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) reported financial results for Q3 2020, showing total revenues of $161.7 million, down from $175.8 million in Q3 2019. Net income also declined to $6.5 million from $13.3 million year-over-year. Adjusted EBITDA remained relatively stable at $103.9 million. The Partnership announced a cash distribution of $0.525 per common unit, steady with the prior year. Despite decreased revenues, the company expects improved business activity and pricing due to a resilient natural gas market as it enters 2021, maintaining compliance with its debt covenants.
USA Compression Partners announced a cash distribution of $0.525 per common unit for Q3 2020, amounting to an annualized rate of $2.10. The payment will be made on November 6, 2020, to unitholders recorded by October 26, 2020. The company will release its Q3 earnings on November 3, 2020, before the market opens, followed by a conference call at 11 a.m. ET. The call will be accessible via phone or webcast. Detailed information is provided for participation in the call and accessing the replay.