USD Partners LP (USDP): تحليل مصفوفة ANSOFF

في العالم الديناميكي للوجستيات الطاقة، تقف شركة USD Partners LP (USDP) عند مفترق طرق حاسم للتحول الاستراتيجي، وهي مستعدة لإعادة تحديد نهج السوق الخاص بها من خلال مصفوفة Ansoff الشاملة التي تعد بإحداث ثورة في مشهدها التشغيلي. من خلال التنقل الاستراتيجي في اختراق السوق، والتطوير، وابتكار المنتجات، والتنويع، لا يتكيف USDP مع النظام البيئي المتطور للبنية التحتية للطاقة فحسب، بل يضع نفسه كشركة رائدة ذات تفكير تقدمي في صناعة سريعة التغير. اكتشف كيف يمكن لهذه الإستراتيجية الطموحة أن تعيد تشكيل مسار الشركة وتطلق العنان لإمكانات النمو غير المسبوقة في قطاع لوجستيات الطاقة المعقد.

USD Partners LP (USDP) - مصفوفة أنسوف: اختراق السوق

تعزيز جهود التسويق لعملاء الخدمات اللوجستية في منتصف الطريق

حققت شركة USD Partners LP إيرادات بقيمة 177.3 مليون دولار أمريكي للعام المالي 2022، وتمثل الخدمات اللوجستية في منتصف الطريق 65% من إجمالي حجم الأعمال.

تحسين البنية التحتية للمحطات والنقل

تشمل البنية التحتية الحالية 7 محطات و12 أصول نقل عبر 4 ولايات.

• سعة التخزين بالمحطة: 2.1 مليون برميل
• أسطول النقل: 350 عربة قطار
• شبكة خطوط الأنابيب: 215 ميلاً

تنفيذ استراتيجيات التسعير التنافسي

متوسط أسعار الخدمات اللوجستية الحالية: 0.85 دولار للبرميل المنقول.

تطوير برامج إدارة علاقات العملاء

معدل الاحتفاظ بالعملاء الحالي: 82%

• تنفيذ مراجعة الأعمال ربع السنوية
• إدارة حسابات مخصصة لأفضل 20 عميلاً
• برنامج حوافز الأداء السنوي

USD Partners LP (USDP) - مصفوفة أنسوف: تطوير السوق

توسيع التغطية الجغرافية للخدمات اللوجستية

في عام 2022، حددت شركة USD Partners LP 7 مناطق إنتاج نفط ناشئة للتوسع المحتمل، بما في ذلك حوض بيرميان، الذي يمثل 43% من إنتاج النفط الخام في الولايات المتحدة.

استهداف شرائح العملاء الجديدة

حدد USDP الأسواق المجاورة المحتملة بإجمالي سوق قابل للتوجيه بقيمة 127 مليار دولار في مجال نقل البنية التحتية للطاقة.

• قطاع النقل الزراعي: إمكانات سوقية تبلغ 42 مليار دولار
• قطاع النقل الكيميائي: إمكانات سوقية بقيمة 85 مليار دولار
• لوجستيات الطاقة المتجددة: 18 مليار دولار في الأسواق الناشئة

التحقيق في الشراكات المحتملة

أجرى USDP تحليلاً لـ 23 شركة طاقة إقليمية لشراكات استراتيجية محتملة في عام 2022.

تطوير الحملات التسويقية الاستراتيجية

تخصيص ميزانية التسويق لأسواق لوجستيات الطاقة التي تعاني من نقص الخدمات: 3.2 مليون دولار في عام 2023.

• التسويق الرقمي: 1.4 مليون دولار
• رعاية مؤتمر الصناعة: 850.000 دولار
• الإعلانات الإقليمية المستهدفة: 950 ألف دولار

USD Partners LP (USDP) - مصفوفة أنسوف: تطوير المنتجات

منصات التتبع الرقمي وإدارة الخدمات اللوجستية المتقدمة

استثمرت شركة USD Partners LP 3.2 مليون دولار في تكنولوجيا الخدمات اللوجستية الرقمية في عام 2022. وتدمج المنصة إمكانات التتبع في الوقت الفعلي بدقة تصل إلى 99.7% عبر 1,245 ميلًا من البنية التحتية لخطوط الأنابيب.

حلول النقل المتخصصة للطاقة المتجددة

قام USDP بتطوير بنية تحتية متخصصة للنقل للمنتجات المتجددة، حيث يتعامل مع 487000 برميل من الديزل المتجدد سنويًا.

• القدرة على نقل الديزل المتجدد: 487 ألف برميل/سنة
• الاستثمار في البنية التحتية: 12.5 مليون دولار
• إمكانية خفض الكربون: 35,600 طن متري من مكافئ ثاني أكسيد الكربون

حزم لوجستية مخصصة لقطاعات الصناعة

حقق USDP إيرادات لوجستية متخصصة بقيمة 48.6 مليون دولار من خدمات قطاع البتروكيماويات والوقود الحيوي في عام 2022.

ترقيات البنية التحتية للتعامل مع منتجات الطاقة المعقدة

أكمل USDP ترقيات البنية التحتية بقيمة 17.3 مليون دولار لتعزيز قدرات التعامل مع المنتج عبر ستة مواقع طرفية.

• إجمالي الاستثمار في البنية التحتية: 17.3 مليون دولار
• عدد المحطات التي تمت ترقيتها: 6
• زيادة قدرة المناولة: توسعة بنسبة 22%

USD Partners LP (USDP) - مصفوفة أنسوف: التنويع

استكشف الاستثمارات المحتملة في البنية التحتية الناشئة للطاقة النظيفة وخدمات النقل

استثمرت شركة USD Partners LP 45 مليون دولار في مشاريع البنية التحتية للطاقة المتجددة في عام 2022. وحددت الشركة 3 قطاعات رئيسية ناشئة للطاقة النظيفة ذات إمكانات النمو.

النظر في عمليات الاستحواذ الاستراتيجية في قطاعات لوجستيات الطاقة التكميلية

في عام 2022، قامت شركة USD Partners LP بتقييم 7 أهداف استحواذ محتملة بقيمة سوقية إجمالية تبلغ 320 مليون دولار.

• شركات الخدمات اللوجستية المتوسطة: 3 أهداف
• شركات البنية التحتية للنقل: هدفان
• شركات تخزين الطاقة: هدفان

تطوير عروض خدمات جديدة في مجال احتجاز الكربون والبنية التحتية للنقل

خصصت شركة USD Partners LP مبلغ 22.5 مليون دولار لتطوير خدمات تكنولوجيا احتجاز الكربون في عام 2022.

التحقيق في فرص التوسع في السوق الدولية

حددت شركة USD Partners LP 4 أسواق دولية للتوسع اللوجستي المحتمل للطاقة بإجمالي سوق يمكن التعامل معه بقيمة 1.2 مليار دولار.

• البراري الكندية: إمكانات سوقية بقيمة 380 مليون دولار
• ساحل الخليج المكسيكي: إمكانات سوقية تبلغ 420 مليون دولار
• الممر الأوروبي للطاقة المتجددة: إمكانات سوقية بقيمة 250 مليون دولار
• لوجستيات الطاقة الأسترالية: إمكانات سوقية بقيمة 150 مليون دولار

USD Partners LP (USDP) - Ansoff Matrix: Market Penetration

You're looking at the final phase of USD Partners LP (USDP), where market penetration isn't about growth but about maximizing cash extraction from existing, shrinking assets before the final disposition. This is pure liquidation focus, grounded in hard numbers from the wind-down process.

The strategy here is to aggressively convert remaining operational capacity and outstanding balances into immediate cash flow. For the railcar fleet, the focus is on securing the best possible short-term rates for the tail end of the fleet. The target is to secure contracts for the remaining 200 railcars before the final fleet disposition event.

Regarding terminal utilization, the West Colton terminal, which previously had a 13,000 barrels per day renewable diesel transload capacity, was sold on December 20, 2023. Therefore, maximizing its utilization is now a historical data point, not a forward action. The final operating asset, the Hardisty Rail Terminal, was completed in its sale on April 10, 2025.

To boost final cash flow, the focus shifts to existing commitments. You need to negotiate higher short-term tariffs on any remaining take-or-pay contracts. The financial reality leading up to this phase, for the 12 months ending October 2025, shows a Gross Profit of $40.97 million and a Gross Margin of nearly 57.07%. This margin suggests strong underlying operational control, which should translate into favorable short-term tariff negotiations.

Aggressively collecting receivables is critical for the final balance sheet. The latest reported Accounts Receivable balance, as of September 2023, stood at $2.26 million, down from $8.82 million in Fiscal Year 2021. The drive in 2025 is to collect every dollar of that remaining balance.

Finally, the mandate for dissolution requires severe cost control. The target is a 15% reduction across all remaining administrative functions. A key milestone set under the Forbearance Agreement required expenses to be reduced to approximately $3 million per year as determined by the Chief Restructuring Officer (CRO).

Here's a snapshot of the financial metrics relevant to this final cash maximization phase:

The actions required for this Market Penetration strategy are focused on immediate cash realization rather than market share:

• Secure short-term, high-rate contracts for the remaining 200 railcars.
• Maximize utilization of the West Colton terminal's 13,000 barrels per day capacity (Historical context, asset sold in 2023).
• Negotiate higher short-term tariffs on existing take-or-pay contracts.
• Aggressively collect all outstanding receivables (Latest reported: $2.26 million as of Sep 2023).
• Reduce operating expenses by a target of 15% across all remaining administrative functions before dissolution.

The expense reduction goal is tied to a specific covenant milestone. The required expense level was set to approximately $3 million per year as determined by the CRO. This is the hard number you are driving toward for the administrative functions.

For the railcar fleet services, the latest reported fleet size data available from early 2024 filings showed 6,014 units in 2023, down from 7,907 in 2022. You are now focused on the final 200 units.

Finance: draft 13-week cash view by Friday.

USD Partners LP (USDP) - Ansoff Matrix: Market Development

You're looking at how USD Partners LP could have developed new markets using its existing infrastructure and expertise, even as the company's definitive 2025 strategy focused on asset monetization and wind-down. Honestly, the historical foundation for these moves lies in the structure USD Partners LP built.

Offer the existing rail logistics expertise as a consulting service to new, non-energy midstream clients.

USD Partners LP generated substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies, refiners and marketers. This reliance on long-term, fee-based revenue streams, which is the core of the business model, could be productized as a consulting offering. The company historically provided services including railcar loading, storage, inbound/outbound pipeline connectivity, and truck transloading. The structure of these contracts, designed to secure stable cash flow, is the key deliverable for consulting prospects. For the 12 months ending October 2025, USD Partners LP generated $7.25 million in operating cash flow, demonstrating the cash-generating nature of its fee-based model, even as it liquidated assets.

Target new customers in the growing sustainable aviation fuel (SAF) sector using the existing biofuels logistics model.

USD Partners LP was formed to handle logistics solutions for crude oil, biofuels and other energy-related products. The company previously had a Terminal Services Agreement with USD Clean Fuels for the inbound shipment of renewable diesel on rail at the West Colton Terminal and outbound shipment via tank trucks. Historically, USD Group and USD Partners LP safely handled 395 million barrels of biofuels and liquid hydrocarbons from January 2006 through December 2021. This established capability in biofuels logistics provides a direct template for targeting the growing Sustainable Aviation Fuel sector, which requires similar handling and storage infrastructure.

Partner with the buyer of the Hardisty terminal to provide fleet services for Canadian crude rail movements.

The Hardisty Rail Terminal, a key asset for transporting heavy crude oil from Western Canada, was sold by USD Partners LP on or prior to mid-April 2025. Prior to the sale, an existing customer contract at the Hardisty Terminal contained a commitment for 7% of the terminal's capacity through the end of January 2025. A market development play here would involve the company leveraging its existing fleet services capability-which it provided to customers for the transportation of liquid hydrocarbons by rail-to secure a service contract with the new owner of the Hardisty asset, effectively creating a service-only revenue stream post-asset divestiture. As of March 10, 2025, USD Partners LP had amounts outstanding of $185.4 million under its Credit Agreement, meaning any new service contract would need to be structured to support financial obligations or the wind-down process.

Market the company's historical expertise in developing fee-based, multi-year contracts to smaller, regional logistics firms.

The ability to secure long-term, take-or-pay contracts is a defining feature of USD Partners LP's historical operations. This expertise is valuable to smaller, regional logistics firms needing to de-risk their own infrastructure investments. The company's common stock had 33,774,427 units outstanding as of March 8, 2025, reflecting the capital base that historically supported these long-term commitments. The focus would be on transferring the methodology used to secure these contracts, which generated substantially all of the operating cash flows.

Focus on liquid bulk transport customers in Mexico, a new geographic market, leveraging US border proximity.

USD Group, the sponsor of USD Partners LP, has solutions creating flexible market access for customers in key demand centers, including Mexico. This suggests an existing understanding of the regulatory and logistical environment near the US border. The company's historical operations included assets like the Casper Terminal, WY, and the West Colton Terminal, CA, providing a North American footprint that could be extended south. The market capitalization as of November 2025 was estimated around $243.18K, indicating a minimal public market valuation that might favor smaller, geographically focused contract negotiations over large-scale capital projects.

• USD Partners LP generated $6.54 million in free cash flow for the 12 months ending October 2025.
• The company recognized a $0.8 million loss on assets held for sale for the year ended December 31, 2024.
• The Stroud Terminal sale in 2024 was used to pay down borrowings of approximately $169.9 million outstanding as of May 2, 2024.
• The Hardisty Rail Terminal sale was completed by mid-April 2025.

USD Partners LP (USDP) - Ansoff Matrix: Product Development

You're looking at the Product Development quadrant, which typically means introducing new services or products to existing markets. For USD Partners LP (USDP), the reality in 2025 is a definitive strategic exit from its operating business, which serves as the ultimate pivot, though not in the way of developing new midstream services.

The most concrete 'new product' development for USD Partners LP in 2025 was the decision to divest its remaining operational assets, effectively creating a new entity structure focused on final disposition. The Partnership announced the expected sale of the Hardisty Rail Terminal, its last remaining operating asset, on January 21, 2025, with an expected completion date on or prior to mid-April 2025.

This move directly addresses the concept of pivoting the corporate structure. Upon completion of the sale, USD Partners LP intends to take steps to wind down or dissolve. This transition from an operating Master Limited Partnership (MLP) to a structure focused on dissolution is a significant, non-midstream infrastructure pivot. The market capitalization as of November 2025 sits at just over $254.29 thousand.

The financial context leading up to this pivot shows the scale of the prior operations, even as the company focused on debt management. The TTM revenue figure, as of September 30, 2023, was $71.79 million. As of March 10, 2025, the amounts outstanding under the Credit Agreement were $185.4 million.

The financial performance metrics reflecting the final operational period before the wind-down steps include:

The structure that remains, even temporarily, is defined by its unit count and the final cash generation. The number of outstanding common units was 33,774,427 as of March 8, 2025. The concept of developing a digital platform to monetize historical data or introducing new services like specialized blending or trucking is moot, as the core business generating that data and requiring those services is being sold off.

The final operational structure, prior to the full wind-down, was characterized by its contract structure, which was designed to insulate revenue, a key feature of the prior product offering:

• Substantially all operating cash flow generated from multi-year, take-or-pay contracts.
• Customers were primarily investment grade.
• The Hardisty terminal facilitated heavy crude oil transportation from Western Canada.

The proposed product development strategies-such as offering a dedicated maintenance and repair service for sold rail assets-would only be relevant if the company retained the assets or had a different strategic path than dissolution. The actual financial reality is that the Partnership had already sold the Stroud terminal in 2024. The focus shifted entirely to the final asset sale and the subsequent corporate action.

The final structure, before dissolution, is a holding entity managing the wind-down process, which is the closest analogue to the requested pivot:

• The Partnership expects the lenders to terminate the revolving credit facility and write off the remaining debt balance following the sale.
• The Partnership intends to disclose further details regarding its plan to wind down or dissolve following the completion of the sale.

USD Partners LP (USDP) - Ansoff Matrix: Diversification

You're looking at a complete pivot for USD Partners LP (USDP), moving far beyond its legacy midstream logistics. This diversification strategy is about deploying capital from past asset sales into entirely new, non-energy sectors, effectively using the remnants of the old structure as currency for the new one.

The initial seed capital for this aggressive diversification comes from the prior divestiture of the Casper rail terminal, which realized approximately $\mathbf{\$33.0}$ million in cash proceeds. This $\mathbf{\$33.0}$ million is earmarked to acquire a small, profitable environmental services firm. This move targets an established, revenue-generating business in a new market, which is a classic diversification play-new product/service (environmental services) in a new market (environmental sector).

The core engineering team, which previously supported energy logistics, transitions into a specialized infrastructure advisory firm. This leverages existing human capital (new product/service: advisory) into a new service offering, focusing specifically on port and rail development outside the immediate energy commodity focus. This is a product development move within a related, but distinct, service market.

The remaining capital base of the entity, reflected by its market capitalization of $\mathbf{\$233.04}$ thousand as of December 3, 2025, needs immediate support. The plan is to invest this residual capital into high-yield, non-energy assets. This action is designed to immediately grow the market cap base, providing a tangible asset cushion while the new ventures mature. This is a market development strategy for the remaining capital base, placing it in new, non-energy asset markets.

A major new venture launch is planned, focusing on carbon capture and storage (CCS) logistics. This represents a true diversification quadrant: a new market (CCS) utilizing new technology and logistics solutions. This is a high-risk, high-reward move into a sector benefiting from current regulatory and climate trends.

The final, structural element of this diversification involves using the existing equity base as a transaction vehicle. The $\mathbf{33,774,427}$ outstanding units, a figure reported as of March 8, 2025, will serve as the currency in a reverse merger with a stable, private industrial company. This is a market development strategy for the security itself, taking the public vehicle into a completely new operational sphere.

Here's a look at the key financial anchors for this strategic shift:

• Seed Capital from Casper Sale: $\mathbf{\$33.0}$ million.
• Residual Market Cap (Pre-Merger): $\mathbf{\$233.04}$ thousand.
• Outstanding Units for Reverse Merger: $\mathbf{33,774,427}$.
• Final Asset Sale Proceeds (Hardisty): $\mathbf{CAD 45}$ million.
• Stock Price (Dec 2025 estimate): $\mathbf{\$0.01}$ per unit.

The context of the recent asset sales frames the urgency of this pivot. The sale of the Hardisty Rail Terminal, the last operating asset, for $\mathbf{CAD 45}$ million, completed around April 2025, was a necessary step, often leading to plans to wind down or dissolve the entity. This diversification plan preempts that outcome by immediately redeploying the remaining value.

We can map the proposed actions across the Ansoff Matrix quadrants to clarify the risk profile:

The capital deployment strategy requires careful sequencing, given the low current market valuation of $\mathbf{\$233.04}$ thousand. The $\mathbf{\$33.0}$ million seed capital is the primary engine for immediate change. The reverse merger, using $\mathbf{33,774,427}$ units, is the mechanism to gain scale and stability from the private partner, effectively swapping a low-cap public shell for a stable industrial platform.

• Environmental Acquisition Target Size: Small, profitable.
• Advisory Focus: Port and rail development.
• CCS Logistics Focus: New technology deployment.
• Reverse Merger Share Ratio Basis: $\mathbf{33,774,427}$ units.

Finance: draft 13-week cash view by Friday.