USD Partners LP has completed the sale of its last remaining operating asset, ceased operations, and is moving forward with winding down and liquidating the Partnership. The company has requested that FINRA halt trading of its remaining equity and expects to complete these actions as early as January 1, 2026, though a firm date has not been set. Unitholders will not receive any payments or distributions upon the wind down. Due to its inability to fully repay remaining debt, the Partnership anticipates recognizing cancellation of indebtedness income in 2025, which will be allocated to unitholders and could result in tax obligations for them. Final Schedule K-1 forms will be provided to unitholders in March 2026. Investors are encouraged to consult their own financial and tax advisors.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. USD Partners LP published the original content used to generate this news brief via Business Wire (Ref. ID: 20251231167823) on December 31, 2025, and is solely responsible for the information contained therein.