Nustar Energy Stock Price, News & Analysis

NuStar Energy L.P. (NYSE: NS) achieved record fourth quarter net income of $92 million or $0.18 per unit in 2022, an increase from $58 million in 2021. Adjusted net income was $75 million or $0.34 per unit, up from $52 million or $0.14 per unit year-over-year. The company reported a record-breaking average of 584,000 barrels per day in its Permian Crude System, a 13% increase from 4Q 2021. Full-year adjusted EBITDA reached $722 million, with Q4 adjusted EBITDA at $197 million, reflecting a 16% increase. Looking ahead, NuStar anticipates 2023 net income between $202 and $240 million, with a focus on strategic capital expenditures.

NuStar Energy L.P. (NYSE: NS) has declared a fourth quarter 2022 common unit distribution of $0.40 per unit, payable on February 14, 2023, to holders of record by February 8, 2023. Additionally, it announced preferred unit distributions for Series A at $0.71889, Series B at $0.64871, and Series C at $0.72602, to be paid on March 15, 2023. A conference call is scheduled for February 1, 2023, at 10:00 a.m. CT to discuss fourth quarter results. NuStar, based in San Antonio, operates approximately 9,500 miles of pipeline and 63 storage facilities across the U.S. and Mexico.

NuStar Energy L.P. (NYSE: NS) will host a conference call on February 1, 2023, at 10:00 a.m. Central Time to discuss its fourth quarter 2022 earnings results. The earnings release will be made available earlier that day. Participants can access the call via the provided links for listen-only or Q&A participation. NuStar operates a vast pipeline network of approximately 10,000 miles and 63 terminal facilities in the U.S. and Mexico, with about 49 million barrels of storage capacity.

NuStar Energy L.P. (NYSE: NS) announced management meetings with the investment community at the 2022 Wells Fargo Midstream and Utility Symposium on December 7-8, 2022. Discussion materials will be available on the partnership’s website by 9:00 a.m. ET on December 7. Based in San Antonio, Texas, NuStar is among the largest independent liquids terminal and pipeline operators in the U.S., boasting approximately 10,000 miles of pipeline and 63 terminal and storage facilities, which store and distribute various liquids with a combined 49 million barrels of storage capacity.

NuStar Energy reported strong third quarter 2022 results with net income of $60 million ($0.20 per unit), a recovery from a net loss of $125 million in Q3 2021. The Permian Crude System achieved record-breaking volumes averaging 580,000 barrels per day, up 15% year-over-year, with expectations to exit 2022 near 600,000 BPD. Distributable cash flow was $93 million, and the distribution coverage ratio stood at 2.12 times. Debt metrics improved as total debt decreased, and NuStar anticipates full-year net income between $193-$206 million. An optimization initiative aims to reduce capital spending significantly.

NuStar Energy L.P. (NYSE: NS) announced a third quarter 2022 common unit distribution of $0.40 per unit, payable on November 14, 2022. Record date for holders is November 7, 2022. The company also declared Series A, B, and C preferred unit distributions of $0.64059, $0.57040, and $0.56250 respectively, payable on December 15, 2022, with a record date of December 1, 2022. A conference call is scheduled for November 3, 2022, to discuss financial and operational results for Q3 2022.

NuStar Energy L.P. has announced the election of Brad Barron, the current president and CEO, as the new chairman of the board, succeeding Bill Greehey, who becomes chairman emeritus. Greehey has served since 2001 and has been pivotal in leading NuStar and its predecessor Valero Energy Corporation. Barron expressed confidence in Greehey's legacy, stating he will continue philanthropic efforts while remaining affiliated with NuStar. NuStar is one of the largest petroleum pipeline and terminal operators in the U.S., with approximately 10,000 miles of pipeline.

NuStar Energy L.P. (NYSE: NS) will host a conference call on November 3, 2022, at 9:00 a.m. Central Time to discuss its third quarter 2022 earnings results. Interested participants can join via a direct link or register for dial-in options. The call will be accessible on NuStar's Investors website. NuStar operates approximately 10,000 miles of pipelines and 63 terminal facilities in the U.S. and Mexico, with a total storage capacity of 49 million barrels.

NuStar Energy, L.P. (NYSE: NS) has made its 2021 Schedule K-3 available online for unitholders needing international tax information. The Schedule K-3 is particularly important for foreign unitholders and those requiring detailed tax credit computations. Unitholders can access the form at www.nustarenergy.com. For assistance in receiving an electronic copy, unitholders can contact Tax Package Support during business hours. NuStar operates a significant system of pipelines and storage facilities across the U.S. and Mexico.