USA Compression Partners, LP - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by USA Compression Partners, LP on May 7, 2014. The filing reports the company's financial and operating results for the first quarter of 2014. The report incorporates a press release (Exhibit 99.1) detailing record revenues and the confirmation of the 2014 outlook.
Key Financial Metrics
The filing text references "Record Revenues" for the first quarter of 2014 but does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document. These specific figures are contained in the referenced press release (Exhibit 99.1), which is not included in the provided text.
Material Changes and Corporate Actions
- Record Performance: The company achieved record revenues for the first quarter of 2014.
- Distribution Policy: Major stakeholders Riverstone and Argonaut have committed to receiving distributions in the form of additional common units through the first quarter of 2015.
Guidance, Outlook, and Risks
Management has confirmed its 2014 outlook. The filing notes that the information provided, including the press release, is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the specific revenue and earnings per unit figures in the full text of the May 7, 2014 press release (Exhibit 99.1).
- Confirm the exact terms and duration of the reinvestment commitment by Riverstone and Argonaut.
- Review the detailed 2014 guidance metrics (e.g., distribution growth targets) referenced in the outlook confirmation.
- Check for any updated debt covenants or liquidity positions in the full quarterly report.