USD Partners LP (the partnership) has announced that the board of directors of its general partner declared a quarterly cash distribution of $0.1185 per unit for the third quarter of 2021 ($0.474 per unit on an annualized basis), representing an increase of $0.0025 per unit, or 2.2 percent over the distribution declared for the second quarter of 2021.
The quarterly increase is in-line with management’s previously stated guidance. The distribution is payable on November 12, 2021, to unitholders of record at the close of business on November 3, 2021.
The partnership plans to report third quarter 2021 financial and operating results after market close on Tuesday, November 2, 2021.
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USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group LLC to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products.
The partnership generates substantially all its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies and refiners.
For more information visit www.usdpartners.com
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