secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001610682-22-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USDP Q4 net income $3.6M, DCF $10.7M, distribution raised 2.1%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000161068222000022/0001610682-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000161068222000022/usdp-20220302.htm
  HTML page:      https://secwatch.observer/filing/0001610682-22-000022

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