NuStar Energy L.P. (NS) Misses Q1 EPS by 3c, Revenues Miss

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Go back to NuStar Energy L.P. (NS) Misses Q1 EPS by 3c, Revenues Miss

NuStar Energy L.P. Reports First Quarter 2020 Earnings Results

May 5, 2020 6:45 AM EDT

Outlines Decisive Actions to Increase Liquidity to Address Near-Term Debt Maturities, Preserve Cash and Strengthen Balance Sheet Including $750 Million Unsecured Term Loan Agreement, 33 Percent Distribution Reset and Significant Expense Reductions

Provides Updated 2020 Outlook

SAN ANTONIO--(BUSINESS WIRE)-- NuStar Energy L.P. (NYSE: NS) today reported its first quarter 2020 earnings, which included a net loss of $148 million, resulting from a $225 million non-cash goodwill impairment charge related to its crude oil pipelines reporting unit. The non-cash impairment charge also resulted in unadjusted earnings per... More