USD Partners (USDP) AI Stock Analysis

• Market Cap: $236.42K
• Dividend Yield: N/A
• Average Volume (3M): 26.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: -42.99%
• EPS Growth: -394.28%
• Country: US
• Employees: 85
• Sector: Industrials
• Sector Strength: 86
• Industry: Railroads
• EPS (TTM): N/A
• Shares Outstanding: 33,774,426
• 10 Day Avg. Volume: 21,850
• 30 Day Avg. Volume: 26,631
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 739.70
• Enterprise Value/Revenue: 4.49
• Enterprise Value/Gross Profit: 15.44
• Enterprise Value/Ebitda: 28.79
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 37 Underperform
• Price Target: ―

The stock is at the lowest end of the score range due to significant financial distress, as evidenced by declining revenue, profitability, and negative equity. Technical indicators suggest bearish momentum, and valuation metrics are unattractive. Immediate strategic interventions are necessary to stabilize and improve financial health.

USD Partners Business Overview & Revenue Model

Company Description

USD Partners LP (USDP) is a growth-oriented master limited partnership focused on acquiring, developing, and operating midstream infrastructure and logistics solutions for crude oil, biofuels, and other energy-related products. The company operates in the energy infrastructure sector, primarily providing railcar services, terminaling, storage, and transloading facilities. USD Partners' core services are designed to facilitate the efficient transportation and handling of its clients' products across North America.

How the Company Makes Money

USD Partners makes money primarily through fee-based contracts with customers, which include major oil producers, refiners, and marketers. The company earns revenue by charging fees for the use of its rail terminals and infrastructure, which are strategically located to support the transportation of crude oil and refined products from production regions to end-use markets. Additionally, USD Partners may generate income from long-term storage agreements where customers pay for reserved capacity at the company's terminal locations. The partnership's revenue model benefits from stable, long-term contracts that provide predictable cash flows, minimizing exposure to fluctuations in commodity prices. Significant partnerships with major energy companies and strategic asset locations enhance USD Partners' ability to secure and maintain these long-term agreements.

USD Partners Financial Statement Overview

Summary

USD Partners is experiencing significant financial difficulties. The income statement reveals declining revenue, profitability, and negative margins. The balance sheet indicates high leverage and negative equity, contributing to financial instability. While there is a positive shift in operating cash flows, the overall financial health remains weak, necessitating strategic interventions.

Income Statement

USD Partners has faced declining revenue and profitability. The net profit margin has significantly decreased, evidenced by a switch from positive net income in 2023 to a substantial net loss in 2024. Gross profit margins have also contracted, indicating struggles in maintaining cost efficiency. The negative EBIT and EBITDA margins further highlight operational challenges.

Balance Sheet

The balance sheet shows a precarious financial position with negative stockholders' equity, suggesting insolvency risks. The high debt-to-equity ratio indicates excessive leverage, exacerbating financial vulnerability. A negative equity ratio further emphasizes the company's over-leveraged state, posing substantial risks in maintaining financial stability.

Cash Flow

Operating cash flow has improved to positive in 2024 compared to a negative position in 2023, which is a positive turnaround. However, free cash flow remains low, indicating limited flexibility for reinvestment or debt reduction. The operating cash flow to net income ratio is positive but driven by adjustments rather than core profitability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.83M	62.86M	111.66M	122.10M	120.04M
Gross Profit	10.92M	23.69M	37.71M	42.00M	44.18M
EBITDA	-14.95M	47.17M	-29.68M	53.92M	10.91M
Net Income	-52.34M	17.77M	-61.29M	22.83M	-19.81M
Balance Sheet
Total Assets	52.00M	88.46M	126.78M	221.59M	237.55M
Cash, Cash Equivalents and Short-Term Investments	8.23M	10.42M	2.53M	3.75M	3.04M
Total Debt	181.99M	167.19M	215.48M	171.47M	205.16M
Total Liabilities	198.85M	181.09M	239.18M	202.50M	231.28M
Stockholders Equity	-146.85M	-92.63M	-112.40M	703.00K	547.00K
Cash Flow
Free Cash Flow	1.98M	-10.72M	36.77M	44.74M	45.33M
Operating Cash Flow	1.98M	-10.07M	37.24M	47.13M	45.81M
Investing Cash Flow	20.31M	63.06M	-73.72M	-2.39M	-484.00K
Financing Cash Flow	-23.76M	-48.40M	28.76M	-44.76M	-44.99M

USD Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSTR	75 Outperform	$235.68M	6.76	23.08%	―	-8.75%	354.10%
WAB	71 Outperform	$31.95B	27.89	10.84%	0.48%	3.38%	17.21%
GBX	70 Outperform	$1.36B	6.17	16.16%	2.82%	0.71%	84.57%
TRN	68 Neutral	$1.95B	21.02	10.47%	5.06%	-22.95%	-40.67%
Sector *	64 Neutral	$10.62B	16.56	7.13%	2.15%	2.87%	-30.79%
RAIL	53 Neutral	$187.37M	―	156.43%	―	12.58%	34.10%
USDP	37 Underperform	$236.42K	―		―	-42.99%	-394.28%