USDP News and Press, USD Partners LP representing limited partner interest From 03/03/23

Crude oil closed the week with a fourth straight winning session Friday on general market optimism about a Chinese economic recovery, after upbeat data on economic activity released earlier in the week helped set a positive tone. Activity in China's services sector in February expanded at the...

Summary USD Partners suffered a considerable setback during 2022 as several important contracts expired with no tangible progress replacing these so far. Whilst their operating cash flow looked surprisingly good during the fourth quarter of 2022, this was due to derivative settlements. ...

USD Partners LP (NYSE: USDP) (the “Partnership”) today announced that the Partnership filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (“SEC”). The Partnership’s Annual Report on F...

USD Partners LP (USDP) Q4 2022 Earnings Conference Call March 02, 2023, 11:00 ET Company Participants Jennifer Waller - Associate Director, Financial Reporting & IR Daniel Borgen - Chairman, CEO & President Adam Altsuler - EVP, CFO & Principal Accounting Of...

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 Ope...

On January 31, 2023, USD Partners LP (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the ...

Summary Energy equities shook off declining commodity prices to end the week with a gain. Low-quality names caught a bid from the "risk-on" trade. Natural gas-weighted names underperformed as the commodity plunged 10%. Energy Income Performance The S&P 500 surged 2...

USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Board of Directors of its general partner declared a quarterly cash distribution of $0.1235 per unit for the fourth quarter of 2022 ($0.494 per unit on an annualized basis), the same amount as distributed in t...

Summary Commodity-exposed energy names significantly outperformed during the week. Various names have either broken out or are on the verge of breaking out to 52-week highs. We see this week's trends continuing in 2023 given our bullish oil-price outlook. Energy Income Per...

Summary Despite what seemed like a positive start to 2022, it was not coming together as expected for USD Partners following the second quarter. They saw important contracts end without having already lined up new ones, thereby leaving a sizeable hole in their financial performanc...