{"schema_version":"secwatch.filing_event.v1","accession":"0001610682-23-000022","form_type":"8-K","ticker":"USDP","cik":"0001610682","company_name":"USD Partners LP","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.820350+00:00","generated_at":"2026-06-18T18:02:05.468409+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"USD Partners Q4 net loss $3.2M; credit facility amended, expires Nov 2023","bullets":["Q4 2022 net loss of $3.2M vs net income of $4.3M in Q4 2021; Adjusted EBITDA $13.3M, DCF $9.6M.","Revenue declined on lower contracted capacity at Hardisty terminal, Stroud contract end, and lower Casper throughput.","Quarterly distribution unchanged at $0.1235/unit; sponsor waived distribution on its 17.3M units, saving ~$2.1M.","Jan 2023 credit facility amendment provides relief from leverage and interest coverage covenants; facility matures Nov 2, 2023.","Borrowing capacity limited to 5.0x trailing EBITDA through Dec 2022; $55.5M available as of Dec 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001610682-23-000022","json":"https://secwatch.observer/filing/0001610682-23-000022.json","markdown":"https://secwatch.observer/filing/0001610682-23-000022.md","text":"https://secwatch.observer/filing/0001610682-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1610682/000161068223000022/0001610682-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1610682/000161068223000022/usdp-20230301.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T18:02:05.468409+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"855ee6916d9a6051214db1dbd4d512b34442b82a","claim":"USD Partners LP reported fourth quarter of 2022 results: net income $3.2 million.","evidence_excerpt":"ial highlights with respect to the fourth quarter of 2022 include the following: • Generated Net Cash Provided by Operating Activities of $8.3 million, Adjusted EBITDA (1) of $13.3 million and Distributable Cash Flow (1) of $9.6 million • Reported Net Loss of $3.2 million • Declared a quarterly cash distribution of $0.1235 per unit ($0.494 per unit on an annualized basis) • Announced that its sponsor (the “Sponsor”) will waive the fourth quarter distribution on all of its 17.3 million units, reducing this quarterly distribution by approximately $2.1 million “The underlying economics that support our DRUbitTM by RailTM network were positive in 2022 and improved significantly in the fourth quarter of the year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1610682/000161068223000022/0001610682-23-000022-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of 2022"},{"label":"Net income","value":"$3.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}