USD Partners (NYSE:USDP) reported quarterly sales of $19.47 million which missed the analyst consensus estimate of $21.40 million by 9.01 percent. This is a 42.29 percent decrease over sales of $33.74 million the same period last year.
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144 - USD Partners LP (0001610682) (Subject)
15-12G - USD Partners LP (0001610682) (Filer)
S-8 POS - USD Partners LP (0001610682) (Filer)
3 - USD Partners LP (0001610682) (Issuer)
3 - USD Partners LP (0001610682) (Issuer)
4 - USD Partners LP (0001610682) (Issuer)
As previously announced, USD Partners LP (OTC:USDP) (the "Partnership") sold its last remaining operating asset, ceased operations and announced its intention to cancel the equity of the Partnership following termination of its credit facility. The Partnership has taken affirmative steps to wind down and liquidate, and the Partnership has submitted a request to the Financial Industry Regulatory Authority (FINRA) to halt trading of the remaining Partnership equity. The Partnership expects these actions to be completed as early as January 1, 2026, although a firm date has not been determined. The Partnership's unitholders will not receive any payments or distributions from the Partnership upo
USD Partners LP (OTC:USDP) ("we" and the "Partnership") announced today that the Partnership completed the sale of the Hardisty Rail Terminal, the Partnership's last remaining operating asset. The Partnership became obligated to sell the Hardisty Rail Terminal by the lenders under the Partnership's revolving credit facility as a condition to entering into a forbearance agreement, pursuant to which the lenders agreed to forbear from exercising any rights or remedies arising from certain events of default and certain prospective events of default related to the Partnership's failure to satisfy certain milestones under the revolving credit facility (the "Forbearance Agreement"). The sale of t
USD Partners LP (OTC:USDP) (the "Partnership") today announced that the Partnership has posted its annual unaudited financial statements and annual OTC Disclosure Statement for the year ended December 31, 2024, on its website. The Partnership's financial and disclosure statements are available through its website at www.usdpartners.com by selecting the "Financials" sub-tab under the "Investors" tab. About USD Partners LP USD Partners LP is a fee-based 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 Part
USD Partners LP (NYSE:USDP) (the "Partnership") announced today its operating and financial results for the three months ended March 31, 2023. Financial highlights with respect to the first quarter of 2023 include the following: Closed on the sale of the Casper Terminal to a third party for $33.0 million in cash, subject to customary adjustments Generated Net Income of $2.0 million Reported Net Cash Used in Operating Activities of $0.6 million, Adjusted EBITDA(1) of $3.3 million and Distributable Cash Flow(1) of ($1.6) million "We were pleased to close on the sale of the Casper Terminal this quarter, as that was the first phase of our plan to secure the Partnership's liquidity p
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. T
USD Partners LP (NYSE:USDP) (the "Partnership") announced today its operating and financial results for the three months and year ended December 31, 2022. Financial highlights with respect to the fourth quarter of 2022 include the following: Generated Net Cash Provided by Operating Activities of $8.3 million, Adjusted EBITDA(1) of $13.3 million and Distributable Cash Flow(1) of $9.6 million Reported Net Loss of $3.2 million Declared a quarterly cash distribution of $0.1235 per unit ($0.494 per unit on an annualized basis) Announced that its sponsor (the "Sponsor") will waive the fourth quarter distribution on all of its 17.3 million units, reducing this quarterly distribution by app