USA Compression Partners, LP (NYSE:USAC) Declares Quarterly Dividend of $0.53

Key Points

• USA Compression Partners, LP declared a quarterly dividend of $0.53, with the ex-dividend date set for October 27th and payment scheduled for November 7th.
• The company has a dividend payout ratio of 185.8%, indicating reliance on its balance sheet to cover dividends, which raises concerns about its sustainability.
• As of the latest report, USA Compression Partners' stock trades at $22.66 and has a market cap of $2.78 billion, reflecting a 1.5% decline in share price.

USA Compression Partners, LP (NYSE:USAC - Get Free Report) announced a quarterly dividend on Thursday, October 16th. Investors of record on Monday, October 27th will be paid a dividend of 0.525 per share by the oil and gas company on Friday, November 7th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Monday, October 27th.

USA Compression Partners has a dividend payout ratio of 185.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect USA Compression Partners to earn $1.26 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 166.7%.

USA Compression Partners Stock Down 1.5%

Shares of NYSE:USAC opened at $22.66 on Friday. USA Compression Partners has a fifty-two week low of $21.24 and a fifty-two week high of $30.10. The firm has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $24.33. The company has a market cap of $2.78 billion, a PE ratio of 33.82 and a beta of 0.35.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. USA Compression Partners had a net margin of 9.56% and a negative return on equity of 71.82%. The business had revenue of $250.13 million during the quarter, compared to the consensus estimate of $246.99 million. As a group, research analysts forecast that USA Compression Partners will post 1.05 EPS for the current fiscal year.

USA Compression Partners Company Profile

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.

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