M&A
confidence high
sentiment neutral
materiality 0.45
USD Partners LP provides audited FY2021/2020 financials for acquired Hardisty South Terminal
USD Partners LP
- Acquired entity's 2021 revenue $90.5M (up from $58.3M in 2020); net income $1.5M (up from $0.5M).
- Total assets $29.8M; long-term debt net $1.4M plus current portion $4.3M; member's equity $2.8M.
- Amendment to 8-K filed April 6, 2022, includes audited financial statements of USD Netherlands Coöperatief U.A. for 2021/2020.
- Hardisty South terminal operates under multi-year take-or-pay contracts; substantially all contracted capacity.