NuStar Energy (NS) Tops Q2 EPS by 2c

NuStar Energy (NYSE: NS) reported Q2 EPS of $0.54, $0.02 better than the analyst estimate of $0.52. Revenue for the quarter came in at $570.6 million versus the consensus estimate of $583.51 million.

015 Earnings Guidance

“Due to reduced volume projections for the remainder of the year on pipelines that serve our Gulf Coast markets, we now expect our pipeline segment EBITDA to be $25 to $45 million higher than 2014. With higher storage throughputs and favorable renewals at several of our terminals, we now expect storage segment EBITDA to be $20 to $40 million higher than 2014. Our fuels marketing segment EBITDA is still projected to be in the range of $20 to $30 million,” said CEO Brad Barron.

Barron continued, “We have updated our capital spending projections for 2015. Our 2015 strategic capital spending is now expected to be $430 to $450 million, while our 2015 reliability capital spending is expected to be $35 to $45 million.”

For earnings history and earnings-related data on NuStar Energy (NS) click here.

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