secwatch.observer — SEC 8-K summary
======================================

Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001610682-22-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000161068222000028/0001610682-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000161068222000028/usdp-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001610682-22-000028

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