---
schema_version: "secwatch.filing_event.v1"
accession: "0001610682-22-000046"
form_type: "8-K"
ticker: "USDP"
cik: "0001610682"
company_name: "USD Partners LP"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:29:22.317875+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# USD Partners LP Q3 net loss $69.4M on impairment; DCF down 11%, distribution unchanged

## Summary
- Net loss of $69.4M driven by non-cash impairment of intangible/long-lived assets at Casper terminal.
- Adjusted EBITDA of $12.3M; Distributable Cash Flow of $9.6M, down 11% YoY.
- Revenue declined due to expiration of contracts at Hardisty (26% capacity) and Stroud terminals in June 2022.
- Declared quarterly distribution of $0.1235/unit (annualized $0.494), unchanged from prior quarter.
- Credit facility expires Nov 2023; post-quarter settled interest rate swap for $9M, entered new 5-year SOFR swap at 3.956%.

## SEC filing metadata
- accession: 0001610682-22-000046
- form_type: 8-K
- ticker: USDP
- cik: 0001610682
- company_name: USD Partners LP
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1610682/000161068222000046/0001610682-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610682/000161068222000046/usdp-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001610682-22-000046
- JSON: https://secwatch.observer/filing/0001610682-22-000046.json
- Plain text: https://secwatch.observer/filing/0001610682-22-000046.txt

## Key facts
- Earnings Releases
  USD Partners LP reported financial results for the three and nine months ended September 30, 2022.
  - Period: the three and nine months ended September 30, 2022
  - Result: reported results
  source text: On November 1, 2022, USD Partners LP (the “Partnership”) issued a press release announcing its operating and financial results for the three and nine months ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610682/000161068222000046/0001610682-22-000046-index.htm

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