focusing on major shale plays like the Utica, Marcellus, Permian Basin, Delaware Basin, and Eagle Ford.
USA COMPRESSION PARTNERS LP

NYSE:USAC

USAC Rankings

USAC Stock Data

3.00B
70.06M
40.12%
38.94%
1.48%
Oil & Gas Equipment & Services
Natural Gas Transmission
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United States of America
AUSTIN