USD Partners LP (USDP) Tops Q3 Revenue Estimates

USD Partners LP (NYSE: USDP) reported Q3 EPS of $. Revenue for the quarter came in at $28.98 million versus the consensus estimate of $25.87 million.

• Completed Stroud terminal retrofit activities on time and under the Partnership’s initial budget, resulting in the commencement of operations on October 1, 2017
• Activity at the Hardisty terminal reached two-year highs during the quarter
• Generated Net cash provided by operating activities of $16.2 million, Adjusted EBITDA of $13.4 million and Distributable cash flow of $13.6 million
• Reported Net income of $6.4 million
• Increased quarterly cash distribution for tenth consecutive quarter to $0.345 per unit ($1.38 per unit annualized) while maintaining approximately 1.5x coverage
• Ended quarter with $206.8 million of available liquidity

For earnings history and earnings-related data on USD Partners LP (USDP) click here.

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