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.
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USA Compression Partners, LP (NYSE: USAC) announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the fourth-quarter of 2023. The distribution will be paid on February 2, 2024, to unitholders of record as of the close of business on January 22, 2024. Additionally, the company will release its fourth-quarter 2023 results prior to the opening of U.S. financial markets on Tuesday, February 13, and will conduct an investor conference call the same day to discuss financial and operating results.
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Energy Transfer LP (NYSE: ET) plans to release earnings for Q4 and full year 2023 on February 14, 2024. The company will conduct a conference call to discuss quarterly results, provide a company update, and outlook for 2024. Energy Transfer owns one of the largest and most diversified portfolios of energy assets in the US, with 125,000 miles of pipeline and infrastructure across 44 states.
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Energy Transfer LP (ET) announces the pricing of its concurrent offerings of senior notes and junior subordinated notes, expected to settle on January 25, 2024. The company plans to use the net proceeds of approximately $2.964 billion from the senior notes offering and $792 million from the junior subordinated notes offering to refinance existing indebtedness, including borrowings under its revolving credit facility, to redeem all of its outstanding Series C, D, and E preferred units, and for general partnership purposes.
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Energy Transfer LP (ET) intends to offer senior notes due 2034 and senior notes due 2054, as well as fixed-to-fixed reset rate junior subordinated notes due 2054. The net proceeds will be used to refinance existing indebtedness, redeem outstanding preferred units, and for general partnership purposes.
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Energy Transfer LP (ET) Signs Non-Binding Agreement with TotalEnergies for 4 Million Barrels of Crude Oil Per Month from Blue Marlin Offshore Port
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Energy Transfer completes merger with Crestwood Equity Partners, becoming the owner and operator of over 125,000 miles of pipeline across the U.S. The merger was approved by Crestwood unitholders and resulted in Energy Transfer common units being exchanged for Crestwood common units at a ratio of 2.07 to 1. The acquisition enhances Energy Transfer's leadership position in the midstream sector and is expected to generate annual cost and efficiency synergies of at least $40 million.
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Energy Transfer LP (NYSE:ET) reported net income of $584 million for Q3 2023. Adjusted EBITDA was $3.54 billion, and distributable cash flow was $1.99 billion. Operational highlights include record volumes in NGL fractionation, transportation, and exports. Energy Transfer also announced the acquisition of Crestwood Equity Partners LP. Full-year 2023 Adjusted EBITDA is expected to range between $13.5 billion and $13.6 billion.
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USA Compression Partners, LP (NYSE: USAC) announced its financial and operating results for Q3 2023. Key highlights include record total revenues of $217.1 million, net income of $20.9 million, and adjusted EBITDA of $130.2 million. Average horsepower utilization was 93.6%, and average revenue per revenue-generating horsepower per month was $19.10. The company also announced a cash distribution of $0.525 per common unit for Q3 2023.
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Energy Transfer LP announces increase in quarterly cash distribution and upcoming earnings release
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Energy Transfer LP announces quarterly cash distributions for Series C, Series D, and Series E preferred units.
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FAQ
What is the current stock price of USA COMPRESSION PARTNERS LP (USAC)?
The current stock price of USA COMPRESSION PARTNERS LP (USAC) is $21.54 as of December 20, 2024.
What is the market cap of USA COMPRESSION PARTNERS LP (USAC)?
The market cap of USA COMPRESSION PARTNERS LP (USAC) is approximately 2.6B.
What services does USA Compression Partners LP provide?
USA Compression Partners LP provides compression services for natural gas transportation and crude oil production enhancement.
Where is USA Compression Partners LP headquartered?
The company is headquartered at 100 Congress Street, Suite 450, Austin, Texas, United States.
In which shale plays does USA Compression Partners LP operate?
The company operates in several shale plays, including Utica, Marcellus, Permian Basin, Delaware Basin, and Eagle Ford.
What are the infrastructure applications of the company's services?
The services are used for processing and transporting natural gas and enhancing crude oil production through artificial lift processes.
Does USA Compression Partners LP handle the maintenance of its compression units?
Yes, the company engineers, designs, operates, services, and repairs its compression units and maintains related support inventory and equipment.
How can I stay updated about USA Compression Partners LP's latest news?
You can stay updated by following the latest news and announcements on the company's website or reliable financial news platforms.
Is USA Compression Partners LP a publicly traded company?
Yes, USA Compression Partners LP is publicly traded under the symbol USAC.
What is the core focus of USA Compression Partners LP?
The core focus of USA Compression Partners LP is to provide compression services for natural gas and crude oil infrastructure.
Who are the customers of USA Compression Partners LP?
The company's customers include those involved in natural gas processing and transportation, as well as crude oil production enhancement.
What regions does USA Compression Partners LP serve?
The company serves various regions across the U.S., focusing on major shale plays like the Utica, Marcellus, Permian Basin, Delaware Basin, and Eagle Ford.
USA COMPRESSION PARTNERS LP
NYSE:USAC
USAC Rankings
USAC Stock Data
2.61B
70.12M
39.91%
38.86%
1.73%
Oil & Gas Equipment & Services
Natural Gas Transmission
United States of America
AUSTIN