USA Compression Partners Announces Third Quarter 2015 Distribution; Third Quarter 2015 Earnings Release and Conference Call Scheduled for November 5
USA Compression Partners, LP (NYSE: USAC) (the “Partnership”) today
announced a cash distribution of $0.525 per unit on its common and
subordinated units for the third quarter of 2015, which corresponds to
an annualized distribution rate of $2.10 per unit, unchanged from the
second quarter’s distribution rate. “In light of current market
conditions, we believe the prudent course of action is to continue our
focus on strengthening the balance sheet and building coverage,” said
Eric D. Long, USA Compression’s President and Chief Executive Officer.
The Partnership’s third quarter distribution rate represents a
year-over-year increase of 4.0%. The distribution will be paid on
November 13, 2015, to unitholders of record as of the close of business
on November 3, 2015.
Third Quarter 2015 Earnings Conference Call
In addition, the Partnership announced today it will release its third
quarter 2015 results prior to the opening of U.S. financial markets on
Thursday, 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 over the Internet. Investors may participate either by
phone or audio webcast.
Dial 888-397-5352 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
719-325-2177. The conference ID for both is 376182.
A replay of the call will be available through November 16, 2015.
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 376182.
Connect to the webcast via the “Events” page of USA Compression’s
Investor Relations website at http://investors.usacpartners.com.
Please log in at least 10 minutes in advance to register and
download any necessary software. A replay will be available
shortly after the call.
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 unit horsepower. The
company partners with a broad customer base composed of producers,
processors, gatherers and transporters of natural gas and crude oil. USA
Compression focuses on providing compression services to infrastructure
applications primarily in high volume gathering systems, processing
facilities and transportation applications. More information is
available at www.usacpartners.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: http://www.businesswire.com/news/home/20151022006643/en/
Copyright Business Wire 2015
Source: Business Wire
(October 22, 2015 - 4:54 PM EDT)
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