USDP Q3 2023 net loss $2.8M; credit facility matured, forbearance extended to Nov 17

USD Partners LP

Net loss of $2.8M; Adjusted EBITDA $2.0M; Distributable Cash Flow $0.3M.
Quarterly distribution remains suspended; amendment prohibits distributions without lender consent.
Credit facility matured Nov 2; forbearance through Nov 17 under November Letter Agreement.
NYSE delisting risk: avg market cap ~$16.5M (below $15M threshold) and unit price $0.3996.
Stroud Terminal trial extended through Jan 2024; longer-term deal possible.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

USD Partners LP reported three and nine months ended September 30, 2023 results: net income $2.8 million.

Period: three and nine months ended September 30, 2023
Net income: $2.8 million
Result: reported results

Exact text from the filing

USD Partners LP (the “Partnership”) issued a press release announcing its operating and financial results for the three and nine months ended September 30, 2023.

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USD Partners LP filing history →

Source: SEC EDGAR

accession 0001610682-23-000042

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