USD Partners declares Q4 distribution of $0.1235/unit; sponsor waives $2.1M distribution to support liquidity

USD Partners LP

Quarterly cash distribution of $0.1235/unit ($0.494 annualized) payable Feb 17, 2023 to holders of record Feb 8, 2023; unchanged from prior quarter.
Sponsor USD Group LLC waives Q4 distribution on its 17.3M units, reducing cash outlay by approx $2.1M to support liquidity.
Q4 and full-year 2022 results to be reported after market close on March 1, 2023; conference call on March 2, 2023.
CEO cites Canadian heavy crude production exceeding pipeline egress, expects assets well-positioned for contract renewals.

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