Usa Compression Partners Lp Stock Price, News & Analysis

Energy Transfer LP (NYSE: ET) announced that its subsidiary, Gulf Run Transmission LLC, has received FERC approval to launch the Gulf Run pipeline. This 135-mile pipeline will transport natural gas from U.S. producing regions to the Gulf Coast, with a capacity of 1.65 Bcf/day. The pipeline connects key natural gas basins, including Haynesville and Permian, enhancing Energy Transfer's extensive pipeline network across 41 states. This move aims to meet increasing domestic and international demand for natural gas.

USA Compression Partners, LP (NYSE: USAC) will be included in the Alerian MLP Index and the Alerian MLP Equal Weight Index after trading on December 16. This inclusion reflects the company's role in the midstream energy sector, specifically in natural gas compression. USA Compression ranks as one of the largest independent providers of these services, catering to a wide customer base across natural gas and crude oil sectors. The Alerian Index Series is a critical tool for investment professionals to evaluate performance in this sector.

Energy Transfer LP (NYSE: ET) announced the pricing of its $1.0 billion senior notes due 2028 at 5.550% and $1.5 billion senior notes due 2033 at 5.750%. The public offering prices are set at 99.974% and 99.891% of their face value, respectively, with settlement expected on December 14, 2022. The net proceeds of approximately $2.482 billion will be utilized for repaying outstanding debts and general partnership purposes. This offering is made under an effective shelf registration statement filed with the SEC.

USA Compression Partners (NYSE: USAC) will attend the Wells Fargo Midstream and Utilities Symposium in New York on December 7. Senior management plans to engage with investment community members and will share presentation materials on usacompression.com prior to the event. The company is a leading independent provider of natural gas compression services, emphasizing high-volume gathering systems and transportation applications. More details can be found in the Investor Relations section of their website.

USA Compression Partners, LP (NYSE: USAC) announced its attendance at the RBC Midstream and Energy Infrastructure Conference in Dallas, Texas, on November 17. Senior management will engage in meetings with the investment community, with presentation materials being available on the company's website on November 16. As one of the largest independent providers of natural gas compression services, USA Compression focuses on high-volume natural gas infrastructure applications. More details can be found on usacompression.com.

Energy Transfer LP (NYSE: ET) reported a strong financial performance for Q3 2022, with net income attributable to partners of $1.01 billion, up $371 million year-over-year. Adjusted EBITDA increased to $3.09 billion from $2.58 billion. Notably, despite a $126 million legal charge in crude oil services and a $130 million negative adjustment in NGL, the Partnership's Distributable Cash Flow rose to $1.58 billion. Volumes across all core segments increased, reaching record highs in natural gas transportation. The company expects full-year Adjusted EBITDA between $12.8 billion and $13.0 billion.

USA Compression Partners reported robust financial results for third-quarter 2022, achieving $179.6 million in revenues, up from $158.6 million a year earlier. Net income rose to $9.6 million, doubling from $4.1 million in Q3 2021. Notable improvements included an adjusted EBITDA of $109.2 million and distributable cash flow of $55.2 million. The company announced a steady cash distribution of $0.525 per common unit while maintaining a distributable cash flow coverage of 1.07x. Future expansion includes acquiring 66 new compression units to meet increasing demand.

Energy Transfer LP (NYSE: ET) reported a quarterly cash distribution of $0.265 per common unit for Q3 2022, equating to an annualized rate of $1.06. This marks a 70% increase from Q3 2021 and a 15% increase from Q2 2022. The distribution will be paid on November 21, 2022 to unitholders of record by November 4, 2022. The company aims to eventually return to a distribution level of $0.305 per quarter while maintaining a leverage ratio of 4.0x-4.5x debt-to-EBITDA.

Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for its preferred units. Holders of Series C Preferred Units will receive $0.4609375, Series D will get $0.4765625, and Series E will be paid $0.4750000. These distributions are scheduled for November 15, 2022, to unitholders of record by November 1, 2022. The company maintains a diverse portfolio of energy assets across North America, focusing on natural gas and crude oil transportation, storage, and fractionation.