Welcome to our dedicated page for Usd Partners Lp news (Ticker: USDP), a resource for investors and traders seeking the latest updates and insights on Usd Partners Lp stock.
USD Partners LP (USDP) delivers critical midstream infrastructure solutions for energy sector logistics, specializing in crude oil and biofuels transportation. This page provides investors and industry professionals with timely access to official company announcements, operational developments, and strategic updates.
Track USDP news across key areas including quarterly earnings reports, terminal expansions, rail fleet deployments, and partnership agreements. Our curated collection ensures you stay informed about infrastructure projects, safety initiatives, and market positioning in the evolving energy landscape.
Discover press releases detailing Hardisty Terminal operations, Stroud rail-to-pipeline transfers, and biofuel logistics advancements. Bookmark this page for direct access to primary source materials that impact supply chain efficiency and energy transportation economics.
USD Partners LP (NYSE: USDP) has successfully completed the acquisition of the Hardisty South terminal assets from USD Group LLC for a total of $75 million in cash and approximately 5.75 million common units. The cash was financed through the Partnership's $275 million senior secured credit facility. This acquisition enhances the Hardisty Terminal's capacity to 262,500 barrels per day and promotes operational synergies associated with the Sponsor's Diluent Recovery Unit program. The transaction received Board approval based on independent director recommendations.
USD Partners LP (NYSE: USDP) has announced the acquisition of Hardisty South terminal assets from USD Group LLC for $75 million in cash and 5.75 million common units. This transaction, expected to close in Q2 2022, aims to enhance the Partnership's asset base and is projected to yield double-digit accretion to Distributable Cash Flow per Unit in 2023. Key benefits include improved contract profiles and simplified financial structure, eliminating incentive distribution rights, which aligns interests with unitholders. Future cash flow contributions are estimated between $14 million and $18 million in 2023.
USD Partners LP (NYSE: USDP) has filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, with the SEC. The report is accessible via the Partnership's website and the SEC's site. Additionally, a tax package including the Schedule K-1 will be available by the week of March 14, 2022. USD Partners LP is a growth-oriented master limited partnership focused on midstream infrastructure and logistics for crude oil and biofuels, generating cash flows through multi-year contracts with investment-grade customers.
USD Partners LP (NYSE: USDP) reported its financial results for Q4 2021, generating $9.4 million in net cash from operations, $11.9 million in Adjusted EBITDA, and $10.7 million in Distributable Cash Flow. The partnership declared a quarterly cash distribution of $0.121 per unit, with a coverage ratio of approximately 3.2x. Despite a decrease in net income to $3.6 million, largely due to reduced revenue at its Stroud terminal and increased operating costs, management is optimistic about 2022, planning a 2.1% increase in quarterly distribution.
USD Partners LP (NYSE: USDP) has declared a quarterly cash distribution of
USD Partners LP (NYSE:USDP) has signed a five-year Terminal Services Agreement with a major ethanol producer at its West Colton, CA terminal, effective January 1, 2022. This agreement replaces a short-term contract and is projected to generate an additional $1.0 to $1.5 million annually in Net Cash from Operating Activities and Adjusted EBITDA. The Partnership also initiated renewable diesel operations at the same terminal, backed by a five-year contract with USD Clean Fuels LLC. Executive VP Brad Sanders emphasized the commitment to sustainable fuels as a growth opportunity.
USD Partners LP (NYSE:USDP) announced the full operational status of its diluent recovery unit (DRU) at the Hardisty Energy Terminal, commencing shipments of DRUbit™ by Rail™. This 50/50 joint venture with Gibson Energy enhances capacity and efficiency, supporting future expansions. DRU technology reduces carbon emissions by 20% compared to dilbit by rail, supporting environmental goals. The Partnership aims to secure long-term contracts with producers and refiners, reinforcing its market position. Websites for USD and the Partnership have been updated with project information.
USD Partners LP (NYSE: USDP) reported its Q3 2021 results, showing Net Cash from Operations of $11.0 million and Adjusted EBITDA of $12.3 million. The Partnership's Net Income was $3.8 million and it amended its revolving credit agreement to extend maturity to November 2, 2023. The quarterly cash distribution increased to $0.1185 per unit, with over 3.0x Distributable Cash Flow Coverage. However, Net Cash from Operations decreased by 34% year-over-year due to lower revenue from the Stroud terminal and higher operating costs. The Partnership remains compliant with its financial covenants.
USD Partners LP (NYSE: USDP) announced a quarterly cash distribution of
The Partnership will release its Q3 financial results on
USD Partners LP (NYSE:USDP) announces an updated investor presentation to be available by September 22, 2021. The presentation will highlight the Partnership's operations and the positive impact of its Sponsor's Diluent Recovery Unit project. It will also provide insights into Western Canadian crude oil market activities. The Partnership has a strong business model based on multi-year contracts with reputable clients, focusing on midstream infrastructure for crude oil and biofuels logistics.
