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USA Compression Partners Announces Fourth-Quarter 2022 Distribution; Fourth-Quarter 2022 Earnings Release and Conference Call Scheduled for February 14
USA Compression Partners announced a cash distribution of $0.525 per common unit for Q4 2022, totaling $2.10 annually. This marks the 40th consecutive distribution since its IPO in 2013. The payment will be made on February 3, 2023, to unitholders on record as of January 23, 2023. Additionally, the company will release Q4 2022 results on February 14, 2023, followed by a conference call at 11 a.m. ET to discuss financial outcomes.
Positive
Announced a cash distribution of $0.525 per common unit for Q4 2022.
40 consecutive distributions since IPO in 2013.
Negative
None.
AUSTIN, Texas--(BUSINESS WIRE)--
USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the fourth-quarter of 2022. The distribution will be USA Compression's 40th consecutive distribution since its initial public offering in 2013, and will be paid on February 3, 2023 to unitholders of record as of the close of business on January 23, 2023.
Fourth-Quarter 2022 Earnings Conference Call
In addition, USA Compression will release its fourth-quarter 2022 results prior to the opening of U.S. financial markets on Tuesday, February 14. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate by audio webcast, or if located in the U.S. or Canada, by phone. A replay will be available shortly after the call on USA Compression’s Investor Relations website.
By Webcast:
Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at https://investors.usacompression.com. Please log in at least 10 minutes in advance to register and download any necessary software.
By Phone:
Dial (888) 440-5655 at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call.
ABOUT USA COMPRESSION PARTNERS, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers, and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities, and transportation applications. More information is available at usacompression.com.
NON-U.S. WITHHOLDING INFORMATION
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
FORWARD-LOOKING STATEMENTS
Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
