{"schema_version":"secwatch.filing_event.v1","accession":"0001610682-23-000027","form_type":"8-K","ticker":"USDP","cik":"0001610682","company_name":"USD Partners LP","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.659311+00:00","generated_at":"2026-06-16T01:06:22.395452+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"USDP Q1 net income $2M, DCF negative; distribution suspended, Casper terminal sold for $33M","bullets":["Net income of $2.0M, down from $7.5M YoY; Adjusted EBITDA $3.3M (down 67%); DCF negative ($1.6M).","Closed sale of Casper Terminal for $33M cash on March 31, 2023; used $19.1M to repay credit facility.","Board suspended quarterly distribution to preserve liquidity; exploring strategic alternatives.","Senior secured credit facility matures Nov 2, 2023; had $195.9M outstanding as of April 30, 2023.","Revenue decline driven by reduced Hardisty Terminal contracted capacity and Stroud contract expiration."],"urls":{"canonical":"https://secwatch.observer/filing/0001610682-23-000027","json":"https://secwatch.observer/filing/0001610682-23-000027.json","markdown":"https://secwatch.observer/filing/0001610682-23-000027.md","text":"https://secwatch.observer/filing/0001610682-23-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1610682/000161068223000027/0001610682-23-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1610682/000161068223000027/usdp-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T01:06:22.395452+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":"b358cef6de7e0841e17cc53cf69a9df2249e41de","claim":"USD Partners LP reported financial results for three months ended March 31, 2023.","evidence_excerpt":"On May 3, 2023, USD Partners LP (the “Partnership”) issued a press release announcing its operating and financial results for the three months ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1610682/000161068223000027/0001610682-23-000027-index.htm","confidence":0.8,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"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"}