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Last $63.07 USD
Change Today -0.79 / -1.24%
Volume 32.4K
NS On Other Exchanges
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Exchange
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As of 11:50 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

nustar energy lp (NS) Key Developments

NuStar and CHS to Expand Pipeline and Terminal Infrastructure to Transport and Store Propane in Upper Midwest U.S

NuStar Energy L.P. and CHS Inc. announced that the companies are pursuing a strategic alliance to develop an expanded pipeline and terminal network that will increase supply of propane to meet product demand in the Upper Midwest. Key projects under development include construction of an eight-mile, eight-inch pipeline at NuStar's Conway, Kan., origin facility, which is near the southern end of NuStar's East Refined Products Pipeline System. The new pipeline and modifications to the origin facility will allow for increased propane supply to be sourced from Conway, Kan., for delivery to propane terminals on the system. NuStar will also expand its Rock Rapids, Iowa, terminal to include propane services. This terminal expansion will allow NuStar to gain more efficiencies in an underutilized facility, and allow CHS to better supply the region with propane.

NuStar Seeks Acquisitions

NuStar Energy L.P. (NYSE:NS) is seeking acquisitions. NuStar has filed a shelf registration in the amount of $500 million. NuStar intends to use net proceeds from sale of securities for working capital, capital expenditures and acquisitions.

NuStar Energy L.P. Declares First Quarter 2015 Distribution, Payable on May 14, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Fiscal 2015

NuStar Energy L.P. announced that its board of directors has declared a first quarter 2015 distribution of $1.095 per unit. The first quarter 2015 distribution will be paid on May 14, 2015 to holders of record as of May 8, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues were $554.944 million against $849.213 million a year ago. Operating income was $99.281 million against $81.103 million a year ago. Income from continuing operations before income tax expense was $129.512 million against $47.113 million a year ago. Income from continuing operations was $127.125 million against $42.996 million a year ago. Net income was $127.899 million against $39.637 million a year ago. Net income applicable to limited partners was $114.536 million against $28.144 million a year ago. Net income per unit applicable to limited partners from continuing operations was $1.46 against $0.40 a year ago. Net income per unit applicable to limited partners was $1.47 against $0.36 a year ago. EBITDA from continuing operations was $214.006 million against $126.705 million a year ago. Adjusted net income applicable to limited partners was $59.385 million or $0.76 per unit. Adjusted EBITDA from continuing operations was $157.729 million. Distributable cash flow (DCF) from continuing operations available to limited partners was $106.8 million, or $1.37 per unit, compared to 2014 first quarter DCF from continuing operations available to limited partners of $77.9 million, or $1.00 per unit. Due to higher than expected first quarter throughputs for South Texas Crude Oil Pipeline System, the company now anticipates 2015 pipeline segment EBITDA to be $35 to $55 million higher than 2014. The storage segment EBITDA is still expected to be $10 to $30 million higher than 2014, while fuels marketing segment is still projected to be in the range of $20 to $30 million. With regard to capital spending for 2015, the projected strategic capital spending remains at $400 to $420 million, while 2015 reliability capital spending is now projected to be in the $45 to $55 million range.

NuStar Energy L.P. Extends Naphtha Agreement with PEMEX for Further 10-Year

NuStar Energy LP declared that it has inked a new 10-year deal with PMI, an affiliate of Petroleos Mexicanos, to extend its earlier 10-year contract signed in 2005 to transport and store naphtha, a gasoline blending component, for PMI. As per the agreement, naphtha produced at Pemex's Reynosa-Burgos complex in northern Mexico is transported via NuStar's Burgos Valley pipeline system to NuStar's terminal in Edinburg.

NuStar Energy L.P. to Report Q1, 2015 Results on Apr 22, 2015

NuStar Energy L.P. announced that they will report Q1, 2015 results at 9:00 AM, Central Standard Time on Apr 22, 2015

 

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Industry Analysis

NS

Industry Average

Valuation NS Industry Range
Price/Earnings 19.8x
Price/Sales 1.8x
Price/Book 2.9x
Price/Cash Flow 11.1x
TEV/Sales 0.7x
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