USD Partners LP (USDP) Posts Q1 Revenue of $30M

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Go back to USD Partners LP (USDP) Posts Q1 Revenue of $30M

USD Partners LP Announces First Quarter 2022 Results

May 4, 2022 4:19 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, 2022. Financial highlights with respect to the first quarter of 2022 include the following:

Generated Net Cash Provided by Operating Activities of $10.7 million, Adjusted EBITDA(1) of $10.0 million and Distributable Cash Flow(1) of $8.4 million Reported Net Income of $9.0 million Declared a quarterly cash distribution of $0.1235 per unit ($0.494 per unit on an annualized basis) with approximately 2.4x Distributable Cash Flow Coverage(2)

We are pleased to announce... More