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USD Partners LP (USDP) Stock Fundamental Analysis & AI Rating 2026

USDP OTC Railroad Switching & Terminal Establishments DE CIK: 0001610682
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2023-09-30
STRONG SELL
85% Conf
Pending
Analysis scheduled

📊 USDP Key Takeaways

Revenue: $51.7M
Net Margin: 7.4%
Free Cash Flow: $-1.7M
Current Ratio: 0.20x
Debt/Equity: N/A
EPS: $0.00
AI Rating: STRONG SELL with 85% confidence
USD Partners LP (USDP) receives a STRONG SELL rating with 85% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $51.7M, net profit margin of 7.4%, USD Partners LP demonstrates mixed fundamentals in the Transportation sector. Below is our complete USDP stock analysis for 2026.

Is USD Partners LP (USDP) a Good Investment?

Claude

USD Partners LP is technically insolvent with liabilities ($213.5M) substantially exceeding assets ($104.6M), indicating negative equity. The company faces a critical liquidity crisis (0.20x current ratio) and cannot meet short-term obligations despite positive operating margins, as evidenced by negative operating cash flow (-$1.0M) and negative free cash flow (-$1.7M). The outdated data (2023-09-30) raises concerns that financial distress has likely worsened.

Why Buy USD Partners LP Stock? USDP Key Strengths

Claude
  • + Positive operating margin of 22.9% demonstrates operational efficiency in core railroad switching business
  • + Positive GAAP net income of $3.8M shows profitability on accounting basis
  • + Operates in niche infrastructure sector (railroad switching & terminals) with potential competitive moats

USDP Stock Risks: USD Partners LP Investment Risks

Claude
  • ! Technical insolvency: liabilities exceed assets by $108.9M with negative stockholders' equity
  • ! Severe liquidity crisis with current ratio of 0.20x prevents meeting short-term obligations
  • ! Negative operating cash flow (-$1.0M) contradicts GAAP profitability, indicating fundamental operational stress
  • ! Interest coverage of 0.9x indicates insufficient operating income to cover debt service
  • ! Cash balance of only $8.7M is insufficient relative to $213.5M liabilities
  • ! Financial data is 2.5+ years old; current situation likely deteriorated further
  • ! Negative free cash flow (-$1.7M) means company cannot self-fund or service debt

Key Metrics to Watch

Claude
  • * Updated stockholders' equity status and solvency confirmation
  • * Operating cash flow trend and underlying causes of negative cash generation
  • * Liquidity position: current ratio, quick ratio, and days cash on hand
  • * Debt covenant compliance and bankruptcy/restructuring announcements

USD Partners LP (USDP) Financial Metrics & Key Ratios

Revenue
$51.7M
Net Income
$3.8M
EPS (Diluted)
$0.00
Free Cash Flow
$-1.7M
Total Assets
$104.6M
Cash Position
$8.7M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

USDP Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 22.9%
Net Margin 7.4%
ROE N/A
ROA 3.6%
FCF Margin -3.2%

USDP vs Transportation Sector: How USD Partners LP Compares

How USD Partners LP compares to Transportation sector averages

Net Margin
USDP 7.4%
vs
Sector Avg 10.0%
USDP Sector
ROE
USDP 0.0%
vs
Sector Avg 18.0%
USDP Sector
Current Ratio
USDP 0.2x
vs
Sector Avg 1.0x
USDP Sector
Debt/Equity
USDP 0.0x
vs
Sector Avg 1.0x
USDP Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is USD Partners LP Stock Overvalued? USDP Valuation Analysis 2026

Based on fundamental analysis, USD Partners LP has mixed fundamental signals relative to the Transportation sector in 2026.

Return on Equity
N/A
Sector avg: 18%
Net Profit Margin
7.4%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

USD Partners LP Balance Sheet: USDP Debt, Cash & Liquidity

Current Ratio
0.20x
Quick Ratio
0.20x
Debt/Equity
N/A
Debt/Assets
204.1%
Interest Coverage
0.86x
Long-term Debt
$0.0

USDP Revenue & Earnings Growth: 5-Year Financial Trend

USDP 5-year financial data: Year 2018: Revenue $119.2M, Net Income $25.6M, EPS N/A. Year 2019: Revenue $119.2M, Net Income $21.3M, EPS N/A. Year 2020: Revenue $120.0M, Net Income $21.1M, EPS N/A. Year 2021: Revenue $122.1M, Net Income $6.5M, EPS N/A. Year 2022: Revenue $204.5M, Net Income -$19.3M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: USD Partners LP's revenue has grown significantly by 72% over the 5-year period, indicating strong business expansion.

USDP Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-3.2%
Free cash flow / Revenue

USDP Quarterly Earnings & Performance

Quarterly financial performance data for USD Partners LP including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2023 $11.1M -$2.8M N/A
Q2 2023 $19.5M $2.0M N/A
Q1 2023 $21.1M $2.0M N/A
Q3 2022 $21.5M $2.8M N/A
Q2 2022 $33.7M $2.0M N/A
Q1 2022 $30.1M $7.3M N/A
Q3 2021 $29.8M $2.9M N/A
Q2 2021 $27.4M $1.2M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

USD Partners LP Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$1.0M
Cash generated from operations
Capital Expenditures
$649.0K
Investment in assets
Dividends
None
No dividend program

USDP SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for USD Partners LP (CIK: 0001610682)

📋 Recent SEC Filings

Date Form Document Action
Feb 21, 2024 4 xslF345X05/wk-form4_1708551347.xml View →
Feb 21, 2024 4 xslF345X05/wk-form4_1708551319.xml View →
Feb 21, 2024 4 xslF345X05/wk-form4_1708551265.xml View →
Feb 21, 2024 4 xslF345X05/wk-form4_1708551109.xml View →
Feb 21, 2024 4 xslF345X05/wk-form4_1708551066.xml View →

Frequently Asked Questions about USDP

What is the AI rating for USDP?

USD Partners LP (USDP) has an AI rating of STRONG SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.

What are USDP's key strengths?

Claude: Positive operating margin of 22.9% demonstrates operational efficiency in core railroad switching business. Positive GAAP net income of $3.8M shows profitability on accounting basis.

What are the risks of investing in USDP?

Claude: Technical insolvency: liabilities exceed assets by $108.9M with negative stockholders' equity. Severe liquidity crisis with current ratio of 0.20x prevents meeting short-term obligations.

What is USDP's revenue and growth?

USD Partners LP reported revenue of $51.7M.

Does USDP pay dividends?

USD Partners LP does not currently pay dividends.

Where can I find USDP SEC filings?

Official SEC filings for USD Partners LP (CIK: 0001610682) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is USDP's EPS?

USD Partners LP has a diluted EPS of $0.00.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is USDP a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, USD Partners LP has a STRONG SELL rating with 85% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is USDP stock overvalued or undervalued?

Valuation metrics for USDP: ROE of N/A (sector avg: 18%), net margin of 7.4% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy USDP stock in 2026?

Our dual AI analysis gives USD Partners LP a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is USDP's free cash flow?

USD Partners LP's operating cash flow is $-1.0M, with capital expenditures of $649.0K. FCF margin is -3.2%.

How does USDP compare to other Transportation stocks?

Vs Transportation sector averages: Net margin 7.4% (avg: 10%), ROE N/A (avg: 18%), current ratio 0.20 (avg: 1).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2023-09-30 | Powered by Claude AI