Welcome to our dedicated page for Usa Compression Partners Lp news (Ticker: USAC), a resource for investors and traders seeking the latest updates and insights on Usa Compression Partners Lp stock.
USA Compression Partners LP reports developments tied to its natural gas compression services business, which serves producers, processors, gatherers, and transporters of natural gas and crude oil in U.S. energy infrastructure markets. Company news commonly covers quarterly operating results, revenue-generating horsepower, fleet utilization, customer demand, and the economics of compression services used in gathering systems, processing facilities, transportation applications, and artificial lift.
Updates also include cash distributions on common units, Schedule K-1 tax package availability, annual report filings, and completed acquisition activity that expands the partnership's compression fleet and regional operating footprint. News involving Energy Transfer may also reference its general partner interests and ownership position in USA Compression.
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.
USA Compression Partners (NYSE: USAC) announced a cash distribution of $0.525 per common unit for Q3 2022, translating to $2.10 annually. The payment will occur on November 4, 2022, to unitholders recorded by October 24, 2022. Additionally, the company will release its Q3 2022 results on November 1, followed by a conference call at 11 a.m. ET to discuss the financial outcome.
USA Compression is a leading provider of natural gas compression services in the U.S., focusing on infrastructure applications and ensuring stable service to its broad customer base.
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.