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.
Energy Transfer LP (NYSE:ET) reported robust financial results for Q2 2022, showing a net income of $1.33 billion, a $700 million increase year-over-year. Adjusted EBITDA rose to $3.23 billion, up from $2.62 billion in Q2 2021. The company also announced a quarterly cash distribution of $0.23 per unit, reflecting a 50% increase from the previous year. With ongoing construction of new facilities and strong demand in the Permian Basin, Energy Transfer expects full-year Adjusted EBITDA between $12.6 billion and $12.8 billion.
USA Compression Partners announced its Q2 2022 financial results, reporting total revenues of $171.5 million, up from $156.6 million in Q2 2021. Net income was $9.1 million, contrasting sharply with $2.7 million a year prior. Adjusted EBITDA rose to $105.4 million, and Distributable Cash Flow increased to $55.6 million, indicating a robust operational performance. The partnership also declared a cash distribution of $0.525 per common unit, consistent year-over-year. Active horsepower utilization reached 88.4%, reflecting heightened demand in the energy sector amid strong commodity prices.
USA Compression Partners (NYSE: USAC) and Callon Petroleum (NYSE: CPE) have initiated the start-up of several Dual Drive compressors in the Eagle Ford Shale. This innovative compression service allows operators to use either natural gas or electricity, significantly reducing greenhouse gas emissions. USA Compression is the sole provider of this technology, aiming to enhance operational reliability and reduce costs. The Dual Drive system combines gas and electric engines to optimize fuel use and emissions, contributing to sustainability goals.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of
Energy Transfer LP (ET) has announced its quarterly cash distributions for Series C, D, and E Preferred Units. The payments are
USA Compression Partners (NYSE: USAC) announced a cash distribution of $0.525 per common unit for Q2 2022, equating to an annualized $2.10. This distribution will be paid on August 5, 2022, to unitholders on record as of July 25, 2022. Additionally, the company will release its Q2 2022 results before the U.S. market opens on August 2, 2022, followed by a conference call at 11 a.m. ET to discuss results. A replay will be available until August 12, 2022.
Energy Transfer LP (NYSE: ET) will announce its second-quarter earnings on August 3, 2022, after market close. A conference call will follow at 3:30 p.m. CT to discuss results and provide updates. Energy Transfer operates a large, diversified energy asset portfolio across major U.S. production basins, including natural gas and crude oil transportation and storage. The company also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Further details and the webcast can be accessed on energytransfer.com.
Energy Transfer has entered a significant 25-year LNG Sale and Purchase Agreement with China Gas, marking the latter's first long-term LNG contract. This deal involves supplying 0.7 million tonnes of LNG annually, starting in 2026, with prices linked to the Henry Hub benchmark. This agreement increases Energy Transfer's contracted LNG from the Lake Charles LNG facility to nearly 6 million tonnes per annum. The project has secured all necessary construction permits and aims to achieve a Final Investment Decision (FID) later this year.
USA Compression Partners, LP (NYSE: USAC) announced its participation in the Energy Infrastructure Council Investor Conference, set for May 16 and 17 in West Palm Beach, Florida. The senior management team will engage in meetings with the investment community, and presentation materials will be made available on the company's website before the event. As a leading provider of natural gas compression services, USA Compression focuses on high-volume applications across various sectors, catering to a diverse clientele that includes producers and transporters of natural gas and crude oil.
Energy Transfer LP (NYSE:ET) reported net income of $1.27 billion for Q1 2022, translating to $0.38 per limited partner unit. Adjusted EBITDA fell to $3.34 billion from $5.04 billion in Q1 2021, primarily due to the impact of Winter Storm Uri. Distributable Cash Flow decreased to $2.08 billion from $3.91 billion. The partnership saw increased transportation volumes and continued investment in infrastructure projects, including the new Grey Wolf processing plant and Gulf Run Pipeline. A 30% increase in quarterly distributions to $0.20 per unit was announced, with future increases under consideration.
FAQ
What is the current stock price of USA COMPRESSION PARTNERS LP (USAC)?
What is the market cap of USA COMPRESSION PARTNERS LP (USAC)?
What services does USA Compression Partners LP provide?
Where is USA Compression Partners LP headquartered?
In which shale plays does USA Compression Partners LP operate?
What are the infrastructure applications of the company's services?
Does USA Compression Partners LP handle the maintenance of its compression units?
How can I stay updated about USA Compression Partners LP's latest news?
Is USA Compression Partners LP a publicly traded company?
What is the core focus of USA Compression Partners LP?
Who are the customers of USA Compression Partners LP?