Usa Compression Partners Lp Stock Price, News & Analysis

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.

USA Compression Partners announced its Q2 2022 financial results, reporting total revenues of $171.5 million, up from $156.6 million in Q2 2021. Net income was $9.1 million, contrasting sharply with $2.7 million a year prior. Adjusted EBITDA rose to $105.4 million, and Distributable Cash Flow increased to $55.6 million, indicating a robust operational performance. The partnership also declared a cash distribution of $0.525 per common unit, consistent year-over-year. Active horsepower utilization reached 88.4%, reflecting heightened demand in the energy sector amid strong commodity prices.

USA Compression Partners (NYSE: USAC) and Callon Petroleum (NYSE: CPE) have initiated the start-up of several Dual Drive compressors in the Eagle Ford Shale. This innovative compression service allows operators to use either natural gas or electricity, significantly reducing greenhouse gas emissions. USA Compression is the sole provider of this technology, aiming to enhance operational reliability and reduce costs. The Dual Drive system combines gas and electric engines to optimize fuel use and emissions, contributing to sustainability goals.

Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of $0.23 per common unit for Q2 2022, equating to $0.92 annually. This represents a more than 50% increase compared to Q2 2021 and a 15% increase compared to Q1 2022. The distribution payment is scheduled for August 19, 2022, to unitholders recorded by August 8, 2022. Energy Transfer aims to return distributions to a previous level of $0.305 per unit while maintaining a debt-to-EBITDA leverage target of 4.0x-4.5x.

Energy Transfer LP (ET) has announced its quarterly cash distributions for Series C, D, and E Preferred Units. The payments are $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E. These distributions will be paid on August 15, 2022 to unitholders of record as of August 1, 2022. Energy Transfer operates a diverse portfolio of energy assets across North America, including crucial midstream transportation and storage operations. The company is also connected to Sunoco LP (SUN) and USA Compression Partners (USAC).

USA Compression Partners (NYSE: USAC) announced a cash distribution of $0.525 per common unit for Q2 2022, equating to an annualized $2.10. This distribution will be paid on August 5, 2022, to unitholders on record as of July 25, 2022. Additionally, the company will release its Q2 2022 results before the U.S. market opens on August 2, 2022, followed by a conference call at 11 a.m. ET to discuss results. A replay will be available until August 12, 2022.

Energy Transfer LP (NYSE: ET) will announce its second-quarter earnings on August 3, 2022, after market close. A conference call will follow at 3:30 p.m. CT to discuss results and provide updates. Energy Transfer operates a large, diversified energy asset portfolio across major U.S. production basins, including natural gas and crude oil transportation and storage. The company also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Further details and the webcast can be accessed on energytransfer.com.