USD Partners LP
USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various gr… Read more
USD Partners LP (USDP) - Net Assets
Latest net assets as of December 2024: $-146.85 Million USD
Based on the latest financial reports, USD Partners LP (USDP) has net assets worth $-146.85 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($52.00 Million) and total liabilities ($198.85 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-146.85 Million |
| % of Total Assets | -282.39% |
| Annual Growth Rate | N/A |
| 5-Year Change | -2442.84% |
| 10-Year Change | -395.11% |
| Growth Volatility | 510.23 |
USD Partners LP - Net Assets Trend (2012–2024)
This chart illustrates how USD Partners LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for USD Partners LP (2012–2024)
The table below shows the annual net assets of USD Partners LP from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-146.85 Million | -58.53% |
| 2023-12-31 | $-92.63 Million | +17.59% |
| 2022-12-31 | $-112.40 Million | -688.90% |
| 2021-12-31 | $19.09 Million | +204.51% |
| 2020-12-31 | $6.27 Million | -84.73% |
| 2019-12-31 | $41.06 Million | -40.90% |
| 2018-12-31 | $69.46 Million | -5.23% |
| 2017-12-31 | $73.30 Million | +56.55% |
| 2016-12-31 | $46.82 Million | -5.91% |
| 2015-12-31 | $49.76 Million | +22.36% |
| 2014-12-31 | $40.67 Million | +1462.31% |
| 2013-12-31 | $2.60 Million | -80.55% |
| 2012-12-31 | $13.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to USD Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-6.86 Million | % |
| Total Equity | $-146.85 Million | 100.00% |
USD Partners LP Competitors by Market Cap
The table below lists competitors of USD Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BPKKF
PINK:BPKKF
|
$47.29K |
|
COLOR STAR TECH. DL-001
F:2J4A
|
$47.32K |
|
Sayward Capital Corp
V:SAWC-P
|
$47.35K |
|
NORDIC AMER TANKER
MU:B3O
|
$47.37K |
|
M1BT34
SA:M1BT34
|
$47.28K |
|
BOURSE DIRECT INH. EO-25
F:BD6
|
$47.26K |
|
Terregra Asia Energy PT
JK:TGRA
|
$47.24K |
|
ELMD3F
SA:ELMD3F
|
$47.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in USD Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -92,634,000 to -146,849,000, a change of -54,215,000.
- Net loss of 52,340,000 reduced equity.
- Other comprehensive income decreased equity by 3,902,000.
- Other factors increased equity by 2,027,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-52.34 Million | -35.64% |
| Other Comprehensive Income | $-3.90 Million | -2.66% |
| Other Changes | $2.03 Million | +1.38% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares USD Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.65 | $0.01 | x |
| 2013-12-31 | $0.13 | $0.01 | x |
| 2014-12-31 | $1.95 | $0.01 | x |
| 2015-12-31 | $2.20 | $0.01 | x |
| 2016-12-31 | $2.06 | $0.01 | x |
| 2017-12-31 | $2.99 | $0.01 | x |
| 2018-12-31 | $-0.12 | $0.01 | x |
| 2019-12-31 | $0.00 | $0.01 | x |
| 2020-12-31 | $0.02 | $0.01 | x |
| 2021-12-31 | $0.03 | $0.01 | x |
| 2022-12-31 | $-3.37 | $0.01 | x |
| 2023-12-31 | $-2.75 | $0.01 | x |
| 2024-12-31 | $-4.35 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently USD Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -146.07%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (229.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 3440.74% | 1851.57% | 0.42x | 4.40x | $459.24 Million |
| 2013 | -177.79% | -17.60% | 0.25x | 41.21x | $-4.89 Million |
| 2014 | -18.88% | -21.27% | 0.23x | 3.78x | $-11.74 Million |
| 2015 | 35.56% | 21.64% | 0.25x | 6.60x | $12.72 Million |
| 2016 | 51.63% | 21.75% | 0.36x | 6.54x | $19.49 Million |
| 2017 | 30.30% | 19.95% | 0.36x | 4.19x | $14.88 Million |
| 2018 | 0.00% | 17.72% | 0.41x | 0.00x | $21.43 Million |
| 2019 | 0.00% | 5.73% | 0.39x | 0.00x | $6.53 Million |
| 2020 | -3622.30% | -16.51% | 0.51x | 434.27x | $-19.87 Million |
| 2021 | 3247.37% | 18.70% | 0.55x | 315.21x | $22.76 Million |
| 2022 | 0.00% | -54.89% | 0.88x | 0.00x | $-50.05 Million |
| 2023 | 0.00% | 28.27% | 0.71x | 0.00x | $27.04 Million |
| 2024 | 0.00% | -146.07% | 0.69x | 0.00x | $-37.66 Million |
Industry Comparison
This section compares USD Partners LP's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $385,612,201,198
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| USD Partners LP (USDP) | $-146.85 Million | 3440.74% | N/A | $47.28K |
| Alstom PK (ALSMY) | $1.84 Billion | 9.84% | 9.00x | $659.84 Million |
| Alstom SA (AOMFF) | $9.10 Billion | -1.45% | 2.45x | $6.62 Billion |
| Bangkok Expressway and Metro Public Company Limited (BKKXF) | $37.66 Billion | 9.24% | 1.99x | $2.46 Billion |
| BTS Group Holdings Public Company Limited (BTGWF) | $52.15 Billion | 5.51% | 1.77x | $1.93 Billion |
| Central Japan Railway Co (CJPRY) | $3.51 Trillion | 12.51% | 1.65x | $9.22 Billion |
| Canadian National Railway Company (CNI) | $19.65 Billion | 18.04% | 1.28x | $58.49 Billion |
| Canadian Pacific Railway Ltd (CP) | $6.64 Billion | 29.40% | 2.23x | $68.42 Billion |
| CRRC Corporation Limited (CRCCY) | $169.14 Billion | 6.70% | 1.32x | $22.96 Billion |
| China Railway Signal & Communication Corporation Limited (CRYCY) | $47.28 Billion | 7.69% | 1.47x | $7.38 Billion |
| CSX Corporation (CSX) | $4.59 Billion | -2.57% | 1.50x | $73.08 Billion |