USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that
the Board of Directors of USD Partners GP LLC, its general partner,
declared a quarterly cash distribution of $0.29 per unit for the second
quarter of 2015 ($1.16 per unit on an annualized basis), representing an
increase of $0.0025 per unit over the prior quarter. The distribution is
payable on August 14, 2015, to unitholders of record as of the close of
business on August 10, 2015.
Second Quarter 2015 Earnings Release Date and Conference Call
Information
The Partnership plans to report second quarter 2015 financial and
operating results after market close on Tuesday, August 11, 2015. The
Partnership will host a conference call and webcast regarding second
quarter 2015 results at 11:00 a.m. Eastern Time (10:00 a.m. Central
Time) on Wednesday, August 12, 2015.
To listen live over the Internet, participants are advised to log on to
the Partnership’s web site at www.usdpartners.com
and select the “Events & Presentations” sub-tab under the “Investors”
tab. To join via telephone, participants may dial (877) 266-7551
domestically or +1 (339) 368-5209 internationally, conference ID
85736064. Participants are advised to dial in at least five minutes
prior to the call.
An audio replay of the conference call will be available for thirty days
by dialing (800) 585-8367 domestically or +1 (404) 537-3406
internationally, conference ID 85736064. In addition, a replay of the
audio webcast will be available by accessing the Partnership's web site
after the call is concluded.
About USD Partners LP
The Partnership is a fee-based, growth-oriented master limited
partnership formed by US Development Group LLC to acquire, develop and
operate energy-related rail terminals and other high-quality and
complementary midstream infrastructure assets and businesses. The
Partnership’s assets consist primarily of: (i) an origination
crude-by-rail terminal in Hardisty, Alberta, Canada, with capacity to
load up to two 120-railcar unit trains per day and (ii) two destination
unit train-capable ethanol rail terminals in San Antonio, Texas, and
West Colton, California, with a combined capacity of approximately
33,000 barrels per day. In addition, the Partnership provides railcar
services through the management of a railcar fleet that is committed to
customers on a long-term basis.
Qualified Notice to Nominees
This release serves as qualified notice to nominees as provided for
under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note
that we believe that 100 percent of the Partnership’s distributions to
foreign investors are attributable to income that is effectively
connected with a United States trade or business. Accordingly, all of
the Partnership’s distributions to foreign investors are subject to
federal income tax withholding at the highest effective tax rate for
individuals or corporations, as applicable. Nominees, and not the
Partnership, are treated as withholding agents responsible for
withholding distributions received by them on behalf of foreign
investors.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of U.S. federal securities laws, including statements with
respect to the amount and timing of the Partnership’s second quarter
2015 cash distribution. Words and phrases such as “is expected,” “is
planned,” “believes,” “projects,” and similar expressions are used to
identify such forward-looking statements. However, the absence of these
words does not mean that a statement is not forward-looking.
Forward-looking statements relating to the Partnership are based on
management’s expectations, estimates and projections about the
Partnership, its interests and the energy industry in general on the
date this press release was issued. These statements are not guarantees
of future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual outcomes
and results may differ materially from what is expressed or forecast in
such forward-looking statements. Factors that could cause actual results
or events to differ materially from those described in the
forward-looking statements include those as set forth under the heading
“Risk Factors” in the Partnership’s most recent Annual Report on Form
10-K and in our subsequent filings with the Securities and Exchange
Commission. The Partnership is under no obligation (and expressly
disclaims any such obligation) to update or alter its forward-looking
statements, whether as a result of new information, future events or
otherwise.
