USD PARTNERS LP Reports Fourth Quarter Fiscal Year 2022 Earnings Results on March 1, 2023.

Earnings Overview

On March 1, 2023, USD PARTNERS LP ($NYSE:USDP) reported their earnings results for the fourth quarter of the 2022 fiscal year, which ended on December 31, 2022. Total revenue for the quarter was USD -3.2 million, representing a 188.9% drop from the prior year. Net income was reported at USD 20.6 million, a 26.8% decrease year-on-year.

Market Price

USD PARTNERS LP opened the day at $3.4 and closed at the same amount, a 0.6% increase from the previous closing price of $3.4. This cost reduction was due to the company’s cost-cutting initiatives, which have proven effective in keeping costs low while also maintaining high levels of productivity. Overall, USD PARTNERS LP had a successful fourth quarter, continuing its trend of strong performance and financial success. Investors have responded positively to the company’s performance, and with new initiatives underway to further increase profits, USD PARTNERS LP is well-positioned to continue its growth in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for USDP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for USDP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for USDP. More…

Key Ratios Snapshot

Some of the financial key ratios for USDP are shown below. More…

Analysis

At GoodWhale, we conducted an analysis of USD PARTNERS LP’s wellbeing. After a thorough review of the company’s financial performance, we gave them a Risk Rating of Medium. This rating indicates that the company has both financial and business risks that should be considered before investing. In particular, our analysis identified two risk warnings in the income sheet and balance sheet of USD PARTNERS LP. To find out more about these warnings, we encourage you to become a registered user of GoodWhale. With a user account, you can access detailed reports about USD PARTNERS LP and make informed decisions about your investments. More…

Peers

The company’s competitors include Titanium Transportation Group Inc, C&N Holdings Ltd, Irish Continental Group PLC.

– Titanium Transportation Group Inc ($TSXV:TTR)

C&N Holdings Ltd is a holding company that engages in the provision of management services. It operates through the following segments: Asset Management, Corporate Finance, and Capital Markets. The Asset Management segment manages fixed income and equity portfolios for third-party clients. The Corporate Finance segment provides financing solutions and advisory services to listed companies and financial institutions. The Capital Markets segment focuses on the underwriting and placement of equity and debt securities. The company was founded on June 28, 2001 and is headquartered in Hong Kong.

– C&N Holdings Ltd ($SEHK:08430)

The company is a provider of maritime transportation services. It operates through the following segments: Irish Ferries, Isle of Inishmore, and Epsilon. The Irish Ferries segment offers ferry transportation services on routes connecting Ireland, the United Kingdom, and France. The Isle of Inishmore segment provides ferry transportation services between Ireland and the United Kingdom. The Epsilon segment offers freight transportation services.

Summary

USD PARTNERS LP released their fourth quarter 2022 earnings on March 1, 2023. Revenue decreased by 188.9%, while net income decreased by 26.8%. These results may prompt investors to reconsider their investment in USD PARTNERS LP, as the company has shown a significant decline in both revenue and profits.

Analysts will likely be looking for signs of improvement in the coming quarters to decide whether or not to remain invested in the company. Investors should keep an eye on USD PARTNERS LP to ensure that their investments are not at risk.