USA Compression Responds to FERC Announcement
Get Alerts USAC Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 12.1%
EPS Growth %: +36.4%
Join SI Premium – FREE
AUSTIN, Texas--(BUSINESS WIRE)-- On March 15, 2018, the Federal Energy Regulatory Commission (“FERC”) announced that it will no longer allow interstate pipelines owned by master limited partnerships to recover an income tax allowance in the cost of service. In response to this announcement, USA Compression Partners, LP (NYSE: USAC) confirms that it does not currently provide services pursuant to FERC jurisdictional cost of service-based rates or own any interstate pipelines, and as such, USAC does not expect to be adversely impacted by the announcement from the FERC.
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 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. More information is available at usacompression.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180319005937/en/
USA Compression Partners, LP
Matthew Liuzzi, 512-369-1624
Chief
Financial Officer
[email protected]
Source: USA Compression Partners, LP
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
- Benz Defines Maiden Gold Exploration Target at Glenburgh
- Tamron 17-70mm f/2.8 APS-C Lens for Nikon Z and Canon RF Camera Mounts; Available July 2nd and More Info at B&H
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share