---
schema_version: "secwatch.filing_event.v1"
accession: "0001610682-22-000035"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T05:12:09.000262+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# USDP Q2: Net income $3.8M, DCF $10.2M; closed Hardisty South acquisition; distribution held at $0.1235/unit

## Summary
- Closed Hardisty South acquisition for $75M cash + 5.75M common units; eliminated IDRs and economic GP interest.
- Net income $3.8M; Adjusted EBITDA $11.6M, DCF $10.2M; Adjusted EBITDA and DCF down 29% YoY.
- Quarterly distribution $0.1235/unit ($0.494/yr) unchanged; payable Aug 12 to record Aug 3.
- ~26% of Hardisty capacity and Stroud contracts expired end-June; management expects renewals in H2 2022.
- Liquidity: $4.3M cash, $43M undrawn on $275M credit facility; new $175M SOFR interest rate swap at 2.686%.

## SEC filing metadata
- accession: 0001610682-22-000035
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610682/000161068222000035/0001610682-22-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000161068222000035/usdp-20220803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001610682-22-000035
- JSON: https://secwatch.observer/filing/0001610682-22-000035.json
- Plain text: https://secwatch.observer/filing/0001610682-22-000035.txt

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