USA Compression Partners, LP Announces Fourth Quarter 2018 Distribution; Fourth Quarter 2018 Earnings Release and Conference Call Scheduled for February 19
AUSTIN, Texas--(BUSINESS WIRE)--Jan 17, 2019--USA Compression Partners, LP (NYSE: USAC) (the “Partnership”) today announced a cash distribution of $0.525 per common unit for the fourth quarter of 2018, which corresponds to an annualized distribution rate of $2.10 per unit, unchanged from the third quarter’s distribution rate. The distribution will be paid on February 8, 2019, to unitholders of record as of the close of business on January 28, 2019.
Fourth Quarter 2018 Earnings Conference Call
In addition, the Partnership announced today it will release its fourth quarter 2018 results prior to the opening of U.S. financial markets on Tuesday, February 19. 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 either by phone or audio webcast.
ABOUT USA COMPRESSION PARTNERS, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of compression services in terms of total compression fleet horsepower. The Partnership partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. The Partnership focuses on providing compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.
NON-U.S. WITHHOLDING INFORMATION
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
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 the Partnership, and a variety of risks that could cause results to differ materially from those expected by management of the Partnership. The Partnership 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190117005824/en/
CONTACT: Matt Liuzzi / 512-369-1624
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: USA Compression Partners, LP
Copyright Business Wire 2019.
PUB: 01/17/2019 05:25 PM/DISC: 01/17/2019 05:24 PM