USD Partners LP (USDP) Reports Q3 Revenues Miss

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Go back to USD Partners LP (USDP) Reports Q3 Revenues Miss

USD Partners LP Announces Third Quarter 2020 Results

November 4, 2020 4:31 PM EST

HOUSTON--(BUSINESS WIRE)-- USD Partners LP (NYSE: USDP) (the Partnership) announced today its operating and financial results for the three and nine months ended September 30, 2020. Financial highlights with respect to the third quarter of 2020 include the following:

Generated Net Cash Provided by Operating Activities of $16.6 million, Adjusted EBITDA(1) of $15.6 million and Distributable Cash Flow(1) of $13.6 million Reported Net Income of $6.2 million Declared a quarterly cash distribution of $0.111 per unit ($0.444 per unit on an annualized basis) with almost 4.5x Distributable Cash Flow Coverage

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