USA Compression Partners, LP Announces First Quarter 2018 Distribution; First Quarter 2018 Earnings Release and Conference Call Scheduled for May 9
AUSTIN, Texas–(BUSINESS WIRE)–USA Compression Partners, LP (NYSE: USAC) (the “Partnership”) today
announced a cash distribution of $0.525 per common unit for the first
quarter of 2018, which corresponds to an annualized distribution rate of
$2.10 per unit, flat from the fourth quarter’s distribution rate. The
distribution will be paid on May 11, 2018, to unitholders of record as
of the close of business on May 1, 2018.
First Quarter 2018 Earnings Conference Call
In addition, the Partnership announced today it will release its first
quarter 2018 results prior to the opening of U.S. financial markets on
Wednesday, May 9. 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.
| By Phone: |
Dial 888-394-8218 inside the U.S. and Canada at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call. Investors outside the U.S. and Canada should dial 323-701-0225. The conference ID for both is 6059010. |
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A replay of the call will be available through May 20, 2018. Callers inside the U.S. and Canada may access the replay by dialing 888-203-1112. Investors outside the U.S. and Canada should dial 719-457-0820. The passcode for both is 6059010. |
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| By Webcast: |
Connect to the webcast via the “Events” page of USA Compression’s |
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. On April 2, 2018, the
Partnership closed its previously announced transactions with the Energy
Transfer family. 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.
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 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.
Contacts
USA Compression Partners, LP
Matt Liuzzi, 512-369-1624
[email protected]
