Usa Compression Partners Lp Stock Price, News & Analysis

Energy Transfer LP (NYSE: ET) will report its third-quarter 2022 earnings on Tuesday, November 1, 2022, after market close. A conference call for discussing the results is scheduled for the same day at 3:30 p.m. CT/4:30 p.m. ET, which will be accessible via their website. Energy Transfer operates a diverse portfolio of energy assets across North America, including natural gas midstream and crude oil transportation. The firm also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).

USA Compression Partners, LP (NYSE: USAC) has made its 2021 Schedule K-3 available online for unitholders needing international tax information. This schedule is essential for foreign unitholders and others requiring detailed reporting for tax credit considerations. Unitholders can access the document at taxpackagesupport.com/usac or request an electronic copy by calling Tax Package Support at 855-521-8151. USA Compression Partners is a leading provider of natural gas compression services across the U.S.

Energy Transfer LP (NYSE: ET) announced the availability of its 2021 Schedule K-3, detailing international tax items. The Schedule K-3 for Enable Midstream Partners, which merged with ET on December 2, 2021, is also available. Unitholders, particularly foreign ones or those needing tax credits, can access the document online at www.energytransfer.com. Energy Transfer will not be mailing copies to investors. For electronic copies, unitholders can contact Tax Package Support.

Energy Transfer LP (NYSE: ET) announced a 20-year LNG Sale and Purchase Agreement with Shell NA LNG LLC for its Lake Charles LNG project, supplying 2.1 million tonnes of LNG per annum, starting in 2026. This agreement is part of a broader strategy, increasing total contracted LNG from the facility to nearly 8 million tonnes per annum. The project, which utilizes an existing regasification facility, has received all necessary permits and demonstrates Energy Transfer's commitment to meet global LNG demand.

Energy Transfer LP (NYSE: ET) has successfully completed the sale of its 51% interest in Energy Transfer Canada ULC to a joint venture involving Pembina Pipeline Corporation and KKR-managed global infrastructure funds. This transaction aims to enhance Energy Transfer's balance sheet by promoting deleveraging and redeploying capital within its U.S. operations, which feature a diverse portfolio of energy assets.

USA Compression Partners, LP (NYSE: USAC) has announced its participation in the Citi One-on-One Midstream/Energy Infrastructure Conference scheduled for August 16 in Las Vegas, Nevada. Senior management will engage in a series of meetings with investors, and presentation materials will be accessible on usacompression.com prior to the event. USA Compression is a leading provider of natural gas compression services, focusing on high-volume applications across the country.

USA Compression Partners, LP (NYSE: USAC) has appointed Michael C. Pearl as the new Chief Financial Officer. Pearl brings extensive experience from his prior role at Western Midstream Partners and has held finance positions at Anadarko Petroleum. CEO Eric D. Long praised Pearl's strategic insight and strong track record in public company financial leadership. The announcement follows the resignation of former CFO Matthew C. Liuzzi, who contributed to the company's growth over nine years. This leadership change aims to advance the company's growth strategy in natural gas compression services.

CapturePoint Solutions LLC, a subsidiary of CapturePoint, has partnered with Energy Transfer (NYSE: ET) to explore CO₂ capture from Haynesville Shale natural gas facilities for sequestration in the Central Louisiana Regional Carbon Storage Hub. This initiative aims to establish one of the largest carbon storage centers in the U.S., with capacity to store millions of tons of CO₂ annually. A feasibility study is planned for 2022 to assess commercial viability, potentially leading to a groundbreaking joint venture.

Energy Transfer LP (NYSE:ET) reported robust financial results for Q2 2022, showing a net income of $1.33 billion, a $700 million increase year-over-year. Adjusted EBITDA rose to $3.23 billion, up from $2.62 billion in Q2 2021. The company also announced a quarterly cash distribution of $0.23 per unit, reflecting a 50% increase from the previous year. With ongoing construction of new facilities and strong demand in the Permian Basin, Energy Transfer expects full-year Adjusted EBITDA between $12.6 billion and $12.8 billion.