USA Compression Partners Announces Second-Quarter 2024 Distribution; Second-Quarter 2024 Earnings Release and Conference Call Scheduled for August 6

Rhea-AI Summary

USA Compression Partners (NYSE: USAC) announced a cash distribution of $0.525 per common unit for Q2 2024, equivalent to $2.10 annually. The distribution will be paid on August 2, 2024, to unitholders of record as of July 22, 2024.

Additionally, the company will release its Q2 2024 earnings results on August 6, 2024, before U.S. markets open. An investor conference call will follow at 11 a.m. ET to discuss financial and operational performance. The call will be accessible via webcast on USA Compression's Investor Relations website or by phone.

Positive

• Announced cash distribution of $0.525 per common unit, equating to $2.10 annually.
• Earnings release scheduled before U.S. markets open on August 6, 2024.

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 second quarter of 2024. The distribution will be paid on August 2, 2024 to unitholders of record as of the close of business on July 22, 2024.

Second-Quarter 2024 Earnings Conference Call

In addition, USA Compression will release its second-quarter 2024 results prior to the opening of U.S. financial markets on Tuesday, August 6. 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 via the “Events” page of 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 or conference ID 8970064.

ABOUT USA COMPRESSION PARTNERS, LP

USA Compression Partners, LP 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 midstream 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.

QUALIFIED NOTICE

This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (100%) of USA Compression’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of USA Compression’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not USA Compression, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240711171331/en/

USA Compression Partners, LP

Investor Relations

ir@usacompression.com

Source: USA Compression Partners, LP

FAQ

What is the cash distribution announced by USA Compression Partners for Q2 2024?

USA Compression Partners announced a cash distribution of $0.525 per common unit for Q2 2024.

When will USA Compression Partners pay the announced distribution for Q2 2024?

The distribution will be paid on August 2, 2024, to unitholders of record as of July 22, 2024.

When will USA Compression Partners release its Q2 2024 earnings?

USA Compression Partners will release its Q2 2024 earnings on August 6, 2024, before the U.S. markets open.

How can investors participate in the USA Compression Partners Q2 2024 earnings call?

Investors can participate via audio webcast on the USA Compression Investor Relations website or by dialing (888) 440-5655 and asking for the USA Compression Partners Earnings Call or conference ID 8970064.

What is the annualized distribution announced by USA Compression Partners for Q2 2024?

The annualized distribution announced for Q2 2024 is $2.10 per common unit.