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.
Energy Transfer LP (NYSE:ET) reported a net income of $635 million for Q3 2021, a decline of $1.29 billion year-over-year. Adjusted EBITDA stood at $2.58 billion, down from $2.87 billion in Q3 2020, influenced by non-recurring gains in the previous year. Distributable Cash Flow was $1.31 billion, reflecting a decrease from $1.69 billion in the same quarter last year. Despite operational achievements, including record NGL volumes and new solar agreements, the partnership reduced debt by $800 million. A quarterly distribution of $0.1525 per unit was announced for Q3 2021.
USA Compression reported third quarter 2021 revenues of $158.6 million, down from $161.7 million year-over-year. Net income was $4.1 million, declining from $6.5 million in Q3 2020. Adjusted EBITDA reached $99.6 million, down from $103.9 million. The company maintained a cash distribution of $0.525 per common unit, consistent with the prior year. Despite lower revenues and net income, management noted improved customer activity and pricing. The partnership remains optimistic about the natural gas sector's growth amid tight supply and demand dynamics.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of $0.1525 per common unit for Q3 2021, consistent with Q2 distributions, effective November 19, 2021, for unitholders of record by November 5, 2021. The company will release its Q3 earnings on November 3, 2021, accompanied by a conference call at 3:30 p.m. CT. Energy Transfer operates a diversified energy asset portfolio in the U.S., including interests in Sunoco LP (NYSE: SUN) and USA Compression Partners (NYSE: USAC).
Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for Series C, D, and E Preferred Units, amounting to $0.4609375, $0.4765625, and $0.4750000 respectively. Payments are scheduled for November 15, 2021, to unitholders on record as of November 1, 2021. This follows the merger on April 1, 2021, where Energy Transfer Operating, L.P. merged into ET. Energy Transfer holds a significant energy asset portfolio across the United States, including interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
USA Compression Partners, LP (NYSE: USAC) has declared a cash distribution of $0.525 per common unit for Q3 2021, amounting to $2.10 annually. This distribution is set for payment on November 5, 2021, to unitholders of record by October 25, 2021. The company will also report its Q3 results on November 2, 2021, followed by an earnings call at 11 a.m. ET. USA Compression is a leading provider in natural gas compression services, focusing on high-volume applications.
Energy Transfer LP (NYSE: ET) plans to release its third quarter 2021 earnings on November 3, 2021, after market close. A conference call will be held the same day at 3:30 PM CT to discuss results and provide updates, accessible via energytransfer.com. The company operates a diversified portfolio of energy assets across major U.S. production basins, including operations in natural gas midstream and crude oil transportation. Energy Transfer also has significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners LP (NYSE: USAC).
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Energy Transfer (NYSE: ET) has signed a 15-year Power Purchase Agreement (PPA) with SB Energy for 120 megawatts from the Eiffel Solar project in Texas. This agreement supports Energy Transfer's commitment to renewable energy and complements its first agreement with the Maplewood 2 solar farm. SB Energy plans to commence construction on the Eiffel Solar project in 2022, with energy delivery starting in January 2024. The initiative aligns with the growing demand for clean energy solutions in Texas.
USA Compression Partners, LP (NYSE: USAC) announced that senior management will participate in the Citi One-on-One Midstream / Energy Infrastructure Conference on August 19. The team will engage in virtual meetings with investors, and presentation materials will be available on their website beforehand. USA Compression is one of the largest independent providers of natural gas compression services in the U.S., focusing on high-volume gathering and processing systems. For more details, visit usacompression.com.
USA Compression Partners announced its second quarter 2021 results with total revenues of $156.6 million, down from $168.7 million in Q2 2020. Net income remained stable at $2.7 million. Adjusted EBITDA decreased to $100.0 million from $105.5 million year-over-year. Distributable Cash Flow also fell to $52.5 million, down from $58.7 million. The partnership announced a cash distribution of $0.525 per unit. Looking ahead, the company maintains a positive outlook for the natural gas sector despite some demand pressure due to COVID-19.