USA Compression Partners Declares Q3 2024 Distribution Payment
USA Compression Partners Announces Third-Quarter Distribution
USA Compression Partners, LP (NYSE: USAC) has made a significant announcement regarding its cash distribution for the third quarter of 2024. The company will distribute $0.525 per common unit, which totals an impressive $2.10 on an annualized basis. This distribution reflects the firm’s commitment to providing value to its unitholders and will be disbursed on November 1, 2024, to all unitholders registered by the close of business on October 21, 2024.
Upcoming Earnings Release and Conference Call Details
The excitement surrounding USA Compression does not stop there. Prior to the opening of the U.S. markets on November 5, 2024, the company will release its earnings results for the third quarter. Following this, management will host an investor conference call starting at 11 a.m. Eastern Time (10 a.m. Central Time). This call aims to discuss the financial and operational outcomes of the third quarter. Investors interested in participating can join the call via audio webcast or by phone if they are within the U.S. or Canada. A replay of the conference call will be made available shortly thereafter on the “Events” page of the USA Compression Investor Relations website.
How to Join the Webcast
To ensure a smooth experience, participants are encouraged to connect to the webcast through the URL provided on the Investor Relations page of USA Compression. It is advisable to log in at least 10 minutes ahead of time to register and download any necessary compatible software, ensuring that everyone can enjoy the session without technical interruptions.
Joining by Phone
If you prefer participating via phone, you can dial (888) 440-5655 at least 10 minutes prior to the start of the call. Be sure to ask for the USA Compression Partners Earnings Call or reference conference ID 8970064. This allows for a personal touch to the discussions led by the company's management team.
About USA Compression Partners, LP
USA Compression Partners, LP stands as a key player in the natural gas industry as one of the largest independent providers of natural gas compression services. With a robust compression fleet, the company supports a diverse array of clients, including producers, processors, gatherers, and transporters of both natural gas and crude oil. USA Compression mainly focuses on midstream compression services essential for high-volume gathering systems, processing facilities, and vital transportation applications. This commitment to providing top-quality services positions USA Compression as an indispensable partner in the energy market.
Understanding Tax Implications for Foreign Investors
It's important for investors to be aware of the taxation regulations associated with USA Compression’s distributions. This release serves as a qualified notice to nominees, indicating that all distributions to foreign investors are fully attributable to income effectively connected with U.S. trade or business. Consequently, all distributions to foreign entities will be subjected to federal tax withholding at the maximum applicable rate. Nominees have the primary responsibility as withholding agents for these distributions.
Frequently Asked Questions
What is the announced cash distribution per common unit?
The announced cash distribution is $0.525 per common unit, totaling $2.10 on an annualized basis.
When will the Q3 2024 earnings release occur?
The Q3 2024 earnings release will happen prior to the opening of U.S. markets on November 5, 2024.
How can I participate in the investor conference call?
Participation can be done via audio webcast or by phone for those in the U.S. or Canada. A call-in number and conference ID will be provided for phone participants.
Where can I find more information about USA Compression?
More details regarding USA Compression can be found on its official website.
Are there tax implications for foreign investors?
Yes, all distributions to foreign investors are subject to federal tax withholding at the highest effective tax rate according to U.S. regulation.
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