USD Partners LP (NYSE:USDP) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
Previous Quarter Performance
USD Partners LP came out with income for the second quarter of $ 0.04 per share, from the revenue of $ 27.44 million. Wall street analysts are predicting revenue of $ 34.19 million The top line results fell short of analysts by $ 6.75 million or 19.74 percent.
Stock Performance
Shares of USD Partners LP traded low $ -0.02 or -0.72 percent on Tuesday, reaching $ 2.77 with volume of 35.90 thousand shares. USD Partners LP has traded high as $ 2.89 and has cracked $ 2.77 on the downward trend
According to the previous trading day, closing price of $ 2.77, representing a 179.00 % increase from the 52 week low of $ 1.00 and a 73.78 % decrease over the 52 week high of $ 10.64.
The company has a market capital of $ 80.16 million and is part of the Industrials sector and Railroads industry.
Conference Call
USD Partners LP will be hosting a conference call at 11:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.usdpartners.com
USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.
