USD Partners LP announced that it has entered into a one-year extension agreement with an existing refiner customer at its Hardisty Terminal for a contract that was set to expire in January 2024. The current agreement with the customer contains a commitment for 15% of the Hardisty Terminal's capacity. The one-year extension with the customer contracts 7% of the Hardisty terminal's capacity through the end of January 2025, with an option to utilize up to an incremental 4% of the terminal's capacity on a monthly basis.

The renewal contains take-or-pay terms with minimum monthly payments and a slightly higher average rate than the original terminalling services agreement.