On April 26, 2019, USD Partners LP (the Partnership) issued a press release announcing that the board of directors of USD Partners GP LLC, acting in its capacity as the general partner of the Partnership, declared a quarterly cash distribution of $0.3625 per unit for the first quarter of 2019 ($1.45 per unit on an annualized basis), representing an increase of $0.0025 per unit or 0.7% over the prior quarter and 2.8% over the first quarter of 2018. The distribution is payable on May 15, 2019, to unitholders of record at the close of business on May 7, 2019.

First Quarter 2019 Earnings Release Date and Conference Call Information

The Partnership also announced that it plans to report first quarter 2019 financial and operating results after market close on Monday, May 6, 2019. The Partnership will host a conference call and webcast regarding its first quarter 2019 results at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Tuesday, May 7, 2019. Information on how to access the conference call and webcast can be found in the press release and will also be posted to the Partnerships website at www.usdpartners.com in the Investors tab and the Events and Presentations sub-tab.

Information on our website is not incorporated by reference in this Current Report on Form 8-K. A copy of the Press Release is attached hereto as Exhibit 99.1. The information in this report and the exhibit attached to this report are not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities of that Section, and are not incorporated by reference into any registration statement or other filing under the Securities Act of 1933 (the Securities Act) or the Exchange Act, unless the Partnership expressly states that such information is considered to be filed under the Exchange Act or incorporates such information by specific reference in a Securities Act or Exchange Act filing.

(d) Exhibits

99.1 Press release of USD Partners LP dated April 26, 2019.

USD Partners LP Exhibit
EX-99.1 2 ex991q12019distpressrelease.htm EXHIBIT 99.1 DISTRIBUTION PRESS RELEASE Exhibit Exhibit 99.1April 26,…
To view the full exhibit click here

About USD Partners LP (NYSE:USDP)

USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services. Its Terminalling services segment consists operations of Hardisty terminal, Casper terminal and Ethanol terminals. The Fleet services segment provides railcars and fleet services related to the transportation of liquid hydrocarbons and biofuels by rail. Its fleet consists of approximately 3,310 railcars, which it leased from various railcar manufacturers and financial entities. The Company’s principal assets consist of a crude oil origination terminal in Hardisty, Alberta, Canada; a crude oil terminal in Casper, Wyoming, and two unit train-capable ethanol destination terminals in San Antonio, Texas and West Colton, California.