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.
USA Compression Partners, LP (NYSE: USAC) announced attendance at the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami, Florida, on February 28. Senior management will engage with the investment community, with presentation materials available before the meetings on the company website. USA Compression is one of the largest independent providers of natural gas compression services, focusing on high-volume gathering systems, processing facilities, and transportation applications.
USA Compression Partners, LP (NYSE: USAC) has announced that its 2021 tax packages, including the Schedule K-1, are now accessible online at taxpackagesupport.com/usac. Due to supply chain uncertainties, mailing of these tax packages is expected to begin the week of March 7, 2022. The company advises unitholders to utilize the online resource for timely access to their tax information. For additional inquiries, unitholders can reach Tax Package Support at 1-855-521-8151 or visit the investor relations section on the official website.
Energy Transfer LP (NYSE: ET) has filed its annual report on Form 10-K for the year ending December 31, 2021, with the SEC. The report, available on the company's website, includes audited financial statements and various other documents for unitholders. Energy Transfer operates a diverse energy asset portfolio in North America, including natural gas and crude oil transportation, storage, and NGL fractionation. The company also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Energy Transfer LP (NYSE: ET) reported a strong financial performance for Q4 2021, with net income of $921 million, up $412 million year-over-year. Adjusted EBITDA rose to $2.81 billion, driven by increased NGL transportation and higher commodity prices. Distributable Cash Flow increased to $1.60 billion. Growth capital expenditures are projected between $1.6 billion and $1.9 billion for 2022. The partnership completed significant projects, including the Mariner East and Gulf Run pipelines, and successfully integrated the Enable acquisition, expected to yield over $100 million in annual cost efficiencies.
USA Compression Partners filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, with the SEC. The report, accessible on the company's website and the SEC's site, includes comprehensive financial statements. USA Compression is recognized as one of the largest independent natural gas compression service providers in the U.S., serving a diverse customer base across the natural gas and crude oil sectors. More information can be found at www.usacompression.com.
USA Compression Partners reported a net income of $3.1 million for Q4 2021, recovering from a net loss of $1.5 million in Q4 2020. Total revenues grew to $159.9 million, up from $158.4 million year-over-year. Adjusted EBITDA remained steady at $99.2 million, while Distributable Cash Flow rose to $52.0 million. The partnership announced a cash distribution of $0.525 per common unit. For 2022, it anticipates net income between $33.0 million and $53.0 million and plans to increase capital expenditures to $115 million, indicating growth opportunities in compression services.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of $0.175 per common unit for Q4 2021, reflecting a 15% increase from the previous quarter. This distribution, payable on February 18, 2022, aims to return value to unitholders while maintaining a target leverage ratio of 4.0x-4.5x debt-to-EBITDA. The company plans to evaluate future distribution increases quarterly to eventually return to a quarterly level of $0.305. Earnings results for Q4 and full year 2021 will be released on February 16, 2022, followed by a conference call to discuss the outlook for 2022.
Energy Transfer LP (NYSE: ET) has announced quarterly cash distributions for its preferred units, amounting to
Energy Transfer LP (NYSE: ET) has appointed Dilanka Seimon as Vice President of Alternative Energy. Seimon, an industry veteran from BHP, will lead the development of alternative energy and carbon capture projects, focusing on ESG initiatives such as carbon offset programs. His extensive experience in the energy sector is anticipated to enhance Energy Transfer's efforts in renewable energy and sustainability.
USA Compression Partners, LP (NYSE: USAC) has declared a cash distribution of $0.525 per common unit for Q4 2021, equating to $2.10 annually. The payout will be made on February 4, 2022, to unitholders of record by January 24, 2022. Additionally, the company plans to release its fourth quarter 2021 results prior to market opening on February 15, followed by an investor conference call at 11 a.m. ET.
USA Compression is a key player in natural gas compression services, partnering with various sectors of the oil and gas industry.
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