USA Compression Partners, LP Announces Fourth Quarter 2018 Cash Distribution, Payable on February 8, 2019
January 17, 2019 at 05:25 pm EST
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USA Compression Partners, LP 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 unit holders of record as of the close of business on January 28, 2019.
USA Compression Partners, LP is a provider of natural gas compression services. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. It engineers, designs, operates, services and repairs its fleet of compression units and maintains related support inventory and equipment. It also provides compression services in mature conventional basins, including gas lift applications on crude oil wells targeted by horizontal drilling techniques. It has over 3,775,660 horsepower in its fleet. It provides compression services in a number of shales plays throughout the United States, including the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara and Fayetteville shales.