NuStar Energy L.P. (NS) Posts Q4 Loss of $0.31/Share

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Go back to NuStar Energy L.P. (NS) Posts Q4 Loss of $0.31/Share

NuStar Energy L.P. Reports Earnings Results for 4Q 2016/Covers Quarterly Distribution for 11th Consecutive Quarter and Third Consecutive Year

January 31, 2017 6:45 AM EST

Announced Sale of Axeons Asphalt Marketing Business is Expected to Generate a $110 Million Cash Payment to NuStar in 2017, Eliminate $125 Million in Credit Support for Axeons Asphalt Marketing Business, Increase Revenue from Terminal Leases by $2 Million Annually and Generate a Non-cash Write-down of $58.7 Million in 4Q 2016

Immediately Accretive Acquisition of Martin Terminal Assets Completed in the Fourth Quarter

$226.5 Million of Series A Perpetual Preferred Units Issued in the Fourth Quarter at a Significantly Lower Cost than Issuing NuStar Common Equity

SAN ANTONIO--(BUSINESS WIRE)-- NuStar Energy L.P.... More