NuStar Energy L.P. (NS) Misses Q2 EPS by 19c

August 4, 2020 6:50 AM EDT

NuStar Energy L.P. (NYSE: NS) reported Q2 EPS of ($0.06), $0.19 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $339.5 million versus the consensus estimate of $363.67 million.

The following is a reconciliation of net loss to EBITDA to adjusted EBITDA.

Projected for the Year Ended
December 31, 2020

Net loss

$ (75,000 - 35,000)

Interest expense, net

225,000 - 240,000

Income tax expense

5,000 - 10,000

Depreciation and amortization expense

285,000 - 295,000

EBITDA

440,000 - 510,000

Goodwill impairment loss (a)

225,000

Adjusted EBITDA

$ 665,000 - 735,000

(a)

Represents a non-cash goodwill impairment charge related to our crude oil pipelines reporting unit.

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



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