USD Partners LP (USDP) Reports Q2 Revenues Miss

USD Partners LP (NYSE: USDP) reported Q2 revenue for the quarter came in at $29.58 million versus the consensus estimate of $31.13 million.

“We are proud to announce another successful quarter at the Partnership. During the quarter, the Partnership announced the execution of an early extension with one of its investment grade customers at the Hardisty Terminal as well as the thirteenth consecutive increase of its quarterly distribution, which was supported by strong distribution coverage of approximately 1.3x,” said Dan Borgen, the Partnership’s Chief Executive Officer. “Our customers’ interest in negotiating extended, long-term commitments at Hardisty well in advance of their existing contract expirations strongly validates our strategic commercial vision, and we look forward to updating the market with continued progress in the near future.”

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

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