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 reported third quarter 2021 revenues of $158.6 million, down from $161.7 million year-over-year. Net income was $4.1 million, declining from $6.5 million in Q3 2020. Adjusted EBITDA reached $99.6 million, down from $103.9 million. The company maintained a cash distribution of $0.525 per common unit, consistent with the prior year. Despite lower revenues and net income, management noted improved customer activity and pricing. The partnership remains optimistic about the natural gas sector's growth amid tight supply and demand dynamics.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of
Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for Series C, D, and E Preferred Units, amounting to $0.4609375, $0.4765625, and $0.4750000 respectively. Payments are scheduled for November 15, 2021, to unitholders on record as of November 1, 2021. This follows the merger on April 1, 2021, where Energy Transfer Operating, L.P. merged into ET. Energy Transfer holds a significant energy asset portfolio across the United States, including interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
USA Compression Partners, LP (NYSE: USAC) has declared a cash distribution of
Energy Transfer LP (NYSE: ET) plans to release its third quarter 2021 earnings on November 3, 2021, after market close. A conference call will be held the same day at 3:30 PM CT to discuss results and provide updates, accessible via energytransfer.com. The company operates a diversified portfolio of energy assets across major U.S. production basins, including operations in natural gas midstream and crude oil transportation. Energy Transfer also has significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners LP (NYSE: USAC).
Energy Transfer (NYSE: ET) has signed a 15-year Power Purchase Agreement (PPA) with SB Energy for 120 megawatts from the Eiffel Solar project in Texas. This agreement supports Energy Transfer's commitment to renewable energy and complements its first agreement with the Maplewood 2 solar farm. SB Energy plans to commence construction on the Eiffel Solar project in 2022, with energy delivery starting in January 2024. The initiative aligns with the growing demand for clean energy solutions in Texas.
USA Compression Partners, LP (NYSE: USAC) announced that senior management will participate in the Citi One-on-One Midstream / Energy Infrastructure Conference on August 19. The team will engage in virtual meetings with investors, and presentation materials will be available on their website beforehand. USA Compression is one of the largest independent providers of natural gas compression services in the U.S., focusing on high-volume gathering and processing systems. For more details, visit usacompression.com.
USA Compression Partners announced its second quarter 2021 results with total revenues of $156.6 million, down from $168.7 million in Q2 2020. Net income remained stable at $2.7 million. Adjusted EBITDA decreased to $100.0 million from $105.5 million year-over-year. Distributable Cash Flow also fell to $52.5 million, down from $58.7 million. The partnership announced a cash distribution of $0.525 per unit. Looking ahead, the company maintains a positive outlook for the natural gas sector despite some demand pressure due to COVID-19.
USA Compression Partners, LP (NYSE: USAC) has declared a cash distribution of $0.525 per common unit for Q2 2021, which annualizes to $2.10. This distribution is scheduled for payment on August 6, 2021, to unitholders of record as of July 26, 2021. Additionally, the company plans to release its Q2 2021 earnings on August 3, before the U.S. market opens, followed by a conference call at 11 a.m. ET to discuss results.
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?
What regions does USA Compression Partners LP serve?
