USA Compression Partners, LP, together with its subsidiaries, provides compression services under fixed-term contracts to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil. The company also designs, engineers, owns, operates, and maintains natural gas compression packages. Further, it provides compression services in shale plays primarily in the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara, and Fayetteville shales in the Unites States. The company was founded in 1998 and is headquartered in Austin, Texas.
IPO Year: 2013
Exchange: NYSE
Website: usacompression.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/27/2024 | $23.00 | Neutral | Citigroup |
5/30/2024 | $23.00 → $26.00 | Underperform → Neutral | Mizuho |
9/29/2023 | $22.00 | Neutral → Underperform | Mizuho |
7/27/2022 | $18.00 | Neutral | Mizuho |
3/14/2022 | $17.00 | Neutral → Underweight | JP Morgan |
12/16/2021 | $13.00 → $15.00 | Underweight | Wells Fargo |
LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU) today announced that it has appointed John Chandler as an independent member of the Board of Directors (the "Board") effective November 7, 2024. Mr. Chandler was also appointed to the audit committee of the Board. Mr. Chandler has more than 30 years of experience in the energy industry, predominantly in financial leadership and business development roles. Most recently, he served as Chief Financial Officer ("CFO") of The Williams Companies (NYSE:WMB) from 2017 to 2022. Prior to that he was CFO of Magellan Midstream Partners from 2002 to 2014. Between 1992 and 2002 he held various finance, planning and business development positions
Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended September 30, 2024. Energy Transfer reported net income attributable to partners for the three months ended September 30, 2024 of $1.18 billion. For the three months ended September 30, 2024, net income per common unit (basic) was $0.33. Adjusted EBITDA for the three months ended September 30, 2024 was $3.96 billion compared to $3.54 billion for the three months ended September 30, 2023. Distributable Cash Flow attributable to partners, as adjusted, for the three months ended September 30, 2024 was $1.99 billion, an increase of $4 million from the three months ende
USA Compression Partners, LP (NYSE:USAC) ("USA Compression" or the "Partnership") announced today its financial and operating results for third-quarter 2024. Financial Highlights Record total revenues of $240.0 million for third-quarter 2024, compared to $217.1 million for third-quarter 2023. Net income was $19.3 million for third-quarter 2024, compared to $20.9 million for third-quarter 2023. Net cash provided by operating activities was $48.5 million for third-quarter 2024, compared to $50.1 million for third-quarter 2023. Adjusted EBITDA was $145.7 million for third-quarter 2024, compared to $130.2 million for third-quarter 2023. Distributable Cash Flow was $86.6 million for t
USA Compression Partners, LP (NYSE:USAC) ("USA Compression") today announced that Christopher M. Paulsen will join the company on November 18, 2024 as its new Chief Financial Officer. Chris comes to USA Compression with over 20 years in the energy industry, most recently serving as the Senior Vice President of Business Development and Strategy at Pioneer Natural Resources. Chris received his BBA from Baylor University and his MBA from the McCombs School of Business at the University of Texas. Chris is a board member of Ralph Lowe Energy Institute at Texas Christian University. He also serves as a board member of the Maguire Energy Institute at Southern Methodist University, focusing his eff
Energy Transfer LP (NYSE:ET) today announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024. This cash distribution per Energy Transfer common unit will be paid on November 19, 2024 to unitholders of record as of the close of business on November 8, 2024, and is an increase of 3.2 percent as compared to the third quarter of 2023. In addition, as previously announced, Energy Transfer plans to release earnings for the third quarter of 2024 on Wednesday, November 6, 2024, after the market closes. The company will also conduct a conference call on Wednesday, November 6, 202
Energy Transfer LP ("ET") today announced the quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE:ETPRI). The cash distribution for the Series I unitholders will be paid on November 14, 2024 to Series I unitholders of record as of the close of business on November 4, 2024. Energy Transfer LP (NYSE:ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 130,000 miles of pipeline and associated energy infrastructure. Energy Transfer's strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations
USA Compression Partners, LP (NYSE:USAC) ("USA Compression") today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the third quarter of 2024. The distribution will be paid on November 1, 2024 to unitholders of record as of the close of business on October 21, 2024. Third-Quarter 2024 Earnings Conference Call In addition, USA Compression will release its third-quarter 2024 results prior to the opening of U.S. financial markets on Tuesday, November 5. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live ove
Energy Transfer LP (NYSE:ET) today announced that it plans to release earnings for the third quarter of 2024 on Wednesday, November 6, 2024, after the market closes. The company will also conduct a conference call on Wednesday, November 6, 2024 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer's website at energytransfer.com. The call will also be available for replay on Energy Transfer's website for a limited time. Energy Transfer LP (NYSE:ET) owns and operates one of the largest and most diversified portfolios of energy as
USA Compression Partners, LP (NYSE:USAC) today announced the retirement of Eric D. Long, President and Chief Executive Officer. In connection with his retirement and the transition to the new President and Chief Executive Officer, Long stepped down from the position of President and Chief Executive Officer and as a member of the USA Compression Board of Directors effective October 2, 2024. Long will remain an employee with USA Compression in a transitory role until December 31, 2024, assisting his successor to ensure a seamless transition. Long co-founded USA Compression in 1998 and has over 40 years of experience in the oil and gas industry. Micah "Clint" Green, Senior Vice President, Con
USA Compression Partners, LP (NYSE:USAC) ("USA Compression") today announced that its senior management will attend and expects to participate in a series of meetings with members of the investment community at the following upcoming conferences: Barclays Annual CEO Energy-Power Conference in New York, New York on September 4; and NYSE Investor Access – Energy & Utility Day, virtually, on September 10. Presentation materials used during these meetings will be posted to USA Compression's website prior to the investor meetings. Please visit the Investor Relations section of the website at usacompression.com under "Presentations." About USA Compression Partners, LP USA Compression
Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended September 30, 2024. Energy Transfer reported net income attributable to partners for the three months ended September 30, 2024 of $1.18 billion. For the three months ended September 30, 2024, net income per common unit (basic) was $0.33. Adjusted EBITDA for the three months ended September 30, 2024 was $3.96 billion compared to $3.54 billion for the three months ended September 30, 2023. Distributable Cash Flow attributable to partners, as adjusted, for the three months ended September 30, 2024 was $1.99 billion, an increase of $4 million from the three months ende
USA Compression Partners, LP (NYSE:USAC) ("USA Compression" or the "Partnership") announced today its financial and operating results for third-quarter 2024. Financial Highlights Record total revenues of $240.0 million for third-quarter 2024, compared to $217.1 million for third-quarter 2023. Net income was $19.3 million for third-quarter 2024, compared to $20.9 million for third-quarter 2023. Net cash provided by operating activities was $48.5 million for third-quarter 2024, compared to $50.1 million for third-quarter 2023. Adjusted EBITDA was $145.7 million for third-quarter 2024, compared to $130.2 million for third-quarter 2023. Distributable Cash Flow was $86.6 million for t
Energy Transfer LP (NYSE:ET) today announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024. This cash distribution per Energy Transfer common unit will be paid on November 19, 2024 to unitholders of record as of the close of business on November 8, 2024, and is an increase of 3.2 percent as compared to the third quarter of 2023. In addition, as previously announced, Energy Transfer plans to release earnings for the third quarter of 2024 on Wednesday, November 6, 2024, after the market closes. The company will also conduct a conference call on Wednesday, November 6, 202
USA Compression Partners, LP (NYSE:USAC) ("USA Compression") today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the third quarter of 2024. The distribution will be paid on November 1, 2024 to unitholders of record as of the close of business on October 21, 2024. Third-Quarter 2024 Earnings Conference Call In addition, USA Compression will release its third-quarter 2024 results prior to the opening of U.S. financial markets on Tuesday, November 5. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live ove
Energy Transfer LP (NYSE:ET) today announced that it plans to release earnings for the third quarter of 2024 on Wednesday, November 6, 2024, after the market closes. The company will also conduct a conference call on Wednesday, November 6, 2024 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer's website at energytransfer.com. The call will also be available for replay on Energy Transfer's website for a limited time. Energy Transfer LP (NYSE:ET) owns and operates one of the largest and most diversified portfolios of energy as
Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended June 30, 2024. Energy Transfer reported net income attributable to partners for the three months ended June 30, 2024 of $1.31 billion. For the three months ended June 30, 2024, net income per common unit (basic) was $0.35. Adjusted EBITDA for the three months ended June 30, 2024 was $3.76 billion compared to $3.12 billion for the three months ended June 30, 2023. Adjusted EBITDA for the current quarter includes more than $80 million of transaction-related expenses incurred by the Partnership and Sunoco LP. Distributable Cash Flow attributable to partners, as adj
USA Compression Partners, LP (NYSE:USAC) ("USA Compression" or the "Partnership") announced today its financial and operating results for second-quarter 2024. Financial Highlights Record total revenues of $235.3 million for second-quarter 2024, compared to $206.9 million for second-quarter 2023. Net income was $31.2 million for second-quarter 2024, compared to $23.6 million for second-quarter 2023. Net cash provided by operating activities was $96.7 million for second-quarter 2024, compared to $87.9 million for second-quarter 2023. Adjusted EBITDA was $143.7 million for second-quarter 2024, compared to $125.0 million for second-quarter 2023. Distributable Cash Flow was $85.
Energy Transfer LP (NYSE:ET) today announced an increase in its quarterly cash distribution to $0.32 per Energy Transfer common unit ($1.28 on an annualized basis) for the second quarter ended June 30, 2024. This cash distribution per Energy Transfer common unit will be paid on August 19, 2024 to unitholders of record as of the close of business on August 9, 2024, and is an increase of 3.2 percent as compared to the second quarter of 2023. In addition, as previously announced, Energy Transfer plans to release earnings for the second quarter of 2024 on Wednesday, August 7, 2024, after the market closes. The company will also conduct a conference call on Wednesday, August 7, 2024 at 3:30
USA Compression Partners, LP (NYSE:USAC) ("USA Compression") today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the second quarter of 2024. The distribution will be paid on August 2, 2024 to unitholders of record as of the close of business on July 22, 2024. Second-Quarter 2024 Earnings Conference Call In addition, USA Compression will release its second-quarter 2024 results prior to the opening of U.S. financial markets on Tuesday, August 6. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over
Energy Transfer LP (NYSE:ET) today announced that it plans to release earnings for the second quarter of 2024 on Wednesday, August 7, 2024, after the market closes. The company will also conduct a conference call on Wednesday, August 7, 2024 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer's website at energytransfer.com. The call will also be available for replay on Energy Transfer's website for a limited time. Energy Transfer LP (NYSE:ET) owns and operates one of the largest and most diversified portfolios of energy ass
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LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU) today announced that it has appointed John Chandler as an independent member of the Board of Directors (the "Board") effective November 7, 2024. Mr. Chandler was also appointed to the audit committee of the Board. Mr. Chandler has more than 30 years of experience in the energy industry, predominantly in financial leadership and business development roles. Most recently, he served as Chief Financial Officer ("CFO") of The Williams Companies (NYSE:WMB) from 2017 to 2022. Prior to that he was CFO of Magellan Midstream Partners from 2002 to 2014. Between 1992 and 2002 he held various finance, planning and business development positions
USA Compression Partners, LP (NYSE:USAC) ("USA Compression") today announced that Christopher M. Paulsen will join the company on November 18, 2024 as its new Chief Financial Officer. Chris comes to USA Compression with over 20 years in the energy industry, most recently serving as the Senior Vice President of Business Development and Strategy at Pioneer Natural Resources. Chris received his BBA from Baylor University and his MBA from the McCombs School of Business at the University of Texas. Chris is a board member of Ralph Lowe Energy Institute at Texas Christian University. He also serves as a board member of the Maguire Energy Institute at Southern Methodist University, focusing his eff
USA Compression Partners, LP (NYSE:USAC) ("USA Compression") today announced that Michael C. Pearl has joined the company as our new Chief Financial Officer. Mike is a seasoned financial and energy veteran with years of experience leading finance and accounting teams. Mike was most recently the Chief Financial Officer at Western Midstream Partners, LP and prior to that held multiple finance roles at Anadarko Petroleum Corporation. "We are delighted to welcome Mike to the USA Compression team," said Eric D. Long, USA Compression's President and Chief Executive Officer. "Mike is an exceptional finance executive and a strategic thought partner who has track record of delivering strong financi
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that Bradford D. (Brad) Whitehurst has been named as Chief Financial Officer effective immediately. Whitehurst, age 46, brings 20 years of experience to the position having served most recently as Executive Vice President and Head of Tax for the Dallas-based midstream company. In addition to overseeing all of Energy Transfer’s taxation functions, Whitehurst has also been responsible for managing Energy Transfer’s Information Technology and Business Optimization divisions since joining the Partnership in 2014. He also serves on Energy Transfer’s Investment Committee and is a director of USA Compression Partners,
Citigroup initiated coverage of USA Compression Partners with a rating of Neutral and set a new price target of $23.00
Mizuho upgraded USA Compression Partners from Underperform to Neutral and set a new price target of $26.00 from $23.00 previously
Mizuho downgraded USA Compression Partners from Neutral to Underperform and set a new price target of $22.00
Mizuho initiated coverage of USA Compression Partners with a rating of Neutral and set a new price target of $18.00
JP Morgan downgraded USA Compression Partners from Neutral to Underweight and set a new price target of $17.00
Wells Fargo reiterated coverage of USA Compression Partners with a rating of Underweight and set a new price target of $15.00 from $13.00 previously
RBC Capital Mkts downgraded USA Compression Partners from Outperform to Sector Perform and set a new price target of $16.00
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RBC Capital analyst Elvira Scotto reiterates USA Compression Partners (NYSE:USAC) with a Sector Perform and maintains $26 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Mizuho analyst Gabriel Moreen upgraded the rating for USA Compression Partners, LP (NYSE:USAC) from Underperform to Neutral, while raising the price target from $23 to $26. USA Compression Partners shares fell 0.7% to close at $23.88 on Wednesday. See how other analysts view this stock. Stifel analyst Jeffrey Stantial upgraded International Game Technology PLC (NYSE:IGT) from Hold to Buy and boosted the price target from $24 to $26. Intl Game Tech shares fell 0.7% to settle at $19.10 on Wednesday.
Mizuho analyst Gabriel Moreen upgrades USA Compression Partners (NYSE:USAC) from Underperform to Neutral and raises the price target from $23 to $26.
USA Compression Partners (NYSE:USAC) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.13 by 46.15 percent. The company reported quarterly sales of $229.276 million which beat the analyst consensus estimate of $228.352 million by 0.40 percent. This is a 16.31 percent increase over sales of $197.124 million the same period last year.
Raymond James analyst Praveen Narra maintains USA Compression Partners (NYSE:USAC) with a Outperform and raises the price target from $28 to $30.
USA Compression Partners, LP (NYSE:USAC) (the "Partnership") today announced the pricing of a private placement to eligible purchasers by the Partnership and its wholly-owned subsidiary, USA Compression Finance Corp., of $1.0 billion in aggregate principal amount of 7.125% senior unsecured notes due 2029 at par. The offering is expected to close on March 18, 2024, subject to customary closing conditions.The Partnership estimates that it will receive net proceeds of approximately $984.4 million, after deducting the initial purchasers' discounts and estimated offering expenses. The net proceeds from the offering will be used to repay a portion of existing borrowings under its asset-based revol
The Nasdaq 100 closed slightly lower on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. TechnipFMC The Trade: TechnipFMC plc (NYSE:FTI) Director Carvalho Filho Eleazar de sold a total of 12,491 shares at an average price of $2
USA Compression Partners, LP (NYSE:USAC) reported fourth-quarter fiscal 2023 total revenue growth of 18.4% year-over-year to $225.049 million, beating the consensus of $220.80 million. Earnings per unit was $0.02 for the quarter, up from a loss per unit of $(0.09) in Q4 2022. Net income for the quarter included a $10.5 million loss on derivative instrument. Adjusted gross margin was 67.5%, up 220 bps YoY. The operating income improved to $68.54 million (+46.8% Y/Y), margin expanded by 590 bps to 30.5%. Adjusted EBITDA margin expanded by 216 bps to 61.6%. USAC's net cash provided by operating activities for the fiscal totaled $271.99 million, compared to $260.59 million in 2022. Q