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 2020 Results

August 5, 2020 4:47 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, 2020. Financial highlights with respect to the second quarter of 2020 include the following:

Generated Net Cash Provided by Operating Activities of $5.4 million, Adjusted EBITDA(1) of $12.8 million and Distributable Cash Flow(1) of $9.7 million Reported Net Income of $1.2 million Declared a quarterly cash distribution of $0.111 per unit ($0.444 per unit on an annualized basis) with over 3.0x Distributable Cash Flow Coverage

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