Nustar Energy Stock Price, News & Analysis

NuStar Energy L.P. (NYSE: NS) reported a strong second quarter of 2022, showing net income of $59 million or $0.20 per unit, though down from $63 million in Q2 2021. The Permian Crude System achieved record volumes of 522,000 barrels per day, marking a 16% year-over-year increase. EBITDA was $175 million compared to $189 million in the prior year. Debt metrics improved significantly, with a debt-to-EBITDA ratio of 3.93 times. Full-year 2022 guidance estimates net income between $193 to $226 million and adjusted EBITDA of $700 to $750 million. NuStar continues to expand its projects across the West Coast.

NuStar Energy L.P. (NYSE: NS) has announced a second quarter 2022 common unit distribution of $0.40 per unit, payable on August 12, 2022, to holders of record as of August 8, 2022. Additionally, the Board declared preferred unit distributions: Series A at $0.54808, Series B at $0.47789, and Series C at $0.56250, payable on September 15, 2022, to holders of record as of September 1, 2022. A conference call discussing Q2 2022 results is scheduled for 9:00 a.m. CT on August 4, 2022.

NuStar Energy L.P. (NYSE: NS) will host a conference call on August 4, 2022, at 9:00 a.m. Central Time to discuss its second quarter 2022 earnings results. Participants can register for Q&A or listen-only access via links provided. NuStar is a leading independent liquids terminal and pipeline operator with approximately 10,000 miles of pipeline and 63 terminal facilities, storing and distributing various liquids, including crude oil and renewable fuels. The partnership boasts a total storage capacity of 49 million barrels across its operations in the U.S. and Mexico.

NuStar Energy L.P. (NYSE: NS) announced its participation in the 2022 Energy Infrastructure Council Investor Conference on May 16-17, 2022. Management will meet with the investment community, and materials will be available at 9:30 a.m. ET on May 16 on the company’s website. Based in San Antonio, Texas, NuStar is a leading independent liquids terminal and pipeline operator, with roughly 10,000 miles of pipeline and 63 facilities for storing and distributing crude oil, refined products, and more. The partnership holds about 49 million barrels of storage capacity and operates in the U.S. and Mexico.

NuStar Energy L.P. reported solid Q1 2022 results, driven by strong volumes in its Permian Crude System. The average throughput was 510,000 barrels per day, reflecting a 27% year-over-year increase. Net income stood at $12 million, with adjusted net income of $57 million, up 36% from Q1 2021. Adjusted EBITDA was $173 million, a 2% increase. The company expects to exit 2022 with 560,000 to 570,000 barrels per day. Positive capital outlook includes $50 million in expense reductions. The debt-to-EBITDA ratio improved to 3.92 times, enhancing financial flexibility.

NuStar Energy L.P. has successfully completed the sale of its terminal in Nova Scotia, Canada to EverWind Fuels for $60 million. This 7.8 million-barrel storage terminal, located at Point Tupper, represents a strategic move to optimize NuStar's business and enhance financial flexibility. CEO Brad Barron emphasized that the proceeds will aid in debt reduction and contribute to future opportunities, aligning with their multi-year optimization strategy. Barclays acted as the financial adviser for this transaction.

NuStar Energy L.P. (NYSE: NS) has declared a Q1 2022 common unit distribution of $0.40 per unit, payable on May 13, 2022, to shareholders of record as of May 9, 2022. Additionally, the company announced distributions for preferred units, including $0.47817 for Series A, $0.47657 for Series B, and $0.56250 for Series C, payable on June 15, 2022. A conference call is scheduled for May 5, 2022, to discuss Q1 results, with access via phone or online.

NuStar Energy L.P. (NYSE: NS) will host a conference call on May 5, 2022, at 9:00 a.m. Central Time to discuss its Q1 2022 earnings results. The earnings report will be released earlier that day. Interested parties can dial 844/889-7787 or access the call via the internet at this link. NuStar, based in San Antonio, Texas, operates approximately 10,000 miles of pipeline and 64 terminal facilities, with a combined storage capacity of 57 million barrels.

NuStar Energy L.P. (NYSE: NS) announced management participation in the US Capital Advisors Midstream Corporate Access Day on March 30, 2022, with discussions available online at 8:30 a.m. CT. As a leading independent liquids terminal and pipeline operator, NuStar operates approximately 10,000 miles of pipeline and 64 terminals across the U.S., Canada, and Mexico. The partnership can store approximately 57 million barrels of various liquids, including crude oil and renewable fuels. More information can be found on their website.