secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001610682-23-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USDP Q2 net income $4.6M, EBITDA down 50%, NYSE non-compliance, distribution suspended
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- Net income of $4.6M vs $3.8M prior year; Adjusted EBITDA of $5.8M, down 50% YoY.
- Received NYSE non-compliance notice for unit price below $1.00; six-month cure period.
- Quarterly distribution remains suspended; credit agreement forbearance until Oct 10, 2023.
- Cash and undrawn capacity ~$12M as of June 30; $195.9M drawn on $275M facility.
- New three-month trial terminalling agreement at Stroud Terminal for waxy crude from Uinta Basin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000034/0001610682-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000034/usdp-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001610682-23-000034

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