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Overview
USA Compression Partners LP (USAC) is an oil and energy company that provides engineered compression services tailored for infrastructure applications across the United States. Integrating advanced compression fleet horsepower, the company supports critical operations in natural gas pipelines and enhances crude oil production through artificial lift processes. Its services are positioned within the oil & energy sector, addressing essential market needs with specialized solutions that are crucial for maintaining and optimizing energy infrastructure.
Core Business and Operations
At the heart of USA Compression Partners LP is its comprehensive suite of services which include engineering, design, operation, servicing, and repair of compression units. This integrated approach ensures a well-maintained compression fleet and associated support inventory, empowering clients to achieve efficient processing and transportation of natural gas as well as enhanced oil production. The company’s expertise in handling compression solutions makes it an indispensable partner in applications requiring robust, reliable, and technologically advanced compression systems.
Service Offerings and Industry Applications
USA Compression Partners LP focuses on delivering practical and scalable compression solutions in several prolific shale plays in the United States. Their participatory role in regions such as the Utica, Marcellus, Permian, Denver-Julesburg, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, and Haynesville underlines their operational depth and geographical reach. By managing a diverse compression fleet and providing essential maintenance and repair services, the company ensures continuous support for infrastructure developments and production enhancements in the oil and natural gas sectors.
Business Model and Market Significance
The company operates on a service-centric business model that blends technical expertise with operational efficiency. Revenue is primarily derived from the provision of compression services, which are critical to the processing and transportation phases in the energy production cycle. In a competitive market, USA Compression Partners LP differentiates itself through its deep technical know-how, the reliability of its services, and an operational ability to support large-scale energy infrastructure amidst evolving market challenges.
Industry Expertise and Technical Capabilities
Leveraging its scientific and engineering expertise, USA Compression Partners LP adheres to stringent quality and safety standards in all aspects of its operations. The company’s technical capabilities include the precise engineering of compression systems, comprehensive maintenance programs, and rapid repair services that ensure minimal downtime for client operations. This technical prowess is complemented by an in-depth understanding of industry-specific challenges, which allows the company to deliver customized, technically sound solutions that meet the rigorous demands of energy infrastructure.
Competitive Landscape and Operational Excellence
Within a crowded and competitive energy services market, USA Compression Partners LP stands out by focusing on operational excellence and continuous improvement in service delivery. Its ability to consistently deliver high-caliber compression solutions has earned it a recognized position among peers that serve similar infrastructure and production support roles. This reputation is built on a history of technical innovation, reliability, and adherence to best practices, making the company a trusted participant in the energy industry’s value chain.
Customer Focus and Support Systems
The company’s customer-centric approach is reflected in its commitment to offering tailored services that meet the diverse requirements of its clients. By providing an extensive range of services from design to repair, USA Compression Partners LP ensures its clients receive a full spectrum of support designed to enhance operational efficiency and production reliability. This comprehensive service model is integral to its mission of delivering dependable and scalable compression solutions.
Conclusion
In summary, USA Compression Partners LP is a key player in the provision of advanced compression services within the oil and energy industry. With a robust operational framework that spans engineering, design, operation, and maintenance, the company is strategically positioned to support critical infrastructure applications in both natural gas processing and enhanced oil production. It remains a pivotal contributor to the energy sector’s evolving landscape by consistently delivering reliable, technically sophisticated solutions that address the complex demands of modern energy infrastructure.
Energy Transfer LP (ET) has declared a quarterly cash distribution of $0.2111 per Series I Preferred Unit. The distribution will be paid on November 14, 2024, to Series I unitholders of record as of November 4, 2024. The company operates one of America's largest energy asset portfolios, including 130,000 miles of pipeline across 44 states. ET owns significant stakes in Sunoco LP (21%) and USA Compression Partners (39%), along with extensive infrastructure for natural gas, crude oil, and NGL operations.
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.
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