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) 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.
Energy Transfer has entered a significant 25-year LNG Sale and Purchase Agreement with China Gas, marking the latter's first long-term LNG contract. This deal involves supplying 0.7 million tonnes of LNG annually, starting in 2026, with prices linked to the Henry Hub benchmark. This agreement increases Energy Transfer's contracted LNG from the Lake Charles LNG facility to nearly 6 million tonnes per annum. The project has secured all necessary construction permits and aims to achieve a Final Investment Decision (FID) later this year.
USA Compression Partners, LP (NYSE: USAC) announced its participation in the Energy Infrastructure Council Investor Conference, set for May 16 and 17 in West Palm Beach, Florida. The senior management team will engage in meetings with the investment community, and presentation materials will be made available on the company's website before the event. As a leading provider of natural gas compression services, USA Compression focuses on high-volume applications across various sectors, catering to a diverse clientele that includes producers and transporters of natural gas and crude oil.
Energy Transfer LP (NYSE:ET) reported net income of $1.27 billion for Q1 2022, translating to $0.38 per limited partner unit. Adjusted EBITDA fell to $3.34 billion from $5.04 billion in Q1 2021, primarily due to the impact of Winter Storm Uri. Distributable Cash Flow decreased to $2.08 billion from $3.91 billion. The partnership saw increased transportation volumes and continued investment in infrastructure projects, including the new Grey Wolf processing plant and Gulf Run Pipeline. A 30% increase in quarterly distributions to $0.20 per unit was announced, with future increases under consideration.
Energy Transfer LP has signed a long-term Sale and Purchase Agreement with SK Gas Trading LLC to supply 0.4 million tonnes per annum of LNG from its Lake Charles LNG export facility for 18 years. The deal, with deliveries starting in 2026, is tied to the Henry Hub benchmark price plus a fixed liquefaction charge. This agreement brings Energy Transfer's total LNG contracts from the Lake Charles facility to 5.1 mtpa, highlighting increased international interest in U.S. LNG exports.
USA Compression Partners reported first-quarter 2022 revenues of $163.4 million, up from $157.5 million YoY. Net income rose to $3.3 million, compared to $0.4 million in Q1 2021. Operating cash flow was $35.1 million, down from $39.6 million YoY. Adjusted EBITDA decreased slightly to $98.4 million. The company confirmed a cash distribution of $0.525 per common unit. Active horsepower increased by 28,000, with utilization rising to 86.1%. The partnership expects further fleet utilization increases and the successful deployment of Dual Drive technology, enhancing service and reducing emissions.
Energy Transfer LP (NYSE: ET) has signed a 20-year LNG Sale and Purchase Agreement with Gunvor Singapore Pte Ltd, under which it will supply 2 million tonnes of LNG annually from its Lake Charles LNG facility. The pricing is tied to the Henry Hub benchmark plus a fixed liquefaction charge, with deliveries beginning as soon as 2026, contingent upon final investment decisions. This partnership aligns with Gunvor's strategy for securing low-cost resources, while Energy Transfer aims to enhance its operational progress towards finalizing investments.
Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution of $0.20 per common unit for Q1 2022, a 30% increase compared to Q1 2021. This amounts to $0.80 annually, with payment scheduled for May 19, 2022. The company aims to adjust future distributions quarterly, targeting a return to $0.305 quarterly, while maintaining a leverage ratio between 4.0x-4.5x debt-to-EBITDA. Earnings will be released on May 4, 2022, followed by a conference call at 3:30 p.m. CT.
Energy Transfer LP (NYSE: ET) has announced its quarterly cash distributions for preferred units, effective May 16, 2022. Unitholders will receive $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E, payable to those on record as of May 2, 2022. The company operates a diversified energy asset portfolio across North America, including midstream natural gas and crude oil transportation. ET also holds significant stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).