NuStar Energy L.P. Reports Strong Second Quarter 2019 Earnings Results

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NuStar Energy L.P. (NS) Misses Q2 EPS by 9c, Revenues Miss

August 8, 2019 6:49 AM EDT

NuStar Energy L.P. (NYSE: NS) reported Q2 EPS of $0.10, $0.09 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $372.45 million versus the consensus estimate of $474.76 million.

We generated great results this quarter, said Brad Barron, president and chief executive officer of NuStar Energy L.P. All our key indicators were up in the second quarter, including net income, total pipeline and storage segment revenue, earnings before interest, taxes, depreciation and amortization (EBITDA), and distributable cash flow (DCF) available to common limited partners.

Barron noted that NuStar has continued to... More