Usa Compression Partners Lp - USAC STOCK NEWS

Energy Transfer (NYSE: ET) will acquire WTG Midstream in a $3.25 billion deal, enhancing its gas pipeline and processing network in the Permian Basin. The acquisition includes eight processing plants with a capacity of 1.3 Bcf/d, two new plants under construction, and over 6,000 miles of gas gathering pipelines. The transaction, expected to close in Q3 2024, involves $2.45 billion in cash and 50.8 million newly issued ET common units. It is anticipated to add $0.04 to 2025 DCF per unit, growing to $0.07 by 2027. Regulatory approval is pending.

USA Compression Partners (NYSE: USAC) announced its senior management will attend the Energy Infrastructure Council CEO & Investor Conference in Aventura, Florida. The event is scheduled for May 22, where senior management will engage with the investment community. Presentation materials will be available on the company's website prior to the meetings. USA Compression is one of the largest independent providers of natural gas compression services in the U.S., serving a wide range of customers in the natural gas and crude oil industry.

Energy Transfer LP (NYSE: ET) reported strong first quarter 2024 results with a net income of $1.24 billion. Adjusted EBITDA was $3.88 billion, seeing an increase in distributable cash flow. Operational highlights included significant growth in volumes across various segments. Financially, Energy Transfer raised its Adjusted EBITDA guidance for 2024 and approved new projects to enhance its operations.

USA Compression Partners reported first-quarter 2024 results, achieving record revenues of $229.3 million and net income of $23.6 million. The Partnership updated its 2024 outlook, highlighting record utilization and financial results. Operational highlights include record average horsepower utilization of 94.8%, revenue-generating horsepower of 3.47 million, and revenue per horsepower per month of $19.96. Expansion capital expenditures were $104.8 million. The Partnership issued senior notes and converted Preferred Units into common units. The updated 2024 guidance projects a positive outlook for natural gas demand and strong oil demand.

Energy Transfer (ET) has announced an increase in its quarterly cash distribution to $0.3175 per common unit for the first quarter of 2024, marking a 3.3% increase from the previous year. The distribution will be paid on May 20, 2024, to shareholders of record as of May 13, 2024. Additionally, the company plans to release its first-quarter earnings on May 8, 2024, and will conduct a conference call to discuss the results and provide an update.

Energy Transfer LP (ET) announced a quarterly cash distribution of $0.2111 per Series I Preferred Unit and the redemption of all outstanding Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units at $25.00 per Unit on May 15, 2024. Holders of Units as of May 1, 2024, will receive accrued distributions. Energy Transfer LP is a leading energy company in the US with a vast portfolio of energy assets.

USA Compression Partners, LP (USAC) declares a cash distribution of $0.525 per common unit for Q1 2024, totaling $2.10 annually. The distribution is payable on May 3, 2024. Additionally, the company will release its Q1 2024 earnings on May 7, with an investor conference call to discuss financial and operating results.

Energy Transfer LP (ET) plans to release earnings for Q1 2024 on May 8, 2024, followed by a conference call to discuss results and company updates. With a vast energy asset portfolio in the US, Energy Transfer is a leading player in the industry.

Energy Transfer LP (ET) announces the redemption of its Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units on May 15, 2024, at a price of $25.00 per Unit. Holders of Units as of May 1, 2024, will receive accrued distributions of $0.4750 per Unit. Energy Transfer LP is a leading energy infrastructure company in the U.S. with a vast network of pipelines and energy assets across 44 states.