USA Compression Partners, LP (NYSE: USAC) (the “Partnership”) today announced an increased cash distribution of $0.48 per unit on its common and subordinated units for the fourth quarter of 2013, which corresponds to an annualized distribution rate of $1.92 per unit, up from the third quarter’s distribution rate of $0.46 per unit, or an annualized rate of $1.84. The Partnership’s fourth quarter distribution rate is an increase of 4.3% over the third quarter and 12.9% above the minimum quarterly distribution. The distribution will be paid on February 14, 2014, to unitholders of record as of the close of business on February 4, 2014. USA Compression Holdings, LLC, the owner of 50.6% of the Partnership’s outstanding limited partnership units, and Argonaut Private Equity and certain related parties, the owner of 19.3% of the Partnership’s outstanding limited partnership units, have committed to reinvest all of this distribution with respect to their units pursuant to the Partnership’s Distribution Reinvestment Plan. Fourth Quarter Earnings Conference Call In addition, the Partnership announced today it will release its fourth quarter 2013 results prior to the opening of U.S. financial markets on Tuesday, February 18. Management will conduct an investor conference call the same day starting at 10 a.m. Eastern Time (9 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.
|By Phone:||Dial 877-941-8609 inside the U.S. and Canada at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call. Investors outside the U.S. and Canada should dial 480-629-9692. The passcode for both is 4664145#.|
|A replay of the call will be available through February 25, 2014. Callers inside the U.S. and Canada may access the replay by dialing 800-406-7325. Investors outside the U.S. and Canada should dial 303-590-3030. The passcode for both is 4664145#.|
|By Webcast:||Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at http://investors.usacpartners.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.|
FORWARD-LOOKING STATEMENTSStatements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of the Partnership, and a variety of risks that could cause results to differ materially from those expected by management of the Partnership. The Partnership undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.