Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
USD Partners LP specializes in acquiring, developing, and operating vital midstream infrastructure assets and comprehensive logistics solutions. The partnership's services support the movement of crude oil, biofuels, and other energy-related products across both the United States and Canada. Its operations are divided into two main divisions: Terminalling Services and Fleet Services. The Terminalling Services segment manages a portfolio of key facilities: The Hardisty terminal serves as a crucial origination point, loading various types of Canadian crude oil onto railcars for transport to end markets. In Stroud, Oklahoma, the Stroud terminal acts as a destination hub, enabling the seamless transfer of crude oil from rail to pipelines. The Casper terminal in Wyoming offers comprehensive services for crude oil, including storage, blending, and railcar loading. The West Colton Terminal is a high-capacity destination facility capable of handling unit trains, where roughly 13,000 barrels per day of ethanol and renewable diesel are transloaded from incoming rail shipments to trucks for local distribution. The Fleet Services segment focuses on supplying leased railcars and providing related support services for the transportation of liquid hydrocarbons. As of December 31, 2021, this segment maintained a fleet of 200 railcars. USD Partners GP LLC functions as the general partner for the company. Founded in 2014, the partnership is headquartered in Houston, Texas.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. Specifically, the stock is underpriced on P/FCF.