USD Partners LP Overview
Pro stress-test →USD Partners LP is a master limited partnership engaged in acquiring, developing and operating midstream infrastructure and logistics solutions for crude oil, biofuels and other energy-related products. The partnership was formed in 2014 by US Development Group LLC and operates through two segments: Terminalling Services and Fleet Services.
Strategic Profile
Pro stress-test →The company generates substantially all of its operating cash flow from multi-year, take-or-pay contracts. As of early 2026, the company declared its diluent recovery unit (DRU) fully operational and commenced shipment of DRUbit™ by Rail™ (DBR™), positioning it for scalable infrastructure expansion in North American energy logistics.
Competitive Landscape
Pro stress-test →USD Partners operates a network of crude oil terminals facilitating the transportation of heavy crude oil from Western Canada to key demand centers across North America. Primary competitors include established midstream MLPs and logistics providers specializing in crude oil and biofuel transportation infrastructure, such as Crestwood Equity Partners, Ergon, and regional terminal operators. USD Partners competes on contracted cash flows and geographic positioning but faces scale and capital constraints relative to larger peers.
Industry Context
USD Partners LP operates in Crude oil and biofuel transportation logistics.
Key facts
Founded: 2014 · Headquarters: Houston, US · Revenue: $72.3M · Market cap: $3.4M