USD Partners LP Announces Second Quarter 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 six months ended June 30, 2019. Financial highlights with respect to the second quarter of 2019 include the following:Generated Net Cash Provided by Operating Activities of $9.3 million, Adjusted EBITDA(1) of $12.2 million and Distributable Cash Flow(1) of $8.8 millionReported Net Income of $1.0 millionIncreased quarterly cash distribution to $0.3650 per unit ($1.46 per unit on an annualized basis), delivering distribution growth of 0.7% over the prior quarter and 2.8% over the second quarter of 2018Ended quarter with approximately $175 million of available liquidity, subject to continued compliance with financial covenants“We are excited to announce the successful execution of multi-year contract extensions at both our Hardisty and Stroud terminals with one of the Partnership’s investment grade customers as well as the seventeenth consec
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