secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001610682-21-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000161068221000037/0001610682-21-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000161068221000037/usdp-20210804.htm
  HTML page:      https://secwatch.observer/filing/0001610682-21-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer