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 a net loss of $1.5 million for Q4 2020, compared to a net income of $9.3 million in Q4 2019. Total revenues decreased to $158.4 million from $178.2 million year-over-year. Adjusted EBITDA was $98.3 million, down from $109.2 million in the previous year. However, net cash provided by operating activities improved to $97.5 million. The quarterly cash distribution remained steady at $0.525 per common unit. The company anticipates a net income range of $0.0 million to $20.0 million for 2021.
USA Compression Partners announced a cash distribution of $0.525 per common unit for Q4 2020, equating to $2.10 annually. Payments are scheduled for February 5, 2021, to unitholders on record as of January 25, 2021. The company will release its Q4 2020 results on February 16, 2021, followed by an investor conference call at 11 a.m. ET. This call will be accessible via phone and web. USA Compression is a leading provider of natural gas compression services, focusing on high-volume applications.
USA Compression Partners, LP (NYSE: USAC) will participate in the 2021 UBS Winter Infrastructure & Energy Virtual Conference on January 12. Senior management will engage in a series of virtual meetings with the investment community. Presentation materials will be available on the company’s website before the meetings. USA Compression is a leading independent provider of natural gas compression services, focusing on high-volume gathering systems and processing facilities.
USA Compression Partners, LP (NYSE: USAC) announced participation in the 2020 Wells Fargo Virtual Midstream and Utility Symposium on December 9. Senior management will hold a series of virtual meetings with investors, and presentation materials will be available on the company's website before the meetings. USA Compression is known for being one of the largest independent providers of natural gas compression services in the U.S., focusing on infrastructure applications in high-volume gathering systems, processing facilities, and transportation.
USA Compression Partners, LP (NYSE: USAC) announced its participation in the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference. Management will engage in virtual meetings with investors on November 18 and 19, with presentation materials to be available on the company's website before the meetings. USA Compression is recognized as one of the largest independent providers of natural gas compression services, offering solutions for high-volume gathering systems and processing facilities. For more details, visit usacompression.com.
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.