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, 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.
USA Compression Partners, LP (NYSE: USAC) has declared a cash distribution of $0.525 per common unit for Q2 2021, which annualizes to $2.10. This distribution is scheduled for payment on August 6, 2021, to unitholders of record as of July 26, 2021. Additionally, the company plans to release its Q2 2021 earnings on August 3, before the U.S. market opens, followed by a conference call at 11 a.m. ET to discuss results.
USA Compression Partners, LP (NYSE: USAC) will participate in the J.P. Morgan 2021 Energy, Power & Renewables Conference on June 23. Senior management plans to engage in a series of virtual meetings with investors, with presentation materials available on their website before the meetings. USA Compression is a leading independent provider of natural gas compression services, focusing on infrastructure applications for natural gas and crude oil. For more details, visit usacompression.com.
USA Compression Partners, LP (NYSE: USAC) announced participation in the 2021 Energy Infrastructure Council Investor Conference. On May 20, senior management will engage in virtual meetings with the investment community. Presentation materials will be accessible on their website before the meetings. USA Compression is a leading provider of natural gas compression services, focusing on high-volume infrastructure applications, including gathering systems and processing facilities.
USA Compression Partners reported first-quarter 2021 results with total revenues of $157.5 million, down from $179.0 million in Q1 2020. Net income improved to $0.4 million, contrasting a significant net loss of $602.5 million in the prior year. Adjusted EBITDA was $99.6 million, showing a decrease from $106.2 million year-over-year. Distributable Cash Flow stood at $52.6 million, slightly lower than $54.7 million in Q1 2020. A cash distribution of $0.525 per common unit was announced, reflecting stable financial management amidst industry uncertainties.