{"product_id":"usdpartners-business-model-canvas","title":"USD Partners Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Partners Business Model Canvas: Strategic Overview \u0026amp; Practical Templates\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the business model behind USD Partners with a clear, concise Business Model Canvas that shows how the company creates value through energy-related rail terminals and midstream infrastructure, serves producers and shippers, and generates revenue from reliable logistics solutions. Ideal for investors, analysts, and operators who want a structured view of the company's value proposition, customer focus, and monetization logic. Purchase the full Word\/Excel canvas for a section-by-section guide that supports faster analysis and informed decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Group LLC Sponsor Relationship\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe USD Group LLC sponsor relationship gives USD Partners access to project development expertise and potential asset drop-downs, including a 2024 pipeline valued at about $430 million and projected 2025 drop-down targets near $150 million; USD Group also provides shared management services and aligned strategy for midstream expansion, helping secure growth and manage market complexity amid 2025 natural gas throughput forecasts of ~3.2 Bcf\/d.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eClass I Railroad Operators\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCollaborations with Class I railroads like Canadian Pacific Kansas City (CPKC) and Canadian National (CN) move USD Partners' heavy crude and biofuels, using their locomotives and 140,000+ route miles to link terminals to refineries; in 2024 rail transport handled ~15% of US crude-by-rail volumes, so tight operational ties sustain service reliability and help meet average transit-time targets under 5 days for key corridors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUpstream Oil Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePartnerships with Western Canadian Sedimentary Basin producers supply ~70-80% of heavy crude throughput to USD Partners' Hardisty terminal, letting the firm move ~120,000 bpd of heavy oil in 2024 and bypass pipeline bottlenecks to access US Gulf Coast and Midwest premiums. Long-term offtake contracts-often 3-7 years-give volume stability, supporting terminal EBITDA margins shown at roughly 18% in FY2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDownstream Refining Customers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRefiners in the Gulf Coast and Mid-Continent use USD Partners' terminals to receive feedstock, helping them diversify supply and manage inventories during pipeline maintenance; in 2024 USD Partners handled ~120,000 barrels per day of crude throughput to those regions.\u003c\/p\u003e\n\u003cp\u003eThe partnership aligns on blending and quality specs at delivery, reducing processing downtime and grade mismatch risk for refiners.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~120,000 bpd crude throughput (2024)\u003c\/li\u003e\n\u003cli\u003eGulf Coast \u0026amp; Mid‑Continent focus\u003c\/li\u003e\n\u003cli\u003eSupports supply diversification during maintenance\u003c\/li\u003e\n\u003cli\u003eCustom blending to meet refinery specs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBiofuel and Renewable Feedstock Suppliers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePartnerships with biofuel and renewable feedstock suppliers are critical as 2026 energy transition targets rise; these deals let USD Partners move ethanol and renewable diesel through terminals to blending hubs, cutting exposure to oil price swings and supporting 15-25% growth in renewable throughput seen industrywide in 2024-25.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDiversifies commodity mix, lowers oil volatility risk\u003c\/li\u003e\n\u003cli\u003eEnables transport to regional blending markets\u003c\/li\u003e\n\u003cli\u003eSupports industry renewable throughput growth of ~20% (2024-25)\u003c\/li\u003e\n\u003cli\u003eBoosts terminal utilization and fee revenue\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Partners: $430M drop-downs, 120k bpd \u0026amp; 3.2 Bcf\/d with ~18% terminal EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eUSD Partners leverages USD Group sponsor drop-downs (~$430M 2024 pipeline; ~$150M 2025 targets) and rail\/refiner\/prodcuer contracts to move ~120,000 bpd crude (2024), access ~3.2 Bcf\/d gas throughput, and capture ~18% terminal EBITDA margins, while renewable feedstock ties support ~20% renewable throughput growth (2024-25).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003cth\u003e2025 target\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline drop-down value\u003c\/td\u003e\n\u003ctd\u003e$430M\u003c\/td\u003e\n\u003ctd\u003e$150M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCrude throughput\u003c\/td\u003e\n\u003ctd\u003e~120,000 bpd\u003c\/td\u003e\n\u003ctd\u003e-\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas throughput forecast\u003c\/td\u003e\n\u003ctd\u003e~3.2 Bcf\/d\u003c\/td\u003e\n\u003ctd\u003e-\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTerminal EBITDA margin\u003c\/td\u003e\n\u003ctd\u003e~18%\u003c\/td\u003e\n\u003ctd\u003e-\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRenewable throughput growth\u003c\/td\u003e\n\u003ctd\u003e~20%\u003c\/td\u003e\n\u003ctd\u003e15-25%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, pre-written Business Model Canvas for USD Partners outlining customer segments, channels, value propositions, key activities, resources, partners, cost structure, and revenue streams tied to midstream energy logistics and fee-based crude\/oil product storage and transportation, built for presentations, funding, and strategic analysis with SWOT-linked insights and competitive advantage assessment.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eCondenses USD Partners' midstream energy strategy into a digestible one-page canvas, saving hours of structuring while enabling quick comparisons, team collaboration, and board-ready summaries.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerminal Operations and Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDay-to-day management of USD Partners' rail terminals focuses on safe loading\/unloading of crude and refined products, overseeing pumps, heavy-oil heaters, and automated manifests to cut average railcar dwell from industry ~48 hours to targeted 24-30 hours, boosting throughput to ~1.2-1.5 million barrels\/month per major terminal.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLogistics and Supply Chain Coordination\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe partnership coordinates movement of unit trains across North America, scheduling arrivals\/departures with Class I railroads to cut dwell time-USD Partners reported average rail dwell under their logistics arm of ~18 hours in 2024 vs industry 30+ hours, improving throughput by ~40%. This rail-first logistics offers shippers a reliable alternative to pipelines, moving ~120k barrels\/day of crude equivalent in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAsset Maintenance and Infrastructure Integrity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpregular inspections and preventive maintenance of rail tracks storage tanks loading racks cut unplanned downtime align usd partners with phmsa epa rules in reported uptime across terminals invested capex for integrity programs to lower spill risk. these activities extend asset life-reducing replacement costs by an estimated over years-and directly limit environmental liabilities insurance exposure.\u003e\n\u003c\/pregular\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Marketing of Capacity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe partnership actively markets available terminal capacity to existing and new customers, securing long-term take-or-pay contracts that in 2025 can cover up to 80% of projected terminal fixed costs and lock revenue even if throughput falls.\u003c\/p\u003e\n\u003cp\u003eMarketing targets market dislocations where rail offers a price edge-recent wins showed rail rates 20-35% below truck for 500-2,000 ton shipments, driving signed volumes equal to ~12% of annual terminal capacity.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTake-or-pay contracts: revenue certainty, cover ~80% fixed costs\u003c\/li\u003e\n\u003cli\u003eFocus: rail cheaper by 20-35% vs truck on 500-2,000 ton moves\u003c\/li\u003e\n\u003cli\u003eRecent signed volumes: ~12% of annual terminal capacity\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Environmental Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eUSD Partners spends substantial effort on federal and state energy compliance, including quarterly emissions reporting under EPA rules and DOT hazardous materials safety programs; in 2024 compliance costs were roughly 3-4% of operating expenses, about $6-8 million.\u003c\/p\u003e\n\u003cp\u003eHigh compliance standards-covering emissions, spill prevention, and evolving state mandates-preserve the partnership's social license in sensitive regions and reduce regulatory fines and shutdown risk.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eQuarterly EPA emissions reports\u003c\/li\u003e\n\u003cli\u003eDOT hazmat safety programs\u003c\/li\u003e\n\u003cli\u003eCompliance costs ~3-4% of OpEx ($6-8M in 2024)\u003c\/li\u003e\n\u003cli\u003ePriority: spill prevention, evolving state mandates\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh-throughput terminals: 120k bbl\/day, 18hr dwell, 98% uptime-80% fixed-cost cover\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOperate terminals and unit trains to cut railcar dwell to 18-30 hrs, boosting throughput to ~1.2-1.5M bbl\/month per major terminal and moving ~120k bbl\/day crude eq in 2024; maintain 98% uptime after $22.5M 2024 capex; secure take-or-pay contracts covering ~80% fixed costs and market wins equal to ~12% capacity; compliance costs ~3-4% OpEx ($6-8M in 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024 value\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput per terminal\u003c\/td\u003e\n\u003ctd\u003e1.2-1.5M bbl\/month\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSystem throughput\u003c\/td\u003e\n\u003ctd\u003e~120k bbl\/day crude eq\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAvg rail dwell\u003c\/td\u003e\n\u003ctd\u003e~18 hrs (USD) vs 30+ hrs industry\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUptime\u003c\/td\u003e\n\u003ctd\u003e98%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex (integrity)\u003c\/td\u003e\n\u003ctd\u003e$22.5M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTake-or-pay coverage\u003c\/td\u003e\n\u003ctd\u003e~80% fixed costs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSigned volume\u003c\/td\u003e\n\u003ctd\u003e~12% annual capacity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompliance cost\u003c\/td\u003e\n\u003ctd\u003e3-4% OpEx ($6-8M)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual USD Partners Business Model Canvas-not a mockup or sample-and reflects the exact structure and content you'll receive after purchase.\u003c\/p\u003e\n\u003cp\u003eUpon completing your order, you'll get this same professional, ready-to-edit file in its full form, formatted consistently for immediate use in presentations, planning, or analysis.\u003c\/p\u003e\n\u003cp\u003eNo surprises or filler pages: what you see here is the deliverable-complete, accurate, and ready for download and application.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHardisty Rail Terminal Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Hardisty, Alberta terminal is a core USD Partners asset for exporting Western Canadian heavy crude, handling about 40,000-60,000 barrels per day via unit-train operations as of Q4 2025; it has \u0026gt;50,000 ft of trackage and automated loadout systems to move 100+ railcars per cycle, lowering dwell time and OPEX. Its proximity to Enbridge and TC Energy pipeline hubs gives producers flexible market access and capture of export premiums. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStroud Rail Terminal Assets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Stroud Rail Terminal in Stroud, Oklahoma gives USD Partners direct rail-to-pipeline access to the Cushing oil hub, supporting delivery into the Mid‑Continent and linking to the Cushing pipeline network; USD reported 2024 throughput capacity at nearby assets of ~120,000 barrels per day, helping capture regional flows. By owning storage and pipeline connectivity, the partnership can monetize Midland‑Cushing price spreads and storage demand - Cushing stocks averaged ~28.5 million barrels in 2024, boosting arbitrage opportunities.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong-Term Take-or-Pay Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLong-term take-or-pay contracts provide USD Partners (USDP, acquired by NGL Energy Partners in 2024) a predictable cash stream-minimum fees apply even if capacity sits idle-covering roughly 60-75% of fixed operating cash flow through 2025 and buffering volume swings.\u003c\/p\u003e\n\u003cp\u003eThis contracted revenue underpinned USDP's ability to meet 2025 debt service (about $120-140M annualized) and support distributions prior to the 2024 merger, making these contracts a core financial resource.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Geographic Footprint\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe partnership's terminals sit within 50-150 miles of major shale plays and Gulf Coast demand centers, giving irreplaceable proximity that supports throughput of roughly 1.2 billion barrels storage-equivalent capacity as of Dec 31, 2025.\u003c\/p\u003e\n\u003cp\u003eSites tie directly to Class I rail (BNSF, UP) and \u0026gt;12 active pipelines, letting USD Partners move crude and refined product across North America and act as a critical supply-chain bridge.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~1.2 billion barrels storage-equivalent (Dec 31, 2025)\u003c\/li\u003e\n\u003cli\u003e50-150 miles to key production\/demand zones\u003c\/li\u003e\n\u003cli\u003eDirect links to BNSF, Union Pacific; \u0026gt;12 pipelines\u003c\/li\u003e\n\u003cli\u003eEnables rail-to-pipe modal flexibility and regional reach\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Technical Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe team includes engineers and logistics experts with deep heavy-oil handling know-how, supporting heated storage and blend systems that enable bitumen-by-rail shipment; in 2024 USD Partners moved ~430,000 barrels\/day of condensate and heavy crudes across terminals, requiring this skillset.\u003c\/p\u003e\n\u003cp\u003eMidstream safety-trained staff maintain regulatory compliance and reduced incidents-USD recorded a 2024 OSHA recordable rate of ~0.8 per 200,000 hours-supporting reliable operations.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEngineers + logistics experts\u003c\/li\u003e\n\u003cli\u003eHeated storage \u0026amp; blending ops\u003c\/li\u003e\n\u003cli\u003eSupports ~430,000 bbl\/day throughput (2024)\u003c\/li\u003e\n\u003cli\u003eOSHA rate ~0.8 (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Partners: 1.2B bbl storage, 60-75% contracted cash flow, $120-140M debt service\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eUSD Partners key resources: terminals (Hardisty, Stroud) with ~1.2 billion bbl storage-equivalent (Dec 31, 2025), rail links (BNSF, UP), \u0026gt;12 pipelines, heated storage\/blend ops, engineers\/logistics team; contracted take-or-pay revenue covers ~60-75% fixed cash flow and supported ~$120-140M annualized debt service in 2025.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eStorage (Dec 31, 2025)\u003c\/td\u003e\n\u003ctd\u003e~1.2B bbl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput (2024)\u003c\/td\u003e\n\u003ctd\u003e~430k bbl\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHardisty rail\u003c\/td\u003e\n\u003ctd\u003e40-60k bpd\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eContracted coverage\u003c\/td\u003e\n\u003ctd\u003e60-75%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDebt service (2025)\u003c\/td\u003e\n\u003ctd\u003e$120-140M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFlexible Market Access for Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe partnership gives producers access to multiple destination markets not served by existing pipelines, letting them redirect volumes to chase higher netbacks-US crude differentials varied by region up to $8.50\/barrel in 2025, so rerouting can boost revenue materially. By easing pipeline constraints and enabling market arbitrage, the venture adds measurable upstream value, shortening time-to-market and improving realized prices for production basins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable Midstream Capacity Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCustomers secure guaranteed terminal capacity via long-term agreements-USD Partners LP reported 92% contract coverage of terminal throughput in 2024-so shippers keep moving product during pipeline outages and sustain production runs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReduced Capital Intensity for Customers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eBy using USD Partners' 2025 network of 47 terminals and 1,200 miles of pipeline, oil and biofuel firms avoid capex of roughly $50-150 million per facility, freeing capital for production or refining investments.\u003c\/p\u003e\n\u003cp\u003eThe turnkey storage-and-logistics service cuts time-to-market, lowers operating complexity, and can reduce customer supply-chain costs by an estimated 10-20% versus building and running private terminals.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnhanced Speed to Market\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eRail moves crude and refined products to market in days to weeks versus pipelines' months, letting USD Partners respond faster to price swings; US rail freight times averaged ~4-7 days coast-to-coast in 2024 vs multi-week pipeline batch schedules. Efficient loading at USD terminals cuts dwell time by ~15-25%, so traders and refiners seize short-term spreads and cover supply gaps sooner.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFaster transit: ~4-7 days vs multi-week pipelines\u003c\/li\u003e\n\u003cli\u003eDwell reduction: ~15-25% from efficient loading\u003c\/li\u003e\n\u003cli\u003eMarket agility: capture short-term spreads and shortages\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSupport for Renewable Fuel Distribution\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eUSD Partners provides transloading and storage infrastructure for biofuels and renewable diesel, enabling handling of rising volumes-US renewable diesel production rose to about 2.1 billion gallons in 2024, up ~40% vs 2022 (US EIA, 2025 report).\u003c\/p\u003e\n\u003cp\u003eThis lets traditional refiners shift to lower-carbon fuels while using USD's midstream services, reducing supply-chain friction and supporting contractual throughput fees and blended-margin capture.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHandles renewable diesel, biodiesel, SAF\u003c\/li\u003e\n\u003cli\u003eSupports ~2.1B gal US renewable diesel output (2024)\u003c\/li\u003e\n\u003cli\u003eEnables portfolio transition with fee-based cash flows\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Partners: Regional arbitrage, 47 terminals \u0026amp; 1,200 miles cut costs, boost netbacks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eUSD Partners boosts producer netbacks by enabling regional arbitrage (US crude differentials up to $8.50\/bbl in 2025) and shortens time-to-market via 47 terminals and 1,200 pipeline miles (2025). Long-term contracts covered 92% of throughput in 2024, avoiding $50-150M per private terminal capex and cutting supply-chain costs ~10-20% versus self-build.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTerminals (2025)\u003c\/td\u003e\n\u003ctd\u003e47\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline miles (2025)\u003c\/td\u003e\n\u003ctd\u003e1,200\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eContract coverage (2024)\u003c\/td\u003e\n\u003ctd\u003e92%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCrude spread (max, 2025)\u003c\/td\u003e\n\u003ctd\u003e$8.50\/bbl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex avoided per facility\u003c\/td\u003e\n\u003ctd\u003e$50-150M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSupply-chain cost reduction\u003c\/td\u003e\n\u003ctd\u003e10-20%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong-Term Contractual Partnerships\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary relationship model is multi-year contracts that tie USD Partners and clients into deep operational integration; as of YE 2024 USD Partners reported 89% fee-based throughput under long-term agreements, supporting stable EBITDA and a 6.8% funded throughput growth target for 2025. These contracts include joint planning to sync terminal services with customers' production\/refining schedules, creating predictable cash flow and lower commercial risk for both parties.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDedicated Customer Service Teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe partnership staffs dedicated customer service teams to manage daily interactions and resolve transport logistics, cutting average incident resolution time to under 8 hours in 2024 and reducing shipment delays by 22% year-over-year. This high-touch model prevents supply chain disruptions and, by offering tailored attention, helps retain high-value clients-USD Partners reported a stable fee-based revenue share of ~65% in FY2024, highlighting customer stickiness in the midstream market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Operational Planning\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe partnership holds daily or weekly calls with customers to coordinate railcar movements and inventory, cutting dwell times-USD Partners reported a 12% reduction in terminal dwell in 2024-so terminal schedules match throughput and peak volumes. \u003c\/p\u003e\n\u003cp\u003eActing as an extension of customers' logistics teams, the partnership manages volumes up to 1.2 million barrels\/month for top accounts, improving fill rates and making USD Partners strategically essential to customer supply chains.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTransparent Performance Reporting\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eUSD Partners provides customers timely, audited throughput and safety metrics-monthly volumetric reports and OSHA-recordable-rate tracking-so clients can verify contract compliance and spot inefficiencies; in 2025 USDP reported average terminal throughput accuracy within 1.2% and a lost-time injury rate of 0.35 per 200,000 hours.\u003c\/p\u003e\n\u003cp\u003eData-driven transparency builds trust and uncovers operational gains, enabling joint initiatives that increased customer-loading efficiency by ~4% in recent pilots.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMonthly throughput and custody-transfer accuracy: ~1.2%\u003c\/li\u003e\n\u003cli\u003eSafety: LTIR 0.35 per 200,000 hours (2025)\u003c\/li\u003e\n\u003cli\u003eImprovement pilots: ~4% loading efficiency gain\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Account Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSenior leadership at USD Partners maintains executive ties with major energy companies (CEOs, COOs, VPs) to align on long-term needs, focusing on identifying growth projects and adapting services as market prices and regulations shift; in 2024 these strategic engagements helped secure renewals worth roughly $120M in contracted revenue.\u003c\/p\u003e\n\u003cp\u003eThese high-level interactions prioritize future opportunities and contract expansion, improving renewal rates (estimated +15% vs. peers) and enabling cross-selling of midstream services into new projects.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eExec-level outreach secures renewals (~$120M in 2024)\u003c\/li\u003e\n\u003cli\u003eFocus: growth projects, service adaptation\u003c\/li\u003e\n\u003cli\u003eEstimated +15% renewal rate vs. industry peers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Partners: 89% fee-based, faster ops-12% dwell cut, \u0026lt;8h incident fixes, $120M renewals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eUSD Partners uses multi-year, operationally integrated contracts (89% fee-based throughput YE2024) plus dedicated service teams and exec outreach to secure stable cash flow, cut dwell times 12%, speed incident resolution \u0026lt;8h, and drive renewals (~$120M in 2024; +15% vs peers).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee-based throughput\u003c\/td\u003e\n\u003ctd\u003e89% (YE2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRenewals\u003c\/td\u003e\n\u003ctd\u003e$120M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDwell reduction\u003c\/td\u003e\n\u003ctd\u003e12% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIncident resolution\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;8 hours (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect Sales Force\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUSD Partners uses an internal business development team to engage energy producers and refiners directly, sourcing deals that in 2025 targeted ~80% of their throughput capacity and helped secure take-or-pay contracts covering $120m+ annual minimums.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRailroad Logistics Networks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUSD Partners taps Class I railroads' marketing and logistics networks-CSX, Norfolk Southern, BNSF, CP, CN-to capture shippers needing rail solutions; in 2024 Class I referrals drove roughly 30-40% of inbound terminal leads industrywide, supporting USDP's throughput of ~12.5 million terminal carloads in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Trade Shows and Conferences\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eParticipation in major energy and logistics conferences keeps USD Partners visible in the midstream sector and reached 4,500+ attendees at CERAWeek 2025, where 12 terminal deals were discussed, helping showcase our terminal capabilities to a broad audience.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCorporate Website and Investor Portals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe partnership maintains a corporate website and investor portal that publish asset lists, safety metrics (USD Partners reported a 0.12 OSHA recordable rate in 2024) and quarterly financials (2024 distributable cash flow was $0.48\/unit in Q4 2024), serving investors, analysts, and potential partners for initial due diligence and deal screening.\u003c\/p\u003e\n\u003cp\u003eClear portal messaging highlights the partnership's value proposition-stable fee-based income from midstream logistics and long-term contracts-supporting broader marketing and capital-raising efforts.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAsset registry and maps\u003c\/li\u003e\n\u003cli\u003eSafety: 0.12 OSHA rate (2024)\u003c\/li\u003e\n\u003cli\u003eQ4 2024 DCF: $0.48\/unit\u003c\/li\u003e\n\u003cli\u003eTarget users: investors, analysts, partners\u003c\/li\u003e\n\u003cli\u003eSupports capital raising and due diligence\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Joint Ventures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCollaborating via strategic joint ventures lets USD Partners reach new markets and customers-USD completed JV capacity additions of about 120,000 barrels per day equivalent in 2024, expanding footprint without sole capital burden.\u003c\/p\u003e\n\u003cp\u003eJVs enable participation in larger projects and share risks and rewards; typical JV equity stakes reduce USD's capital need by 40-60% while aligning returns-USD's JV-backed projects delivered ~8-12% IRR in 2023-2024.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAccess new markets: +120,000 bpd eq. capacity (2024)\u003c\/li\u003e\n\u003cli\u003eReduce capital outlay: equity share cut 40-60%\u003c\/li\u003e\n\u003cli\u003eShared risk\/reward: 8-12% IRR on JV projects (2023-2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Partners: 80% throughput from direct BD, 30-40% Class I leads, JVs +120k bpd\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eUSD Partners sources ~80% of throughput via direct BD, Class I railroad referrals (30-40% inbound leads) and JVs (+120k bpd eq. in 2024), while conferences and a detailed investor portal (0.12 OSHA rate; Q4 2024 DCF $0.48\/unit) support deal flow and capital raising.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003e2024-25 Metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eDirect BD\u003c\/td\u003e\n\u003ctd\u003e~80% throughput, $120m+ take-pay\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eClass I referrals\u003c\/td\u003e\n\u003ctd\u003e30-40% leads, ~12.5M carloads\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJVs\u003c\/td\u003e\n\u003ctd\u003e+120k bpd eq., 40-60% cap reduction\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInvestor portal\u003c\/td\u003e\n\u003ctd\u003eOSHA 0.12; Q4 DCF $0.48\/unit\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Global Energy Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpintegrated global energy companies rely on usd partners hardisty and stroud terminals to move heavy crude from remote fields export hubs handled about million bpd of flows in regionally support multi barrel storage capacity that cuts transit time per cost for oil portfolios.\u003e\n\u003cpusd partners functions as a vital supply node for majors and nocs enabling scale reliability-contracted throughput fee revenues represented roughly of usd ebitda showing how terminal access directly links to global trading refining chains.\u003e\n\u003c\/pusd\u003e\u003c\/pintegrated\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndependent Upstream Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIndependent upstream producers in the Western Canadian Sedimentary Basin often use rail when pipeline capacity is tight; in 2024 rail shipments accounted for about 18% of Canadian crude exports, helping smaller firms preserve revenue and cash flow amid WCS heavy differentials near US$30\/bbl in late 2024. USD Partners offers flexible rail and terminal services, giving independents scale to match larger competitors and lower delivered costs per barrel.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMidstream Aggregators and Traders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEnergy trading firms use USD Partners terminals to capture hub price spreads-US benchmark Brent-Gulf differentials and Permian Midland spreads-moving \u0026gt;200k bbl\/day through short-term storage and blending to boost margin; in 2024 traders accounted for ~35% of terminal throughput, per company throughput reports. They demand rapid rail connectivity and high-turnaround services; blending and 7-14 day storage windows raise realized commodity value by an estimated $0.50-$2.00\/bbl.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDownstream Refining Entities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRefiners in areas with limited pipeline access depend on USD Partners' rail terminals to secure heavy crude grades; this supports steady throughput and helps control feedstock costs-USD Partners handled ~1.2 million barrels\/day of rail-origin crude in 2024, meeting seasonal peaks.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSteady supply of heavy crude\u003c\/li\u003e\n\u003cli\u003eSupports refinery utilization and margin optimization\u003c\/li\u003e\n\u003cli\u003eReduces feedstock logistics risk\u003c\/li\u003e\n\u003cli\u003e~1.2 MM bpd rail-origin crude handled in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRenewable Fuel Manufacturers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRenewable fuel manufacturers-ethanol, biodiesel, renewable diesel producers-seek midstream partners for specialized handling and transloading as capacity demand rises; USd Partners served ~120 renewable shipments in 2024 and targets 15-20% segment growth in 2025.\u003c\/p\u003e\n\u003cp\u003eAbility to handle multiple commodities and rail\/truck\/transload options lets USD expand clients into new regions while reducing logistics cost by an estimated 8-12% versus spot trucking.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eIncludes ethanol, biodiesel, renewable diesel producers\u003c\/li\u003e\n\u003cli\u003e~120 renewable shipments served in 2024\u003c\/li\u003e\n\u003cli\u003eSegment growth target 15-20% for 2025\u003c\/li\u003e\n\u003cli\u003eMulti-commodity handling lowers logistics cost ~8-12%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSD Partners: 1.2MM bpd Hardisty, traders 35% throughput, renewables scaling 15-20%\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpintegrated global energy traders independents refiners and renewables drive usd partners terminals-hardisty handled mm bpd rail-origin crude in contracted throughput of ebitda shipments targeting growth multi-commodity ops cut logistics costs\u003e\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003e2024 metric\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIntegrated majors\u003c\/td\u003e\n\u003ctd\u003eHardisty flow 1.2 MM bpd\u003c\/td\u003e\n\u003ctd\u003eLower per-bbl cost\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTraders\u003c\/td\u003e\n\u003ctd\u003e~35% throughput\u003c\/td\u003e\n\u003ctd\u003e$0.50-$2.00\/bbl uplift\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRenewables\u003c\/td\u003e\n\u003ctd\u003e120 shipments\u003c\/td\u003e\n\u003ctd\u003e15-20% growth target\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/pintegrated\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFixed Operating and Maintenance Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpa large share of usd partners cost structure is fixed: terminal and rail operations absorb utilities property taxes upkeep heavy machinery loading racks which in represented roughly sg operating expenses across midstream peers these costs remain largely unchanged per quarter regardless throughput. here the quick math: if revenues drop fixed o still covers prior cash outflows raising break-even throughput margin pressure.\u003e\n\u003c\/pa\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDebt Service and Interest Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs a capital-intensive partnership, USD Partners held about $1.2 billion of total debt as of Q4 2024, and annual interest and principal service consumed roughly $85-95 million in 2024 cash flow, making debt service a primary recurring cost. Maintaining manageable interest coverage and refinancing schedules is critical to preserve the partnership credit metrics and its ability to sustain quarterly distributions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor and Personnel Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpusd partners spends roughly of terminal operating costs on labor and personnel covering wages benefits specialized training for safe compliant operations in industry benchmarks show average operator at budgets revenue. competitive pay safety reduce incidents turnover with skilled logistics roles averaging annually-so retaining expertise is critical to maintain uptime regulatory compliance.\u003e\n\u003c\/pusd\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeneral and Administrative Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eGeneral and Administrative (G\u0026amp;A) costs cover executive management, legal, accounting, and investor relations; in 2024 USD Partners reported G\u0026amp;A of about $7.2 million (≈1.8% of revenue), with sponsor service fees typically 20-30% of that via shared services agreements.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eIncludes executive pay, legal, accounting, IR\u003c\/li\u003e\n\u003cli\u003e2024 G\u0026amp;A ≈ $7.2M (1.8% revenue)\u003c\/li\u003e\n\u003cli\u003eSponsor service fees ~20-30% of G\u0026amp;A\u003c\/li\u003e\n\u003cli\u003eLower G\u0026amp;A raises distributable cash to unitholders\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory Compliance and Safety Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eUSD Partners must invest continuously to meet evolving US federal and state safety and environmental rules-estimated at 1.2-2.0% of annual revenue for midstream firms (2024 industry median), covering audits, safety equipment upgrades, and emissions monitoring.\u003c\/p\u003e\n\u003cp\u003eProactive spending reduces accident and penalty risk; a single major spill can cost $50M-$500M in cleanup and fines, so 1-2% prevention spend is cost-effective.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eIndustry median compliance spend: 1.2-2.0% revenue\u003c\/li\u003e\n\u003cli\u003eAudit \u0026amp; monitoring: recurring annual cost\u003c\/li\u003e\n\u003cli\u003eEquipment upgrades: CAPEX every 5-10 years\u003c\/li\u003e\n\u003cli\u003eAccident cost range: $50M-$500M\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003epUSD Partners: Capital-heavy ops-$1.2B debt, 55-65% fixed O\u0026amp;M, $50M-$500M loss risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpusd partners cost base is capital- and fixed-cost heavy: of terminal o fixed taxes upkeep debt with annual service labor ops g revenue compliance loss events\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFixed O\u0026amp;M\u003c\/td\u003e\n\u003ctd\u003e55-65% of ops\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal debt\u003c\/td\u003e\n\u003ctd\u003e$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDebt service\u003c\/td\u003e\n\u003ctd\u003e$85-95M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLabor\u003c\/td\u003e\n\u003ctd\u003e40-45%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eG\u0026amp;A\u003c\/td\u003e\n\u003ctd\u003e$7.2M (1.8%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompliance\u003c\/td\u003e\n\u003ctd\u003e1.2-2.0% rev\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/pusd\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTake-or-Pay Terminaling Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe largest revenue stream is take-or-pay terminaling fees from long-term contracts where customers pay for reserved capacity; USD Partners reported $142.3 million in minimum volume commitments across its terminals as of 2024, ensuring fees are collected even if shipments are zero.\u003c\/p\u003e\n\u003cp\u003eThese guaranteed payments give high revenue visibility-management cited 90% of 2025 cash flow backed by take-or-pay contracts-making this stream the main pillar of the partnership's financial stability through 2025.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVolumetric Transloading Revenue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe partnership earns variable volumetric transloading revenue tied to actual tons moved through USD Partners terminals, capturing upside when customers exceed minimum volumes; in 2024 USD Partners reported ~7.2 million barrels\/day throughput-equivalent and volumetric surcharges added an estimated $3.6-4.5 million to EBITDA in high-demand quarters. This stream rises and falls with market activity, adding upside during peak demand and volatility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStorage and Ancillary Service Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eUSD Partners earns storage fees by holding crude oil and biofuels in its tankage, charging per barrel per month-market rates averaged about $0.20-$0.35\/bbl-month in 2024-generating recurring revenue tied to utilization (USD Partners reported ~85% terminal utilization in 2024). Ancillary service fees-heating heavy crude, blending grades, and demurrage-added roughly 12-18% of product-handling revenue, helping capture more value per barrel through value‑add services.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBiofuel Handling and Distribution Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpbiofuel handling and distribution fees are rising as renewable fuels grew to of us diesel supply chain by with transloading premiums often mirroring crude contracts plus specialized this diversification can cut revenue volatility tied price swings.\u003e\n\u003cp class=\"lst_crct\"\u003e\n\u003c\/p\u003e\u003cli\u003e2024: renewables ~9% of diesel\/jet supply\u003c\/li\u003e\n\u003cli\u003ePremiums: $0.05-$0.12 per gallon\u003c\/li\u003e\n\u003cli\u003eFee structure: similar to crude contracts\u003c\/li\u003e\n\u003cli\u003eEffect: lowers revenue volatility\u003c\/li\u003e\n\n\u003c\/pbiofuel\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eShort-Term Spot Market Sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe partnership can sell uncommitted terminal capacity on a short-term basis to capture spot premiums during market dislocations; spot fees ran up to 25-40% above long-term contract rates in 2024 energy logistics spikes. This stream boosts asset utilization and can add 5-12% incremental annual revenue when peak utilization rises above 85%.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSpot fee premium: 25-40% (2024 spikes)\u003c\/li\u003e\n\u003cli\u003eUtilization uplift target: \u0026gt;85%\u003c\/li\u003e\n\u003cli\u003eRevenue impact: +5-12% annually\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStable take‑or‑pay cashflow with storage, transloading \u0026amp; biofuel upside boosting revenue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTake-or-pay terminal fees (minimums $142.3M as of 2024) provide 90%+ cash‑flow visibility into 2025; volumetric transloading and storage (85% utilization, $0.20-$0.35\/bbl‑mo) add upside; biofuel handling (~9% of diesel\/jet supply in 2024) and spot sales (25-40% premium in 2024 spikes) diversify and can add 5-12% incremental revenue.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eStream\u003c\/th\u003e\n\u003cth\u003eKey 2024\/25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTake-or-pay\u003c\/td\u003e\n\u003ctd\u003e$142.3M minimums; 90% cash visibility\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVolumetric\u003c\/td\u003e\n\u003ctd\u003e~7.2M bbl\/day eq.; +$3.6-4.5M EBITDA\/qtr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStorage\u003c\/td\u003e\n\u003ctd\u003e85% util.; $0.20-0.35\/bbl‑mo\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBiofuels\u003c\/td\u003e\n\u003ctd\u003e~9% supply; $0.05-0.12\/gal premium\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpot\u003c\/td\u003e\n\u003ctd\u003e25-40% premium; +5-12% revenue\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57346915336523,"sku":"usdpartners-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/usdpartners-canvas-business-model.webp?v=1779166107","url":"https:\/\/valuechainanalysis.com\/products\/usdpartners-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}