---
schema_version: "secwatch.filing_event.v1"
accession: "0001610682-22-000028"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:44:20.514148+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# USDP Q1 net income $9M, DCF down 33% YoY; closes Hardisty South acquisition

## Summary
- Net income of $9.0M; Adjusted EBITDA $10.0M; DCF $8.4M; cash distribution raised to $0.1235/unit (2.1% increase).
- Hardisty South acquisition closed April 6 for $75M cash + 5.75M common units; funded with credit facility draw.
- Revenue lower at Stroud and Casper terminals; West Colton partially offset; operating costs rose YoY.
- Expects $2.0–$2.5M additional transaction expenses in Q2 2022.
- As of May 2, outstanding debt $238M on $275M revolver; borrowing capacity limited to 5.0x EBITDA through Dec 2022.

## SEC filing metadata
- accession: 0001610682-22-000028
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000161068222000028/0001610682-22-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000161068222000028/usdp-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001610682-22-000028
- JSON: https://secwatch.observer/filing/0001610682-22-000028.json
- Plain text: https://secwatch.observer/filing/0001610682-22-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.