USD Partners LP (NYSE:USDP) Files An 8-K Regulation FD Disclosure
Item 7.01
Quarterly Cash Distribution
On April 23, 2020, 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 $0.111 per unit for the first quarter of 2020 ($0.444 per unit on an annualized basis), representing a 70% decrease from the prior quarter’s distribution. The distribution is payable on May 15, 2020, to unitholders of record at the close of business on May 5, 2020.
First Quarter 2020 Earnings Release Date and Conference Call Information
The Partnership also announced that it plans to report first quarter 2020 financial and operating results after market close on Wednesday, May 6, 2020. The Partnership will host a conference call and webcast regarding its first quarter 2020 results at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, May 7, 2020. Information on how to access the conference call and webcast can be found in the press release and will also be posted to the Partnership’s 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
USD Partners LP Exhibit
EX-99.1 2 ex991q12020distpressrelease.htm EXHIBIT 99.1 DISTRIBUTION PRESS RELEASE Exhibit Exhibit 99.1April 23,…
To view the full exhibit click
EX-99.1 2 ex991q12020distpressrelease.htm EXHIBIT 99.1 DISTRIBUTION PRESS RELEASE Exhibit Exhibit 99.1April 23,…
To view the full exhibit click
hereAbout 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.
