USA Compression Partners, LP - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on April 14, 2014, by USA Compression Partners, LP, a Delaware limited partnership. The filing addresses the S&R Acquisition, completed on August 30, 2013, which involved the acquisition of assets and liabilities related to compression services for the oil and gas industry.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references Exhibit 99.1, which contains unaudited pro forma combined statements of operations for the year ended December 31, 2013. These statements reflect the S&R Acquisition and the closing of the Partnership's initial public offering on January 18, 2013.
Material Changes
The primary material change disclosed is the completion of the S&R Acquisition. The pro forma financial statements included in the filing are intended to show the financial position of the Partnership as if the acquisition had occurred at the beginning of the reporting period.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors. Its sole purpose is to satisfy the requirements of Rule 11-01 of Regulation S-X by providing pro forma financial information regarding the S&R Acquisition.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific pro forma revenue and earnings figures for the year ended December 31, 2013.
- Verify the impact of the S&R Acquisition on the Partnership's capital structure and debt levels as detailed in the pro forma notes.
- Confirm the integration status of the acquired assets and liabilities since the August 30, 2013 closing date.