Exhibit 99.1
usdpartnerslogoa18.jpg


March 8, 2018
USD Partners LP Announces Fourth Quarter and Full Year 2017 Results
Houston, TX - USD Partners LP (NYSE: USDP) (the “Partnership”) announced today its operating and financial results for the three and twelve months ended December 31, 2017. Highlights with respect to the fourth quarter of 2017 include the following:
Successfully commenced operations at the Stroud destination terminal near Cushing, Oklahoma
Generated Net Cash Provided by Operating Activities of $9.5 million, Adjusted EBITDA of $12.5 million and Distributable Cash Flow of $9.8 million
Reported Net Income of $2.2 million
Increased quarterly cash distribution to $0.35 per unit ($1.40 per unit on an annualized basis), delivering distribution growth of 7.5% for the full year 2017
Ended quarter with $205.9 million of available liquidity and distribution coverage of 1.1x

“Recently, the price of Western Canadian Select has significantly declined relative to the price of alternative grades of crude oil as a result of increased oil sands production, apportionment on pipelines, and full utilization of storage at the Hardisty hub,” said Dan Borgen, the Partnership’s Chief Executive Officer. “Given the value that our terminals can deliver to our customers in this environment, we are well-positioned to execute on multiple near-term opportunities for contract extensions, new customer agreements and potential expansions to our existing network. As these opportunities materialize, we expect to deliver mid-single digit distribution growth in 2018 relative to 2017.”

Market Update

Over the last several months, oil sands production facilities in Western Canada have returned to normal operating levels and meaningful new production capacity has been brought online. Additionally, one of the major export pipelines to the United States experienced a disruption. The resulting balance of growing crude oil supply versus available pipeline infrastructure caused the price of Western Canadian Select (“WCS”) crude oil in Hardisty, Alberta, to discount meaningfully relative to key benchmarks and alternative heavy feedstocks for refiners, such as Maya in the Gulf Coast.
This dislocation in prices incentivizes producers to find additional modes of transportation to reach other markets where they might achieve better pricing and attracts refiners that seek access to a cheaper feedstock. In this environment, strategically-located rail terminals, such as the Partnership’s Hardisty, Casper and Stroud terminals, deliver critical takeaway capacity and can preserve substantial value for Western Canadian crude oil.
Production from the oil sands in Western Canada is projected to continue to grow, and the expected timing of proposed export pipeline additions remains uncertain. As such, forward curves in the market currently reflect a discount for WCS relative to West Texas Intermediate of approximately $20 for the next several years. Combined, these dynamics create opportunities for market participants to utilize rail transportation to capture incremental value over that period.




The following information was filed by Usd Partners Lp (USDP) on Thursday, March 8, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Usd Partners Lp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Usd Partners Lp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account