---
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"
generated_at: "2026-06-18T18:02:05.468409+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USD Partners Q4 net loss $3.2M; credit facility amended, expires Nov 2023

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001610682-23-000022
- JSON: https://secwatch.observer/filing/0001610682-23-000022.json
- Plain text: https://secwatch.observer/filing/0001610682-23-000022.txt

## Key facts
- Earnings Releases
  USD Partners LP reported fourth quarter of 2022 results: net income $3.2 million.
  - Period: fourth quarter of 2022
  - Net income: $3.2 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1610682/000161068223000022/0001610682-23-000022-index.htm

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