An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
USD Partners LP (NYSE: USDP) will report its first quarter 2023 financial and operational results on May 3, 2023, after market close, providing details on quarterly distributions as well. A conference call is planned for May 4, 2023, at 11:00 AM Eastern Time to discuss these results. USD Partners operates midstream infrastructure primarily through fee-based contracts, focusing on crude oil and biofuels. Their assets include a network of crude oil terminals aiding in the transport of heavy crude oil from Western Canada across North America. USD's growth strategy includes developing logistics solutions in key regions, highlighted by their ongoing project on the Houston Ship Channel. The press release also includes cautionary notes on forward-looking statements, emphasizing potential risks such as crude oil production levels and market volatility.
Positive
Partnership expected to provide quarterly distribution details, indicating financial activity.
Focus on growth-oriented midstream infrastructure with multi-year contracts, enhancing revenue stability.
Development project on the Houston Ship Channel may provide future operational advantages.
Negative
Forward-looking statements indicate risks related to crude oil production and market volatility.
Potential uncertainty in customer agreement renewals could impact future cash flows.
HOUSTON--(BUSINESS WIRE)--
USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Partnership plans to report first quarter 2023 financial and operating results after market close on Wednesday, May 3, 2023. The Partnership also expects to provide information regarding the quarterly distribution for the first quarter 2023 at that time.
The Partnership will host a conference call and webcast regarding first quarter 2023 results at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, May 4, 2023. To listen live over the Internet, participants are advised to log on to the Partnership’s website at www.usdpartners.com and select the “Events & Presentations” sub-tab under the “Investors” tab. To join via telephone, participants may dial (800) 343-4849 domestically or +1 (203) 518-9783 internationally, conference ID 4524071. Participants are advised to dial in at least five minutes prior to the call.
An audio replay of the conference call will be available for thirty days by dialing (888) 566-0152 domestically or +1 (402) 220-9186 internationally, conference ID 4524071. In addition, a replay of the audio webcast will be available by accessing the Partnership's website after the call is concluded.
About USD Partners LP
USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USD”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies, refiners and marketers. The Partnership’s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership’s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.
USD, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USD’s solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USD is currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com. Information on websites referenced in this release is not part of this release.
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to the timing of announcements by the Partnership. Words and phrases such as “expect,” “plan,” “intend,” “will,” “anticipates,” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management’s expectations, estimates and projections about the Partnership, its interests and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include crude oil production levels, Canadian storage utilization levels, our ability to continue as a going concern, the impact of world health events, epidemics and pandemics, changes in general economic conditions and commodity prices, the Partnership’s ability to renew, extend or replace customer agreements on favorable terms, if at all, the Partnership’s ability and election to pay any cash distributions to its unitholders, and the Partnership’s ability comply with the terms of its senior secured credit facility and obtain any necessary waivers thereunder, as well as those factors set forth under the heading “Risk Factors” and elsewhere in the Partnership’s most recent Annual Report on Form 10-K and in the Partnership’s subsequent filings with the Securities and Exchange Commission (many of which may be amplified by the COVID-19 pandemic and the volatility in demand for and prices of crude oil, natural gas and natural gas liquids). The Partnership is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
