NuStar Energy L.P. (NS) Misses Q1 EPS by 18c, Revenues Miss

NuStar Energy L.P. (NYSE: NS) reported Q1 EPS of $0.05, $0.18 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $361.65 million versus the consensus estimate of $372.61 million.

“Despite the lingering effects of the pandemic on the global economy and U.S. exports, and a historically unprecedented severe winter weather event, I am pleased to report NuStar turned in a very solid quarter,” said NuStar President and CEO Brad Barron.

“As America begins to recover from the impact of COVID-19 and begins returning to normal activity and growth, we are seeing signs of stabilization and improvement across the U.S. and in NuStar’s footprint,” said Barron. “U.S. refined product demand has improved as COVID vaccinations have continued to allow more and more Americans to return to normal day-to-day activities.”

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

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