USA Compression Partners, LP (NYSE: USAC) has announced the retirement of Eric D. Long, President and Chief Executive Officer, effective October 2, 2024. Long will remain in a transitory role until December 31, 2024, assisting his successor, Micah “Clint” Green, who has been appointed as the new President and Chief Executive Officer of USA Compression effective October 3, 2024.
Eric Long, who co-founded USA Compression in 1998, has over 40 years of experience in the oil and gas industry. Micah “Clint” Green, on the other hand, has more than 25 years of industry experience and has served in leadership positions at Energy Transfer LP (NYSE: ET) since 2015.
USA Compression Partners, LP is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. The company partners with a broad customer base composed of producers, processors, gatherers, and transporters of natural gas and crude oil.
The press release quotes Tom Long, co-CEO of Energy Transfer and Chairman of the USAC Board, expressing gratitude to Eric Long for his leadership over the years and wishing him the best in his retirement. He also expressed confidence in Clint Green, stating that they are "very excited for him to take the reins at USA Compression."
Eric Long, in a statement about his retirement, mentioned that it has been an honor for him to steer USA Compression over the past 25 years from the formation of the company through its many successes and challenges to what it is today, a leader in the natural gas compression industry. He also expressed his pleasure in leaving the company in great hands for the next generation.
USA Compression Partners, LP has not provided any specific metrics or financial data in this press release. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $23.14. For the full picture, make sure to review U's 8-K report.
