Usd Partners Lp - USDP STOCK NEWS

USD Partners LP (NYSE: USDP) reported financial results for Q3 2022, generating Net Cash Provided by Operating Activities of $13.5 million, Adjusted EBITDA of $12.3 million, and Distributable Cash Flow of $9.6 million. The Partnership faced a net loss of $69.4 million primarily due to a non-cash impairment related to the Casper terminal. A quarterly cash distribution of $0.1235 per unit was declared, maintaining strong coverage. Management anticipates renewing agreements to address expired contracts due to market conditions.

USD Partners LP (NYSE: USDP) declared a quarterly cash distribution of $0.1235 per unit for Q3 2022, maintaining the same amount as the previous quarter. The distribution is set to be paid on November 14, 2022, to unitholders of record by November 2, 2022. The company plans to report its Q3 2022 financial results after market close on November 1, 2022, followed by a conference call on November 2, 2022. USD Partners specializes in midstream infrastructure for crude oil and biofuels across North America.

USD Partners LP (NYSE:USDP) announced the availability of its 2021 Schedule K-3 online for unitholders. This document is essential for specific reporting requirements, particularly for foreign unitholders and those calculating foreign tax credits. Previously, the Schedule K-1 was made available in March 2021. Unitholders can obtain an electronic copy by contacting Tax Package Support. USD Partners operates midstream infrastructure for energy products, generating cash flows from long-term contracts with investment-grade customers, and develops logistics solutions across North America.

USD Partners LP (NYSE:USDP) announced its participation in the 2022 Citi One-on-One Midstream/Energy Infrastructure Conference on August 16-17, 2022. Presentation materials will be available on the Partnership’s website prior to the event. USD Partners, established in 2014, operates midstream infrastructure focused on crude oil and biofuels, generating cash flow through multi-year contracts with investment-grade clients. Key assets include crude oil terminals in North America, facilitating heavy crude transport.

USD Partners LP (NYSE: USDP) reported its financial results for Q2 2022, showcasing a Net Cash from Operating Activities of $6.2 million and a Net Income of $3.8 million. The Partnership declared a cash distribution of $0.1235 per unit, maintaining a Distributable Cash Flow Coverage of approximately 2.5x. Significant developments included the acquisition of Hardisty South Terminal, enhancing its operational capacity to approximately 262,500 barrels per day, while facing a 74% decline in Net Cash Provided by Operating Activities compared to Q2 2021 due to lower revenues and higher interest expenses.

USD Partners LP (NYSE: USDP) declared a quarterly cash distribution of $0.1235 per unit for Q2 2022, identical to the previous quarter, annualizing to $0.494 per unit. This distribution is payable on August 12, 2022, to unitholders of record as of August 3, 2022. The Partnership will release its Q2 2022 earnings on August 3, 2022, with a conference call scheduled for August 4, 2022, at 11:00 a.m. ET. The Partnership operates midstream infrastructure with a focus on multi-year, take-or-pay contracts with major clients.

USD Partners LP (NYSE:USDP) announced participation in the Energy Infrastructure Council 2022 Investor Conference on May 16-17, 2022, in West Palm Beach, Florida. Presentation materials will be available on their website prior to the event. USD Partners LP is a fee-based master limited partnership focused on midstream infrastructure and logistics solutions for crude oil and biofuels. Its principal assets include crude oil terminals facilitating transportation from Western Canada to North America. The partnership operates under multi-year contracts with primarily investment-grade customers.

USD Partners LP (NYSE: USDP) reported its Q1 2022 financial results, achieving a Net Income of $9.0 million and Adjusted EBITDA of $10.0 million. The Partnership declared a quarterly cash distribution of $0.1235 per unit, showing a 2.1% increase. The quarter was marked by the acquisition of Hardisty South for $75 million in cash and units, aiming to enhance growth and operational synergy. However, Net Cash Provided by Operating Activities decreased 15%, and Adjusted EBITDA and Distributable Cash Flow fell 31% and 33%, respectively, due to lower revenue from key terminals.

USD Partners LP (NYSE: USDP) announced a quarterly cash distribution of $0.1235 per unit for Q1 2022, a 2.1% increase from Q4 2021. This distribution aligns with management's previous guidance and is payable on May 13, 2022. The Partnership will announce its Q1 2022 financial results on May 4, 2022, followed by a conference call on May 5, 2022. Founded in 2014, USD Partners LP operates midstream infrastructure and logistics for energy-related products, generating cash flow from multi-year contracts with investment-grade customers.