USDP Q2 net income $6.7M; distribution raised 2.2%; new renewable diesel project

USD Partners LP

Adjusted EBITDA $16.3M, DCF $14.4M; Net cash from ops $14.1M (up 160% YoY).
Quarterly distribution raised to $0.116/unit ($0.464 annualized), 2.2% increase over Q1 2021.
West Colton Renewable Diesel project expected to generate ~$2M/yr Adjusted EBITDA over 5-yr term.
Sponsor's Diluent Recovery Unit completed July; Port Arthur terminal start-up begun.
Revolving credit balance reduced by $45M since Q1 2020; $100M liquidity as of June 30.

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