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) announced its participation in the Wells Fargo Midstream, Utility & Renewables Symposium on December 8. Senior management will engage in virtual meetings with investors, and presentation materials will be available on their website before the event. USA Compression is a leading provider of natural gas compression services, focusing on infrastructure applications in high-volume gathering systems and processing facilities. More details can be found in the Investor Relations section at usacompression.com.
USA Compression Partners (NYSE: USAC) announced its senior management will attend the RBC Capital Markets Midstream and Energy Infrastructure Conference on November 16. They will engage in meetings with the investment community, and presentation materials will be available on usacompression.com before the event. USA Compression is a leading provider of natural gas compression services, focusing on high-volume gathering systems and infrastructure applications.
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.