USD Partners LP Announces Fourth Quarter and Full Year 2019 Results
USD PARTNERS LP (USDP)
US:NYSE Investor Relations:
investor.usdpartners.com
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the “Partnership”) announced today its operating and financial results for the three and twelve months ended December 31, 2019. Financial highlights with respect to the fourth quarter of 2019 include the following:Generated Net Cash Provided by Operating Activities of $4.3 million, Adjusted EBITDA(1) of $12.8 million and Distributable Cash Flow(1) of $9.5 millionReported Net Income of $2.1 millionIncreased quarterly cash distribution to $0.37 per unit ($1.48 per unit on an annualized basis), delivering distribution growth of 0.7% over the prior quarter and 2.8% over the fourth quarter of 2018“2019 was another successful year for the Partnership,” said Dan Borgen, the Partnership’s Chief Executive Officer. “We announced our nineteenth consecutive quarterly distribution increase this quarter and recently renewed and extended the remaining customer at Hardisty and Stroud on a multi-year basis. Additionally, our Sponsor’s parent
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- USD Partners LP (NYSE: USDP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- USD Partners LP (NYSE: USDP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- USD Partners LP (NYSE: USDP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- USD Partners LP (NYSE: USDP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- USD Partners LP (NYSE: USDP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat