USD Partners LP Announces Third Quarter 2023 Results
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces Third Quarter 2023 Results.
- 11/07/2023
|
USD Partners Announces Waiver Extension Agreement Under Credit Agreement
- HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that it has entered into an agreement (the “Waiver Extension Agreement”) with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced amendment to the Credit Agreement, dated as of August 8, 2023, from its original expiration date of October 10, 2023 to November 3, 2023 (the “New Expiration Date”.
- 10/09/2023
|
USD Partners LP Announces Second Quarter 2023 Results
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces Second Quarter 2023 Results.
- 08/08/2023
|
3 Railroad Stocks to Watch Amid the Industry Weakness
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CSX and USDP, which investors might consider keeping on their radar.
- 08/04/2023
|
USD Partners LP Receives Continued Listing Standard Notice from the NYSE
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Receives Continued Listing Standard Notice from the NYSE.
- 07/26/2023
|
USD Partners LP (USDP) Q1 2023 Earnings Call Transcript
- USD Partners LP (NYSE:USDP ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Jennifer Waller - Investor Relations Dan Borgen - Chief Executive Officer Adam Altsuler - Chief Financial Officer Brad Sanders - Chief Commercial Officer Josh Ruple - Chief Operating Officer Conference Call Participants Kyle May - Sidoti & Company Operator Ladies and gentlemen, thank you for standing by and welcome to the USD Partners LP First Quarter 2023 Results Conference Call. [Operator Instructions] It is now my pleasure to turn the call over to Jennifer Waller, Senior Director of Financial Reporting and Investor Relations for opening remarks.
- 05/07/2023
|
USD Partners LP Announces First Quarter 2023 Results
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces First Quarter 2023 Results.
- 05/03/2023
|
U.S. Zombie Firms With The Highest Potential Credit Risks
- The Federal Reserve commissioned a study in 2021 to evaluate, "How Many U.S. Zombie Firms and How Consequential?" In the wake of the largest banking collapses since 2008, this article evaluates which firms may most be at risk from a credit event.
- 03/15/2023
|
USD Partners LP (USDP) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
- USD Partners LP (USDP) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
- 03/08/2023
|
USD Partners LP (USDP) Loses -31.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
- The heavy selling pressure might have exhausted for USD Partners LP (USDP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 03/07/2023
|
USD Partners: I Fear Something Bad Might Be Coming
- 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.
- 03/02/2023
|
USD Partners LP Announces Annual Report on Form 10-K for the Year Ended December 31, 2022, and 2022 Schedule K-1 Availability
- HOUSTON--(BUSINESS WIRE)--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 Form 10-K is available through its website at www.usdpartners.com by selecting the “SEC Filings” sub-tab under the “Investors” tab, as well as on the SEC's website at www.sec.gov.
- 03/02/2023
|
USD Partners LP Announces Fourth Quarter and Full Year 2022 Results
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces Fourth Quarter and Full Year 2022 Results
- 03/01/2023
|
USD Partners Announces Quarterly Distribution and its Fourth Quarter 2022 and Full Year 2022 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--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 the prior quarter. The Partnership also announced that its Sponsor will waive the fourth quarter distribution on all of its 17.3 million units, reducing this quarterly distribution by approximately $2.1 million. The distribution is payable on February 17, 2023, to unitholders of record at the close of business on February 8, 2023. “Despite recent volatility in global crude oil markets, we continue to project future heavy crude oil production in Western Canada will exceed pipeline egress alternatives,” said Dan Borgen, the Partnership’s Chief Executive Officer. “Canadian storage utilization levels are currently at the high end of historical averages and given the industry’s current expectations around growth in Canadian oil sands production in 2023, we believe the Partnership’s strategically located assets will be well-positioned to renew, extend or replace agreements that expired during 2022 and those that are set to expire this year. In order to support the Partnership’s current liquidity position, the Partnership’s Sponsor has decided to waive its right to the fourth quarter distribution on its 17.3 million units without impacting the distribution to the remaining unitholders.” Fourth Quarter 2022 Earnings Release Date and Conference Call Information The Partnership plans to report fourth quarter 2022 and full-year 2022 financial operating results after market close on Wednesday, March 1, 2023. The Partnership will host a conference call and webcast regarding fourth quarter 2022 results at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, March 2, 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) 225-9448 domestically or +1 (203) 518-9708 internationally, conference ID 8541298. 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 (800) 839-2391 domestically or +1 (402) 220-7205 internationally, conference ID 8541298. 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. Qualified Notice to Nominees This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that we believe that 100 percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to the amount and timing of the Partnership’s fourth quarter 2022 cash distribution, the ability of the Partnership and USD to achieve contract extensions, new customer agreements and expansions, and the terms and timing of such extensions, new customer agreements and expansions, if at all; industry conditions and outlook; and volumes at, and demand for, the Partnership’s terminals. Words and phrases such as “expect,” “plan,” “intent,” “believes,” “will,” “projects,” “anticipates,” “future” 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’s sponsor has made no commitment with respect to a waiver of distributions other than the distribution with respect to the fourth quarter of 2022. 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. Category: Earnings
- 01/26/2023
|
Energy Income Weekly: A Surging WTI Fuels The Risk-On Trade
- 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.
- 01/18/2023
|
USD Partners: Distributions Could Be Suspended In The Coming Months
- 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 performance.
- 11/14/2022
|
USD Partners Announces Quarterly Distribution and its Third Quarter 2022 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Quarterly Distribution and its Third Quarter 2022 Earnings Release Date
- 10/20/2022
|
Midstream Weekly Recap: Midstream Screams Higher With Energy Equities And Commodities
- This week saw energy equities trounce other stock sectors, with midstream gaining 3.9%. OPEC's production cut bolstered investor confidence that bullish oil fundamentals would be supported.
- 10/13/2022
|
USD Partners: 10.4% Dividend Yield, Weak Results, 6.6x P/E
- 10.4% dividend yield, three dividend hikes in the past year. Weak Q2 results with revenue down 63.0% YoY, EPS down 44.7% YoY.
- 09/08/2022
|
USD Partners to Attend 2022 Citi Investor Conference in Las Vegas
- HOUSTON--(BUSINESS WIRE)--USD Partners to Attend 2022 Citi Investor Conference in Las Vegas
- 08/15/2022
|
USD Partners LP (USDP) CEO Dan Borgen on Q2 2022 Results - Earnings Call Transcript
- USD Partners LP (NYSE:USDP ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Jennifer Waller - Senior Director, Financial Reporting and Investor Relations Dan Borgen - Chief Executive Officer Adam Altsuler - Chief Financial Officer Brad Sanders - Chief Commercial Officer Conference Call Participants Steve Ferazani - Sidoti Operator Ladies and gentlemen, thank you for standing by and welcome to the USD Partners LP Second Quarter 2022 Results Conference Call. At this time, all participants have been placed in a listen-only mode.
- 08/05/2022
|
USD Partners: Not Coming Together As Expected
- The first half of 2022 was disappointing for the unitholders of USD Partners, as they reported weaker than expected financial performance. They saw their results decrease by double-digit percentages across the board from operating cash flow to adjusted EBITDA.
- 08/05/2022
|
USDP or UNP: Which Is the Better Value Stock Right Now?
- USDP vs. UNP: Which Stock Is the Better Value Option?
- 08/04/2022
|
USD Partners Announces Quarterly Distribution and its Second Quarter 2022 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Quarterly Distribution and its Second Quarter 2022 Earnings Release Date
- 07/20/2022
|
USDP vs. UNP: Which Stock Is the Better Value Option?
- USDP vs. UNP: Which Stock Is the Better Value Option?
- 07/19/2022
|
USD Partners: IDRs Gone Forever, Short-Term Pain But Long-Term Gain
- The uneventful outlook for USD Partners did not last long with them recently announcing a relatively sizeable acquisition and the elimination of their IDRs. Their Hardisty South Terminal acquisition stands to boost their operating cash flow by around one-third versus their results during 2021.
- 05/16/2022
|
USD Partners to Attend 2022 EIC Investor Conference in West Palm Beach
- HOUSTON--(BUSINESS WIRE)--USD Partners to Attend 2022 EIC Investor Conference in West Palm Beach
- 05/13/2022
|
Best Income Stocks to Buy for May 10th
- GRIN, USDP, and MSBI made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 10, 2022.
- 05/10/2022
|
USD Partners LP (USDP) CEO Dan Borgen on Q1 2022 Results - Earnings Call Transcript
- USD Partners LP (NYSE:USDP ) Q1 2022 Results Conference Call May 5, 2022 11:00 AM ET Company Participants Jennifer Waller - Senior Director, Financial Reporting and IR Dan Borgen - CEO Adam Altsuler - CFO Brad Sanders - Chief Commercial Officer Josh Ruple - COO Conference Call Participants Steve Ferazani - Sidoti Operator Ladies and gentlemen, thank you for standing by and welcome to the USD Partners LP First Quarter 2022 Results Conference Call. [Operator Instructions] It is now my pleasure to turn the call over to Jennifer Waller, Senior Director of Financial Reporting and Investor Relations, for opening remarks.
- 05/07/2022
|
USDP or UNP: Which Is the Better Value Stock Right Now?
- USDP vs. UNP: Which Stock Is the Better Value Option?
- 05/04/2022
|
USD Partners Announces Quarterly Distribution Increase and its First Quarter 2022 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Quarterly Distribution Increase and its First Quarter 2022 Earnings Release Date
- 04/21/2022
|
USD Partners: Good Things Come In Small Packages
- We've just confessed that we started lightening-up on our energy exposure, due to an oversized allocation, not a change of opinion!
- 03/07/2022
|
USD Partners: Grab 3 More Distribution Hikes For 2022 For A No-Stress Near 9% Yield
- USD Partners put their distributions back into growth mode during 2021 and have forecast this to continue throughout 2022.
- 03/06/2022
|
USD Partners LP (USDP) CEO Dan Borgen on Q4 2021 Results - Earnings Call Transcript
- USD Partners LP (USDP) CEO Dan Borgen on Q4 2021 Results - Earnings Call Transcript
- 03/03/2022
|
USD Partners Announces Quarterly Distribution Increase and Its Fourth Quarter 2021 and Full Year 2021 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Quarterly Distribution Increase and its Fourth Quarter 2021 and Full Year 2021 Earnings Release Date
- 01/26/2022
|
USD Partners LP's (USDP) CEO Dan Borgen on Q3 2021 Results - Earnings Call Transcript
- USD Partners LP's (USDP) CEO Dan Borgen on Q3 2021 Results - Earnings Call Transcript
- 11/03/2021
|
USD Partners: 7% Dividend With Upside Potential
- USD's reported income loss last year was only on paper, due to an asset write-down. Their cash from operations remained in line with its pre-pandemic level and is improving this year.
- 11/01/2021
|
USD Partners Announces Quarterly Distribution Increase and its Third Quarter 2021 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Quarterly Distribution Increase and its Third Quarter 2021 Earnings Release Date
- 10/21/2021
|
USD Partners Issues Updated Investor Presentation
- HOUSTON--(BUSINESS WIRE)--USD Partners Issues Updated Investor Presentation
- 09/22/2021
|
USD Partners to Participate in Citi One-on-One Midstream / Energy Infrastructure Virtual Conference on August 19th and Issues Updated Investor Presentation
- HOUSTON--(BUSINESS WIRE)--USDP to Participate in Citi One-on-One Midstream / Energy Infrastructure Virtual Conference on August 19th and Issues Updated Investor Presentation
- 08/18/2021
|
USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Increased Connectivity at its Stroud Terminal at the Cushing Hub
- 08/16/2021
|
USD Partners: Full Price Recovery Coming, Catalyst In Sight
- USD Partners: Full Price Recovery Coming, Catalyst In Sight
- 08/15/2021
|
USD Partners' (USDP) CEO Dan Borgen on Q2 2021 Results - Earnings Call Transcript
- USD Partners' (USDP) CEO Dan Borgen on Q2 2021 Results - Earnings Call Transcript
- 08/08/2021
|
USD Partners LP Announces Second Quarter 2021 Results
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces Second Quarter 2021 Results
- 08/04/2021
|
USD Partners Announces Quarterly Distribution Increase and its Second Quarter 2021 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Quarterly Distribution Increase and its Second Quarter 2021 Earnings Release Date
- 07/21/2021
|
USD Partners Announces New Renewable Diesel Contract at West Colton Terminal and the Creation by US Development Group of USD Clean Fuels LLC to Provide Production and Logistics Solutions to Clean Energy Industry
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces New Renewable Diesel Contract at West Colton Terminal and the Creation by US Development Group of USD Clean Fuels LLC
- 06/28/2021
|
USD Partners to Attend 2021 EIC Investor Conference in Las Vegas
- HOUSTON--(BUSINESS WIRE)--USD Partners to Attend 2021 EIC Investor Conference in Las Vegas
- 05/17/2021
|
USD Partners: High Yield Back In Growth Mode, A 8% Yield Now But 20%+ Coming
- USD Partners: High Yield Back In Growth Mode, A 8% Yield Now But 20%+ Coming
- 05/14/2021
|
USD Partners LP (USDP) CEO Dan Borgen on Q1 2021 Results - Earnings Call Transcript
- USD Partners LP (USDP) CEO Dan Borgen on Q1 2021 Results - Earnings Call Transcript
- 05/09/2021
|
USD Partners LP Announces First Quarter 2021 Results
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces First Quarter 2021 Results
- 05/05/2021
|
USD Partners Announces Quarterly Distribution Increase, Full-Year Distribution Guidance and Its First Quarter 2021 Earnings Release Date
- HOUSTON--(BUSINESS WIRE)--USD Partners Announces Quarterly Distribution Increase, Full-Year Distribution Guidance and its First Quarter 2021 Earnings Release Date
- 04/22/2021
|
USD Partners LP Announces Annual Report on Form 10-K for the Year Ended December 31, 2020, and 2020 Schedule K-1 Availability
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces Annual Report on Form 10-K for the Year Ended December 31, 2020, and 2020 Schedule K-1 Availability
- 03/15/2021
|
USD Partners: The 8.50% Yield Looks Set To Grow Soon
- The crude oil by rail-focused USD Partners seems rather overlooked along with their sustainable high 8.50% distribution yield.
- 03/08/2021
|
USD Partners LP Announces Fourth Quarter and Full Year 2020 Results
- HOUSTON--(BUSINESS WIRE)--USD Partners LP Announces Fourth Quarter and Full Year 2020 Results
- 03/03/2021
|
3 Stocks That Could Represent Bargain Opportunities
- The three stocks listed below have underperformed the broader market recently. They are also in considerable financial distress, as represented by poor Altman Z-Scores, which indicate bankruptcy is possible within two years.
- 02/02/2021
|
USD Partners: Small And Overlooked With A Very High Yield
- USD Partners: Small And Overlooked With A Very High Yield
- 12/14/2020
|
Is USD Partners LP (USDP) A Good Stock To Buy?
- In this article we will take a look at whether hedge funds think USD Partners LP (NYSE:USDP) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
- 11/26/2020
|
USD Partners LP (USDP) CEO Daniel Borgen on Q3 2020 Results - Earnings Call Transcript
- USD Partners LP (USDP) CEO Daniel Borgen on Q3 2020 Results - Earnings Call Transcript
- 11/07/2020
|
