earnings
confidence high
sentiment neutral
materiality 0.60
USDP Q4 net income $3.6M, DCF $10.7M, distribution raised 2.1%
USD Partners LP
- Q4 2021 net income $3.6M; net cash from ops $9.4M; adjusted EBITDA $11.9M; distributable cash flow $10.7M.
- DCF coverage 3.2x; quarterly distribution $0.121/unit ($0.484 annualized), paid Feb 18, up 2.1% from Q3.
- Stroud terminal revenue fell as customer reduced volume commitment by one-third effective Aug 2021.
- Cash $3.7M; $168M drawn on $275M credit facility; revolver reduced $56M since Q1 2020.