Usa Compression Partners Lp Stock Price, News & Analysis

USA Compression Partners (NYSE: USAC) has announced its senior management's participation in two upcoming investor conferences in New York. The events include the Mizuho Power, Energy & Infrastructure Conference on December 9 and the Wells Fargo Midstream, Energy & Utilities Symposium on December 10.

The company, one of the nation's largest independent natural gas compression service providers, will make its presentation materials available on its website's Investor Relations section prior to the meetings. USA Compression Partners serves a broad customer base including producers, processors, gatherers, and transporters of natural gas and crude oil, focusing primarily on midstream natural gas compression services for infrastructure applications.

Energy Transfer (NYSE:ET) reported strong Q3 2024 results with net income of $1.18 billion ($0.33 per unit) and Adjusted EBITDA of $3.96 billion, up from $3.54 billion in Q3 2023. The company achieved record volumes across multiple segments: crude oil transportation (+25%), crude oil exports (+49%), midstream gathered volumes (+6%), and NGL fractionation (+12%). Growth capital expenditures were $724 million, while maintenance capital expenditures were $359 million. The company completed strategic acquisitions including WTG Midstream and announced a $0.3225 per unit quarterly distribution.

USA Compression Partners (NYSE: USAC) reported record third-quarter 2024 results with total revenues of $240.0 million, up from $217.1 million in Q3 2023. Net income was $19.3 million, slightly down from $20.9 million year-over-year. The company achieved record average revenue-generating horsepower of 3.56 million and record average revenue per horsepower of $20.60. Adjusted EBITDA increased to $145.7 million from $130.2 million in Q3 2023. The company confirmed its 2024 outlook and increased expansion capital expenditures to between $240.0-250.0 million.

USA Compression Partners (NYSE: USAC) has announced the appointment of Christopher M. Paulsen as its new Chief Financial Officer, effective November 18, 2024. Paulsen brings over 20 years of energy industry experience, most recently serving as Senior Vice President of Business Development and Strategy at Pioneer Natural Resources. He holds a BBA from Baylor University and an MBA from the University of Texas McCombs School of Business. Paulsen serves on the boards of Ralph Lowe Energy Institute at Texas Christian University and Maguire Energy Institute at Southern Methodist University.

Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3225 per common unit ($1.29 annualized) for Q3 2024, representing a 3.2% increase compared to Q3 2023. The distribution will be paid on November 19, 2024, to unitholders of record as of November 8, 2024. The company will release Q3 2024 earnings on November 6, 2024, after market close, followed by a conference call at 3:30 p.m. Central Time. Energy Transfer operates one of the largest energy asset portfolios in the US, with over 130,000 miles of pipeline across 44 states.

Energy Transfer LP (ET) has declared a quarterly cash distribution of $0.2111 per Series I Preferred Unit. The distribution will be paid on November 14, 2024, to Series I unitholders of record as of November 4, 2024. The company operates one of America's largest energy asset portfolios, including 130,000 miles of pipeline across 44 states. ET owns significant stakes in Sunoco LP (21%) and USA Compression Partners (39%), along with extensive infrastructure for natural gas, crude oil, and NGL operations.

USA Compression Partners (NYSE: USAC) has announced its third-quarter 2024 distribution and earnings release schedule. The company will distribute $0.525 per common unit ($2.10 annualized) on November 1, 2024, to unitholders of record as of October 21, 2024. USAC will release its Q3 2024 results on November 5, before U.S. markets open, followed by an investor conference call at 11 a.m. Eastern Time (10 a.m. Central Time).

Investors can participate in the earnings call via audio webcast or by phone for those in the U.S. or Canada. The webcast will be accessible through the 'Events' page of USAC's Investor Relations website. Phone participants should dial (888) 440-5655 and use the conference ID 8970064. A replay of the call will be available on the company's website shortly after the event.

Energy Transfer LP (NYSE: ET) has announced its plans to release third quarter 2024 earnings on Wednesday, November 6, 2024, after market close. The company will host a conference call the same day at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The call will be broadcast live via webcast on Energy Transfer's website and will be available for replay for a time.

Energy Transfer LP operates one of the largest and most diverse portfolios of energy assets in the United States, with over 130,000 miles of pipeline and associated infrastructure across 44 states. The company's strategic network covers all major U.S. production basins, offering a range of services including natural gas midstream, transportation and storage, as well as crude oil, NGL, and refined product transportation and terminalling.

USA Compression Partners, LP (NYSE: USAC) announced the retirement of Eric D. Long, President, CEO, and co-founder, effective October 2, 2024. Long will remain in a transitory role until December 31, 2024. Micah "Clint" Green, currently Senior VP at Energy Transfer LP, will succeed Long as President and CEO starting October 3, 2024.

Long co-founded USAC in 1998 and has over 40 years of industry experience. Green brings more than 25 years of experience, having held leadership positions at Energy Transfer since 2015. Tom Long, co-CEO of Energy Transfer and USAC Board Chairman, expressed gratitude for Eric Long's leadership and confidence in Green's ability to lead USAC's continued growth.

USA Compression Partners is one of the largest independent providers of natural gas compression services in the U.S., focusing on midstream applications in high-volume gathering systems, processing facilities, and transportation.