Usa Compression Partners Lp Stock Price, News & Analysis

USA Compression Partners (NYSE: USAC) has announced its participation in the Citi One-on-One Midstream & New Energy Infrastructure Conference in Las Vegas. The company's senior management will engage in meetings with the investment community on August 13. Presentation materials for these meetings will be available on USA Compression's website prior to the event.

USA Compression Partners is a leading independent provider of natural gas compression services in the United States. The company collaborates with a diverse customer base, including producers, processors, gatherers, and transporters of natural gas and crude oil. Their focus is on delivering midstream natural gas compression services for infrastructure applications, primarily in high-volume gathering systems, processing facilities, and transportation applications.

Energy Transfer LP (NYSE:ET) reported strong financial results for Q2 2024, with net income attributable to partners of $1.31 billion and adjusted EBITDA of $3.76 billion, up from $3.12 billion in Q2 2023. The company achieved record-breaking volumes across several segments, including crude oil transportation (up 23%), NGL exports, and NGL transportation. Energy Transfer completed the acquisition of WTG Midstream, adding 6,000 miles of gas gathering pipelines and eight processing plants. The company raised its full-year 2024 Adjusted EBITDA guidance to $15.3-$15.5 billion and increased its quarterly cash distribution to $0.32 per common unit. Energy Transfer also received credit rating upgrades from Moody's, Fitch, and S&P, reflecting improved financial performance.

USA Compression Partners (NYSE: USAC) reported record financial results for Q2 2024, with total revenues of $235.3 million, up from $206.9 million in Q2 2023. Net income increased to $31.2 million from $23.6 million year-over-year. The company achieved record average revenue-generating horsepower of 3.52 million and record average revenue per revenue-generating horsepower per month of $20.29.

USAC raised its 2024 outlook, increasing net income guidance to $105-$125 million, Adjusted EBITDA to $565-$585 million, and Distributable Cash Flow to $345-$365 million. The company plans to increase expansion capital expenditures to $195-$205 million in 2024, up from the original $115-$125 million plan, due to delayed unit deliveries and opportunistic acquisitions.

Energy Transfer LP (NYSE: ET) has announced a 3.2% increase in its quarterly cash distribution to $0.32 per common unit ($1.28 annualized) for Q2 2024. The distribution will be paid on August 19, 2024 to unitholders of record as of August 9, 2024. Energy Transfer plans to release Q2 2024 earnings on August 7, 2024, after market close, followed by a conference call at 3:30 p.m. CT/4:30 p.m. ET.

Energy Transfer operates a diverse portfolio of energy assets in the U.S., including over 130,000 miles of pipeline across 44 states. The company's strategic network spans major U.S. production basins, with operations in natural gas midstream, transportation, storage, crude oil, NGL, and refined product assets.

Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI). The distribution will be paid on August 14, 2024 to Series I unitholders of record as of the close of business on August 2, 2024.

Energy Transfer LP is a major player in the U.S. energy sector, operating over 130,000 miles of pipeline and associated infrastructure across 44 states. The company's diverse portfolio includes natural gas midstream, transportation and storage assets, as well as crude oil, NGL, and refined product facilities. ET also holds significant stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).

Energy Transfer LP (NYSE: ET) and Sunoco LP (NYSE: SUN) have announced a strategic joint venture combining their crude oil and produced water gathering assets in the Permian Basin. The joint venture, effective July 1, 2024, will be operated by Energy Transfer with a 67.5% interest, while Sunoco will hold a 32.5% interest.

The venture will operate over 5,000 miles of pipelines with crude oil storage capacity exceeding 11 million barrels. Energy Transfer's long-haul crude pipeline network is excluded from the deal. The formation is expected to be immediately accretive to distributable cash flow per LP unit for both companies.

Energy Transfer LP (NYSE: ET) and Sunoco LP (NYSE: SUN) have announced a strategic joint venture in the Permian Basin, combining their crude oil and produced water gathering assets. The venture, effective July 1, 2024, will be operated by Energy Transfer, holding a 67.5% interest, while Sunoco will hold 32.5%. The joint venture will manage over 5,000 miles of pipelines and 11 million barrels of crude oil storage capacity.

This collaboration is expected to be immediately accretive to distributable cash flow per LP unit for both companies. Energy Transfer's long-haul crude pipeline network is excluded from the joint venture. The deal was facilitated by financial advisors Intrepid Partners, and Guggenheim Securities, , with legal counsel provided by several firms.

Energy Transfer LP (NYSE: ET) has completed its acquisition of WTG Midstream Holdings for $2,275 million in cash and approximately 50.8 million newly issued ET common units. The acquisition expands Energy Transfer's Permian Basin pipeline and processing network, adding about 6,000 miles of gas gathering pipelines in the Midland Basin. The deal includes eight gas processing plants with a 1.3 Bcf/d capacity and two plants under construction. This transaction is expected to provide Energy Transfer with growing NGL and natural gas volumes, increasing revenue from gathering, processing, transportation, and fractionation activities. The company projects the WTG assets to contribute $0.04 of Distributable Cash Flow (DCF) per common unit in 2025, rising to $0.07 per common unit in 2027.

USA Compression Partners (NYSE: USAC) announced a cash distribution of $0.525 per common unit for Q2 2024, equivalent to $2.10 annually. The distribution will be paid on August 2, 2024, to unitholders of record as of July 22, 2024.

Additionally, the company will release its Q2 2024 earnings results on August 6, 2024, before U.S. markets open. An investor conference call will follow at 11 a.m. ET to discuss financial and operational performance. The call will be accessible via webcast on USA Compression's Investor Relations website or by phone.