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Last $20.18 USD
Change Today -0.38 / -1.85%
Volume 36.4K
USAC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

usa compression partners lp (USAC) Snapshot

Open
$20.50
Previous Close
$20.56
Day High
$20.50
Day Low
$20.01
52 Week High
04/30/14 - $28.29
52 Week Low
12/16/14 - $14.45
Market Cap
930.1M
Average Volume 10 Days
142.0K
EPS TTM
$0.52
Shares Outstanding
32.0M
EX-Date
01/30/15
P/E TM
39.0x
Dividend
$2.04
Dividend Yield
9.94%
Current Stock Chart for USA COMPRESSION PARTNERS LP (USAC)

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usa compression partners lp (USAC) Details

USA Compression Partners, LP provides natural gas compression services under term contracts with customers in the oil and gas industry in the United States. It engineers, designs, operates, services, and repairs its compression units and maintains related support inventory and equipment. The company provides compression services in various shale plays, including the Utica, Marcellus, Permian Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, and Fayetteville shales. As of December 31, 2014, it had approximately 1,549,020 of horsepower in its fleet. The company serves oil companies; and independent producers, processors, gatherers, and transporters of natural gas and crude oil. USA Compression GP, LLC operates as the general partner of USA Compression Partners, LP. It was formerly known as Compression Holdings, LP, and changed its name to USA Compression Partners, LP in June 2011. The company was founded in 1998 and is headquartered in Austin, Texas.

Founded in 1998

usa compression partners lp (USAC) Top Compensated Officers

Chief Executive Officer of USA Compression GP...
Total Annual Compensation: $1.1M
Vice President of USA Compression GP LLC and ...
Total Annual Compensation: $700.0K
Vice President of USA Compression GP LLC, Gen...
Total Annual Compensation: $472.0K
Compensation as of Fiscal Year 2014.

usa compression partners lp (USAC) Key Developments

USA Compression Partners LP to Join the Alerian Natural Gas MLP Index

Alerian announced that following the close of business on March 20, USA Compression Partners LP will be added to the Alerian Natural Gas MLP Index. USA Compression Partners engineers, designs, operates, and services a fleet of compression units. QEP Midstream Partners will be removed from the index following the close of business on March 20.

USA Compression Partners, LP Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Announces Impairment of Compression Equipment for the Fourth Quarter Ended December 31, 2014

USA Compression Partners LP reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $60,995,000 against $48,643,000 a year ago. This was primarily the result of a 26.7% increase in contract operations revenues (excluding retail parts and services) to $60.0 million in the fourth quarter of 2014, compared to $47.4 million in the fourth quarter of 2013. This increase was driven primarily by organic growth in revenue generating horsepower. Operating income was $11,756,000 against $8,065,000 a year ago. Net income before income tax expense was $8,501,000 against $4,541,000 a year ago. Net income was $8,501,000 against $4,437,000 a year ago. Net income per basic and diluted share was $0.18 against $0.12 a year ago. Net cash provided by operating activities was $31,290,000 against $26,512,000 a year ago. EBITDA was $31,392,000 against $23,756,000 a year ago. Adjusted EBITDA was $33,024,000 against $25,413,000 a year ago. Expansion capital expenditures (used primarily to purchase new compression units) were $109.3 million, maintenance capital expenditures totaled $3.4 million and cash interest expense, net was $3.0 million for the fourth quarter of 2014. For the year, the company reported total revenue of $221,509,000 against $152,918,000 a year ago. Operating income was $37,567,000 against $23,830,000 a year ago. Net income before income tax expense was $25,049,000 against $11,351,000 a year ago. Net income was $24,946,000 against $11,071,000 a year ago. Net cash provided by operating activities was $101,891,000 against $68,190,000 a year ago. Adjusted EBITDA was $114,409,000 against $81,130,000 a year ago. Net income per basic and diluted share was $0.60 against $0.32 a year ago. EBITDA was $108,734,000 against $76,756,000 a year ago. The company provided earnings guidance for the year 2015. For the year 2015, the company expected adjusted EBITDA range of $17.5 million to $18.5 million; distributable cash flow range of $91.3 million to $102.3 million; net income range of $13.1 million to $24.1 million; interest expense range of $17.6 million to $18.6 million; depreciation and amortization of $92.0 million; and expansion capital expenditures range of $250 million to $270 million. The company expects full year EBITDA to be in the range of $130 million to $140 million, and the company expects to generate distributable cash flow of $91.3 million to $102.3 million. For the quarter, the company reported impairment of compression equipment was $1,102,000 against $203,000 a year ago.

USA Compression Partners Boosts Quarterly Distribution Payable on Feb. 13, 2015

USA Compression Partners, LP announced that it has increased its cash distribution to $0.51 per unit on its common and subordinated units for fourth quarter. This corresponds to an annualized distribution rate of $2.04 per unit, up from the third quarter distribution rate of $0.505 per unit, or an annualized rate of $2.02. The partnership's fourth quarter distribution rate is an increase of 1% over third quarter and is up 6.3% year-over-year. The distribution will be paid on Feb. 13, 2015, to unit holders of record as of the close of business on Feb. 3, 2015.

 

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Industry Analysis

USAC

Industry Average

Valuation USAC Industry Range
Price/Earnings 35.2x
Price/Sales 4.1x
Price/Book 1.1x
Price/Cash Flow 9.8x
TEV/Sales 1.5x
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