USA Compression Partners Announces Third-Quarter 2023 Distribution; Third-Quarter 2023 Earnings Release and Conference Call Scheduled for October 31
12 Oktober 2023 - 10:37PM
Business Wire
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 2023. The
distribution will be paid on November 3, 2023, to unitholders of
record as of the close of business on October 23, 2023.
Third-Quarter 2023 Earnings Conference Call
In addition, USA Compression will release its third-quarter 2023
results prior to the opening of U.S. financial markets on Tuesday,
October 31. 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 the internet. Investors may participate by audio webcast,
or if located in the U.S. or Canada, by phone. A replay will be
available shortly after the call via the “Events” page of USA
Compression’s Investor Relations website.
By Webcast:
Connect to the webcast via the “Events”
page of USA Compression’s Investor Relations
website at
https://investors.usacompression.com. Please log in at least 10
minutes in advance to register and download any necessary
software.
By Phone:
Dial (888) 440-5655 at least 10 minutes
before the call and ask for the USA Compression
Partners Earnings Call or conference ID
8970064.
ABOUT USA COMPRESSION PARTNERS, LP
USA Compression Partners, LP is one of the nation’s largest
independent providers of natural gas compression services in terms
of total compression fleet horsepower. USA Compression partners
with a broad customer base composed of producers, processors,
gatherers, and transporters of natural gas and crude oil. USA
Compression focuses on providing midstream natural gas compression
services to infrastructure applications primarily in high-volume
gathering systems, processing facilities, and transportation
applications. More information is available at
usacompression.com.
QUALIFIED NOTICE
This release serves as qualified notice to nominees as provided
for under Treasury Regulation Section 1.1446-4(b)(4) and (d).
Please note that one hundred percent (100%) of USA Compression’s
distributions to foreign investors are attributable to income that
is effectively connected with a United States trade or business.
Accordingly, all of USA Compression’s distributions to foreign
investors are subject to federal tax withholding at the highest
applicable effective tax rate. Nominees, and not USA Compression,
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors. For
purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii),
brokers and nominees should treat one hundred percent (100%) of the
distributions as being in excess of cumulative net income for
purposes of determining the amount to withhold.
FORWARD-LOOKING STATEMENTS
Statements in this press release may be forward-looking
statements as defined under federal law. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of uncertainties and factors, many of
which are outside the control of USA Compression, and a variety of
risks that could cause results to differ materially from those
expected by management of USA Compression. USA Compression
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events, or changes to future operating results over
time.
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USA Compression Partners, LP Investor Relations
ir@usacompression.com
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