USD Partners LP (USDP) Reports Q2 Revenues Miss

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Go back to USD Partners LP (USDP) Reports Q2 Revenues Miss

USD Partners LP Announces Second Quarter 2018 Results

August 6, 2018 4:54 PM EDT

HOUSTON--(BUSINESS WIRE)-- USD Partners LP (NYSE: USDP) (the Partnership) announced today its operating and financial results for the three and six months ended June 30, 2018. Financial highlights with respect to the second quarter of 2018 include the following:

Generated Net Cash Provided by Operating Activities of $11.5 million, Adjusted EBITDA of $15.0 million and Distributable Cash Flow of $12.2 million Reported Net Income of $6.7 million Increased quarterly cash distribution to $0.3550 per unit ($1.42 per unit on an annualized basis), representing an increase of 4.4% over the second quarter of 2017... More