Private company
USD Partners LP
American railroad switching and terminal establishments company. Summary from the record
Last updated Oct 19, 2026.
Overview
- IndustryRailroad Switching & Terminal Establishments2
- HeadquartersHouston, United States2
- Incorporated inDE3
- Business address811 Main Street, Suite 2800, Houston, Tx 770023
- Filer categoryAccelerated filer, Smaller reporting company3
- Legal formLimited Partnership2
- Kind of organizationLimited partnership2
- LEI549300W8EFTTL1ACGP252
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 55330342
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Selling, general and admin23¢$25.8M
- Other costs66¢$73.9M
- Interest10¢$10.7M
- Income tax1¢$1.3M
Out of $111.7M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2022
- Capital spending1¢$468.0K
- Kept or used elsewhere99¢$36.8M
Out of $37.2M of cash from operations.6
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $113.2M7 | $108.8M8 | $119.2M9 | $113.7M10 | $170.1M6 | $204.5M6 | $111.7M6 |
| Selling, general and admin | $9.7M7 | $9.2M8 | $10.8M8 | $18.8M10 | $48.4M6 | $70.7M6 | $25.8M6 |
| Operating expenses | $178.6M6 | $171.3M6 | |||||
| Operating income | $34.5M7 | $29.5M8 | $29.4M9 | $20.6M10 | -$5.6M6 | $25.9M6 | -$59.7M6 |
| Interest | $9.8M7 | $9.9M8 | $11.4M9 | $12.0M10 | $10.1M6 | $7.0M6 | $10.7M6 |
| Income before tax | $23.8M6 | -$60.0M6 | |||||
| Income tax | -$247.0K7 | -$1.9M8 | -$2.7M9 | $662.0K10 | $337.0K6 | $933.0K6 | $1.3M6 |
| Net income | $25.6M7 | $21.3M8 | $21.1M9 | $6.5M10 | -$19.3M6 | $22.8M6 | -$61.3M6 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $11.7M7 | $7.9M8 | $6.4M9 | $3.1M10 | $12.5M6 | $5.5M6 | $2.5M6 |
| Receivables | $6.8M6 | $2.2M6 | |||||
| Inventory | $3.0M6 | $06 | |||||
| Current assets | $34.6M14 | $21.0M7 | $21.0M8 | $21.0M9 | $21.3M10 | $29.2M6 | $13.3M6 |
| Property, plant and equipment | $157.9M6 | $106.9M6 | |||||
| Goodwill | $06 | $06 | |||||
| Intangible assets | $48.9M6 | $3.5M6 | |||||
| Total assets | $299.1M7 | $301.0M8 | $287.3M9 | $289.6M10 | $275.7M6 | $247.0M6 | $126.8M6 |
| Short-term debt | $4.3M6 | $214.1M6 | |||||
| Current liabilities | $37.2M14 | $10.5M7 | $11.5M8 | $18.9M9 | $18.5M10 | $47.4M6 | $230.9M6 |
| Long-term debt | $220.9M14 | $200.6M7 | $205.6M8 | $217.7M9 | $195.5M10 | $167.4M6 | $06 |
| Total liabilities | $259.1M14 | $216.1M7 | $217.8M8 | $248.5M9 | $231.3M10 | $225.2M6 | $239.2M6 |
| Shares outstanding |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $53.7M7 | $47.8M8 | $45.1M9 | $38.4M10 | $50.6M6 | $57.9M6 | $37.2M6 |
| Depreciation and amortization | $23.2M6 | $19.6M6 | |||||
| Stock-based compensation | $5.7M6 | $4.8M6 | |||||
| Capital spending | $474.0K7 | $27.6M8 | $8.8M9 | $8.4M10 | $3.2M6 | $5.2M6 | $468.0K6 |
| Free cash flow | $53.3M | $20.2M | $36.3M | $30.0M | $47.4M | $52.7M | $36.8M |
| Cash from investing | -$5.2M6 | -$73.7M6 | |||||
| Cash from financing | -$59.3M6 | $28.8M6 |
Leadership
Who has led USD Partners LP, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (15)
- OfficerAmanda Wendell Feb 27, 2024 to Feb 27, 202415
- OfficerJoseph Kyle Schornick Feb 27, 2024 to Feb 27, 202416
- Vice President, CAOMichael Jay Stanford Jan 4, 2018 to Feb 27, 202017
- OfficerJoshua Dean Ruple Jan 10, 2017 to Feb 21, 202418
- OfficerKeith Benson Mar 4, 2015 to Feb 21, 202419
- OfficerAdam K. Altsuler Oct 8, 2014 to Feb 21, 202320
- OfficerDan Borgen Oct 8, 2014 to Feb 21, 202421
- OfficerGuillermo Sierra Oct 8, 2014 to Mar 4, 201522
- OfficerPaul Leray Tucker Oct 8, 2014 to Feb 26, 201823
- Board memberBradford Timothy Sanders Feb 21, 2023 to Feb 21, 202424
- Board memberG. Stacy Smith Feb 21, 2023 to Feb 21, 202425
- Board memberJane A. Ohagan Feb 21, 2023 to Feb 21, 202426
- Board memberJeffrey P. Wood Feb 21, 2023 to Feb 21, 202427
- Board memberCarl Wimberley Nov 30, 2023 to Nov 30, 202328
- Board memberDan Borgen Oct 8, 2014 to Feb 21, 202421
Subsidiaries and ownership
Parent company (GLEIF)
Ultimate parent
Subsidiaries (GLEIF)
Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.
Timeline
Filings
74 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 29 major events, 31 insider forms, 5 other. The latest 20:
- Mar 28, 2024144 EDGAR
- Feb 27, 20243 EDGAR
- Feb 27, 20243 EDGAR
- Feb 21, 20244 EDGAR
- Feb 21, 20244 EDGAR
- Feb 21, 20244 EDGAR
- Feb 21, 20244 EDGAR
- Feb 21, 20244 EDGAR
- Feb 21, 20244 EDGAR
- Feb 21, 20244 EDGAR
- Feb 21, 20244 EDGAR
- Jan 2, 20244 EDGAR
- Dec 28, 2023144 EDGAR
- Dec 11, 202315-12G EDGAR
- Dec 11, 2023S-8 POS EDGAR
- Dec 11, 2023S-8 POS EDGAR
- Nov 30, 20233 EDGAR
- Nov 24, 20238-K EDGAR
- Nov 17, 20238-K 8-K USDP CREDIT AGREEMENT WAIVER EXTENSION EDGAR
- Nov 16, 20238-K 8-K USDP 8-K EDGAR
The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 16, 2024 | SMITH G STACYDirector | Sale | 13,136 | $0.22 | $2.9K | Form 4 |
| Dec 28, 2023 | Wood Jeffrey P.Director | Sale | 50,000 | $0.14 | $7.0K | Form 4 |
From Forms 4 filed with the SEC.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARUSD Partners LP filings on SEC EDGAR
- 2
- 3SEC EDGARUSD Partners LP filings on SEC EDGAR
- 4
- 5
- 6SEC EDGARUSD Partners LP 10-K for fiscal 2022
- 7SEC EDGARUSD Partners LP 10-K for fiscal 2016
- 8SEC EDGARUSD Partners LP 10-K for fiscal 2017
- 9SEC EDGARUSD Partners LP 10-K for fiscal 2018
- 10SEC EDGARUSD Partners LP 10-K for fiscal 2019
- 11SEC EDGARUSD Partners LP 10-Q for fiscal 2023
- 12SEC EDGARUSD Partners LP 10-Q for fiscal 2023
- 13SEC EDGARUSD Partners LP 10-Q for fiscal 2023
- 14SEC EDGARUSD Partners LP 10-K for fiscal 2016
- 15SEC EDGARAmanda Wendell, Officer
- 16SEC EDGARJoseph Kyle Schornick, Officer
- 17
- 18SEC EDGARJoshua Dean Ruple, Officer
- 19SEC EDGARKeith Benson, Officer
- 20SEC EDGARAdam K. Altsuler, Officer
- 21SEC EDGARDan Borgen, Officer
- 22SEC EDGARGuillermo Sierra, Officer
- 23SEC EDGARPaul Leray Tucker, Officer
- 24
- 25SEC EDGARG. Stacy Smith, Board member
- 26SEC EDGARJane A. Ohagan, Board member
- 27SEC EDGARJeffrey P. Wood, Board member
- 28SEC EDGARCarl Wimberley, Board member