USD Partners LP (USDP) Reports Q4 Revenues Miss
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USD Partners LP Announces Fourth Quarter and Full Year 2020 Results
March 3, 2021 4:29 PM ESTHOUSTON--(BUSINESS WIRE)-- USD Partners LP (NYSE: USDP) (the Partnership) announced today its operating and financial results for the three months and year ended December 31, 2020. Financial highlights with respect to the fourth quarter of 2020 include the following:
Generated Net Cash Provided by Operating Activities of $12.1 million, Adjusted EBITDA(1) of $14.9 million and Distributable Cash Flow(1) of $12.9 million Reported Net Income of $6.5 million Declared a quarterly cash distribution of $0.111 per unit ($0.444 per unit on an annualized basis) with almost 4.3x Distributable Cash Flow Coverage(2)We are pleased... More
