USD Partners LP (USDP) Reports Q2 EPS of $0.00

USD Partners LP (NYSE: USDP) reported Q2 revenue of $30.99 million versus the consensus estimate of $34.19 million.

• Generated Net Cash Provided by Operating Activities of $14.1 million, Adjusted EBITDA(1) of $16.3 million and Distributable Cash Flow(1) of $14.4 million
• Reported Net Income of $6.7 million
• Increased quarterly cash distribution to $0.116 per unit ($0.464 per unit on an annualized basis) with over 4.0x Distributable Cash Flow Coverage(2)
• Announced West Colton Renewable Diesel project and new terminalling services agreement that once operational is expected to generate approximately $2.0 million per year of Adjusted EBITDA(3) over the five-year term of the agreement for the Partnership.

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

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