USD Partners LP belongs to the Industrials sector. Filings by its managers are published through SEC (Form 4). USD Partners LP has had no insider filing for more than a year; the last one goes back to 21 February 2024.
These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended December 2022 · cache
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USD Partners LP (ticker: USDP) is a U.S.-listed company historically traded on the NYSE, although recent public disclosures indicate it moved into a wind-down phase and was no longer operating as a conventional listed midstream platform. Founded in 2014 by US Development Group through USD Group, the partnership was created as a fee-based master limited partnership (MLP) focused on acquiring, developing, and operating midstream infrastructure and complementary logistics solutions for crude oil, biofuels, and other energy-related products. Its business model was built around long-term, take-or-pay contracts, often with investment-grade counterparties, which historically provided a relatively stable cash-flow profile.
Operationally, USD Partners’ core franchise centered on terminalling and rail logistics. The company’s infrastructure included terminals designed for railcar loading and unloading, storage, blending, pipeline connectivity, and truck transloading. It also had a fleet services component tied to leased railcars and logistics support for liquid hydrocarbons transported by rail. This made USDP a specialized niche operator in North American energy logistics rather than a broad-based transportation company. Its assets were positioned to support the movement of heavy crude from Western Canada to key demand centers across North America, giving the partnership a role in a supply chain segment that sits between upstream production and downstream refining or marketing.
From a competitive standpoint, USDP operated in a niche where scale, contractual discipline, and proximity to production or demand hubs matter more than brand power. The company’s value proposition was rooted in infrastructure specificity and contract-backed cash generation. However, recent developments materially changed the investment case. Public news in late 2025 reported that USD Partners sold its last remaining operating asset, ceased operations, and began steps to liquidate the partnership, including a request to halt trading of the remaining equity. That means the company should now be viewed primarily through the lens of corporate wind-down rather than ongoing growth or expansion.
Geographically, the company was based in Houston, Texas, United States, which aligns with its energy-focused operating footprint and access to sector expertise. For French-speaking investors in France, Belgium, or Switzerland, the key takeaway is that USDP was historically a small-cap, contract-based midstream/logistics name on the U.S. market with a North American footprint, but its recent asset sale and liquidation process have effectively transformed it into a terminal event situation. Any analysis today must therefore emphasize the cessation of operations, the disposal of the last asset, and the implications for holders of the remaining securities rather than traditional operating metrics or growth prospects.