USA COMPRESSION PARTNERS LP - USAC STOCK NEWS

USA Compression Partners (NYSE: USAC) has announced its third-quarter 2024 distribution and earnings release schedule. The company will distribute $0.525 per common unit ($2.10 annualized) on November 1, 2024, to unitholders of record as of October 21, 2024. USAC will release its Q3 2024 results on November 5, before U.S. markets open, followed by an investor conference call at 11 a.m. Eastern Time (10 a.m. Central Time).

Investors can participate in the earnings call via audio webcast or by phone for those in the U.S. or Canada. The webcast will be accessible through the 'Events' page of USAC's Investor Relations website. Phone participants should dial (888) 440-5655 and use the conference ID 8970064. A replay of the call will be available on the company's website shortly after the event.

Energy Transfer LP (NYSE: ET) has announced its plans to release third quarter 2024 earnings on Wednesday, November 6, 2024, after market close. The company will host a conference call the same day at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The call will be broadcast live via webcast on Energy Transfer's website and will be available for replay for a time.

Energy Transfer LP operates one of the largest and most diverse portfolios of energy assets in the United States, with over 130,000 miles of pipeline and associated infrastructure across 44 states. The company's strategic network covers all major U.S. production basins, offering a range of services including natural gas midstream, transportation and storage, as well as crude oil, NGL, and refined product transportation and terminalling.

USA Compression Partners, LP (NYSE: USAC) announced the retirement of Eric D. Long, President, CEO, and co-founder, effective October 2, 2024. Long will remain in a transitory role until December 31, 2024. Micah "Clint" Green, currently Senior VP at Energy Transfer LP, will succeed Long as President and CEO starting October 3, 2024.

Long co-founded USAC in 1998 and has over 40 years of industry experience. Green brings more than 25 years of experience, having held leadership positions at Energy Transfer since 2015. Tom Long, co-CEO of Energy Transfer and USAC Board Chairman, expressed gratitude for Eric Long's leadership and confidence in Green's ability to lead USAC's continued growth.

USA Compression Partners is one of the largest independent providers of natural gas compression services in the U.S., focusing on midstream applications in high-volume gathering systems, processing facilities, and transportation.

USA Compression Partners, LP (NYSE: USAC), a leading provider of natural gas compression services, has announced its participation in two upcoming investor conferences. The company's senior management will attend the Barclays Annual CEO Energy-Power Conference in New York on September 4 and the NYSE Investor Access – Energy & Utility Day virtually on September 10.

As part of these events, USAC representatives will engage in meetings with members of the investment community. The company plans to make presentation materials available on its website prior to the investor meetings, accessible through the Investor Relations section at usacompression.com under 'Presentations'.

USA Compression Partners is recognized as one of the largest independent natural gas compression service providers in the United States, serving a diverse customer base in the midstream sector.

Energy Transfer LP (NYSE: ET) has announced the pricing of a secondary public offering of 38,755,996 common units at $15.78 per unit. The offering is being conducted by WTG Midstream and an affiliate of Stonepeak, who will receive all proceeds. Energy Transfer will not sell any units or receive any proceeds from this offering. Certain officers and directors of the Partnership's general partner have agreed to purchase 3,040,000 common units at the same price. Barclays is serving as the underwriter, and the offering is expected to close on August 12, 2024. The offering is made pursuant to a registration statement declared effective on July 31, 2024, and is subject to customary closing conditions.

Energy Transfer LP (NYSE: ET) has announced a secondary public offering of 38,755,996 common units by WTG Midstream and a Stonepeak affiliate. The Selling Unitholders will receive all proceeds from the offering, with Energy Transfer not selling any units or receiving any proceeds. Barclays is serving as the underwriter for this market-dependent offering. The offering is made under a previously filed registration statement that became effective on July 31, 2024. Interested parties can obtain the prospectus from Barclays Capital Inc. or the SEC's website. This announcement does not constitute an offer to sell or a solicitation to buy securities.

USA Compression Partners (NYSE: USAC) has announced its participation in the Citi One-on-One Midstream & New Energy Infrastructure Conference in Las Vegas. The company's senior management will engage in meetings with the investment community on August 13. Presentation materials for these meetings will be available on USA Compression's website prior to the event.

USA Compression Partners is a leading independent provider of natural gas compression services in the United States. The company collaborates with a diverse customer base, including producers, processors, gatherers, and transporters of natural gas and crude oil. Their focus is on delivering midstream natural gas compression services for infrastructure applications, primarily in high-volume gathering systems, processing facilities, and transportation applications.

Energy Transfer LP (NYSE:ET) reported strong financial results for Q2 2024, with net income attributable to partners of $1.31 billion and adjusted EBITDA of $3.76 billion, up from $3.12 billion in Q2 2023. The company achieved record-breaking volumes across several segments, including crude oil transportation (up 23%), NGL exports, and NGL transportation. Energy Transfer completed the acquisition of WTG Midstream, adding 6,000 miles of gas gathering pipelines and eight processing plants. The company raised its full-year 2024 Adjusted EBITDA guidance to $15.3-$15.5 billion and increased its quarterly cash distribution to $0.32 per common unit. Energy Transfer also received credit rating upgrades from Moody's, Fitch, and S&P, reflecting improved financial performance.

USA Compression Partners (NYSE: USAC) reported record financial results for Q2 2024, with total revenues of $235.3 million, up from $206.9 million in Q2 2023. Net income increased to $31.2 million from $23.6 million year-over-year. The company achieved record average revenue-generating horsepower of 3.52 million and record average revenue per revenue-generating horsepower per month of $20.29.

USAC raised its 2024 outlook, increasing net income guidance to $105-$125 million, Adjusted EBITDA to $565-$585 million, and Distributable Cash Flow to $345-$365 million. The company plans to increase expansion capital expenditures to $195-$205 million in 2024, up from the original $115-$125 million plan, due to delayed unit deliveries and opportunistic acquisitions.