USD Partners LP (USDP) Reports Q3 Net Income of $3.8M

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Go back to USD Partners LP (USDP) Reports Q3 Net Income of $3.8M

USD Partners LP Announces Third Quarter 2021 Results

November 2, 2021 4:33 PM EDT

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, 2021. Financial highlights with respect to the third quarter of 2021 include the following:

Generated Net Cash Provided by Operating Activities of $11.0 million, Adjusted EBITDA(1) of $12.3 million and Distributable Cash Flow(1) of $10.7 million Reported Net Income of $3.8 million Amended and extended existing revolving credit agreement, extending the maturity date by one year to November 2, 2023 Increased quarterly cash distribution to $0.1185 per unit ($0.474 per... More