USA Compression Partners Not an 'Emerging Growth Company'
Ticker: USAC · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1522727
| Field | Detail |
|---|---|
| Company | Usa Compression Partners, LP (USAC) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, disclosure
TL;DR
**USAC confirms it's not an emerging growth company, meaning more SEC transparency for investors.**
AI Summary
USA Compression Partners, LP filed an 8-K on January 16, 2024, primarily to disclose that it is not an "emerging growth company." This matters to investors because emerging growth companies have fewer reporting requirements, so this filing indicates USA Compression Partners, LP will continue to adhere to the more stringent disclosure rules, providing greater transparency for shareholders.
Why It Matters
This filing confirms USA Compression Partners, LP will continue to operate under standard SEC reporting requirements, offering investors more transparency than an emerging growth company would.
Risk Assessment
Risk Level: low — This filing is a routine disclosure and does not indicate any new financial or operational risks for the company.
Analyst Insight
Investors should note that USA Compression Partners, LP's status as a non-emerging growth company ensures continued access to comprehensive financial and operational disclosures, which can aid in informed decision-making.
Key Players & Entities
- USA Compression Partners, LP (company) — the registrant filing the 8-K
- January 16, 2024 (date) — date of earliest event reported and filing date
- New York Stock Exchange (company) — exchange where common units are registered
Forward-Looking Statements
- USA Compression Partners, LP will continue to adhere to full SEC reporting requirements. (USA Compression Partners, LP) — high confidence, target: Ongoing
FAQ
What is the purpose of this 8-K filing by USA Compression Partners, LP?
The primary purpose of this 8-K filing by USA Compression Partners, LP is to disclose that the company is not an "emerging growth company" as defined by SEC rules, and to confirm its registration on the New York Stock Exchange.
What is the trading symbol for USA Compression Partners, LP's common units?
The trading symbol for USA Compression Partners, LP's common units representing limited partner interests is USAC, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 16, 2024, as indicated by 'Date of report (Date of earliest event reported): January 16, 2024'.
Where are USA Compression Partners, LP's principal executive offices located?
USA Compression Partners, LP's principal executive offices are located at 111 Congress Avenue, Suite 2400, Austin, Texas 78701, according to the 'Address of principal executive offices' section.
What is the significance of USA Compression Partners, LP not being an 'emerging growth company'?
The significance of USA Compression Partners, LP not being an 'emerging growth company' means it is subject to more extensive public reporting and disclosure requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934, rather than the scaled-back requirements available to emerging growth companies.
Filing Stats: 575 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-01-16 06:55:16
Filing Documents
- usac-20240116.htm (8-K) — 27KB
- preferredunitconversions.htm (EX-99.1) — 16KB
- preferredunitconversions001.jpg (GRAPHIC) — 138KB
- preferredunitconversions002.jpg (GRAPHIC) — 312KB
- preferredunitconversions003.jpg (GRAPHIC) — 186KB
- preferredunitconversions004.jpg (GRAPHIC) — 199KB
- preferredunitconversions005.jpg (GRAPHIC) — 187KB
- 0001522727-24-000002.txt ( ) — 1584KB
- usac-20240116.xsd (EX-101.SCH) — 2KB
- usac-20240116_lab.xml (EX-101.LAB) — 25KB
- usac-20240116_pre.xml (EX-101.PRE) — 13KB
- usac-20240116_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
ITEM 7.01. Regulation FD Disclosure. Presentation On January 16, 2024, USA Compression Partners, L.P. (the " Partnership ") posted the slides attached to this report as Exhibit 99.1 to its Investor Relations website under "Presentations" (https://investors.usacompression.com). Disclosure Channels to Disseminate Information The Partnership disseminates information to the public about the Partnership, its services and other matters through various channels, including the Partnership's investor relations website (https://investors.usacompression.com), SEC filings, press releases, public conference calls and webcasts, in order to achieve broad, non-exclusionary distribution of information to the public. The Partnership encourages investors and others to review the information it makes public through these channels, as such information could be deemed to be material information. The information furnished pursuant to this Item 7.01 (including the exhibit), or on the Partnership's website, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (as amended, the " Exchange Act "), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
01. Financial Statements and Exhibits
ITEM 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Presentation, "Series A Preferred Unit Conversions – Illustrative Pro Forma Impact" 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. USA COMPRESSION PARTNERS, LP By: USA Compression GP, LLC, its General Partner Date: January 16, 2024 By: /s/ Christopher W. Porter Christopher W. Porter Vice President, General Counsel and Secretary