USD Partners LP (USDP) Reports Q1 Revenues Miss

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Go back to USD Partners LP (USDP) Reports Q1 Revenues Miss

USD Partners LP Announces First Quarter 2021 Results

May 5, 2021 4:41 PM EDT

HOUSTON--(BUSINESS WIRE)-- USD Partners LP (NYSE: USDP) (the Partnership) announced today its operating and financial results for the three months ended March 31, 2021. Financial highlights with respect to the first quarter of 2021 include the following:

Generated Net Cash Provided by Operating Activities of $12.6 million, Adjusted EBITDA(1) of $14.6 million and Distributable Cash Flow(1) of $12.5 million Reported Net Income of $7.3 million Increased quarterly cash distribution to $0.1135 per unit ($0.454 per unit on an annualized basis) with approximately 4.0x Distributable Cash Flow Coverage(2) Announced that Management intends... More