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NS

NuStar Energy L.P.

5/25/2013, 2:23 PM ET

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Wednesday, April 24, 9:38 AM More on NuStar's (NS -1.9%) Q1 results: Results may not be comparable. Fuels marketing segment generated a loss, blamed on weak demand for bunkers and fuel oil plus increased competition in the Caribbean. Expects full-year 2013 EBITDA for all three segments to finish higher Y/Y. Sees 2013 capex at $400M-$425M, primarily on Eagle Ford projects. 1 Comment [Energy, Earnings, On the Move]
Wednesday, April 24, 9:13 AM NuStar Energy (NS): Q1 EPS of $0.06. Revenue of $999.7M beats by $340.07M. (PR) 1 Comment [Earnings, Breaking News]
Wednesday, April 24, 12:05 AM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Tuesday, April 23, 5:30 PM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Wednesday, April 10, 5:35 PM Barclays sees the growth in crude oil rail transport as a “slight positive” for MLPs, as it provides terminal investment opportunities and potential synergies partially offset by increasing competition. The financial impact of rail on MLPs is still relatively modest, the firm says, as pipelines remain the dominant mode of U.S. crude transportation due to cost and safety advantages relative to rail, barge and truck. 3 Comments [Energy]
Monday, March 4, 11:35 AM NuStar Energy (NS -5.4%) is downgraded to Neutral from Outperform at Credit Suisse, which believes the company's distribution is again at risk to a cut following TexStar's termination of the NGL acquisition. Given the material impact of the failed transaction, the firm expects shares again will reflect the risk of a distribution cut. 8 Comments [Energy, Quick Ideas, On the Move]
Friday, February 1, 9:46 AM More on NuStar's (NS) Q4 results: Includes $0.52 per unit of expense items not reflected in initial Q4 guidance, roughly half relating to hedge losses recorded following the decision to sell the San Antonio refinery. Expects 2013 EBITDA results for all three segments to improve vs. 2012. Capital spending projected at $600M-$625M for 2013. Shares -1.4%. Comment! [Energy, Earnings, On the Move]
Friday, February 1, 9:10 AM NuStar Energy (NS): Q4 EPS of $0.25 misses by $0.07. Revenue of $984.7M beats by $183.48M. Comment! [Earnings, Breaking News, Energy]
Friday, February 1, 12:05 AM Notable earnings before Friday’s open: AON, BEAM, BEN, BPO, CVX, HCLP, IR, LM, LYB, MAT, MRK, NOV, NS, NWL, PRGO, TSN, WETF, XOM Comment! [Earnings]
Thursday, January 31, 5:30 PM Notable earnings before Friday’s open: AON, BEAM, BEN, BPO, CVX, HCLP, IR, LM, LYB, MAT, MRK, NOV, NS, NWL, PRGO, TSN, WETF, XOM Comment! [Earnings]
Monday, December 17, 2012, 10:55 AM NuStar Energy (NS +0.9%) agrees to sell its 14.5K bbl/day San Antonio refinery and a related terminal in Elmendorf, Tex., to Calumet Specialty Products Partners (CLMT -0.2%) for $100M plus ~$15M of inventory. The sale is part of NS' plan to shift away from the margin-based refining and marketing business to further grow its fee-based pipeline and storage operations. Comment! [Energy]
Thursday, December 13, 2012, 10:27 AM NuStar Energy (NS) enters into an agreement with ConocoPhillips (COP) allowing for expansion of its South Texas Crude Oil Pipeline System and serving COP's growing Eagle Ford shale production. Combined with construction of a new ship dock in Corpus Christi to support the North Beach Terminal, NS expects to invest $100M-$120M for the expansions. Comment! [Energy]
Thursday, November 29, 2012, 11:03 AM NuStar Energy (NS +4.2%) shares pop higher following a management update (Briefing.com): NS is in advanced talks with an interested buyer for its San Antonio refinery; four internal growth projects in the Eagle Ford shale have been completed; interest from its Niobrara Shale play could increase as additional production comes online in future years. 1 Comment [Energy, On the Move]
Tuesday, November 13, 2012, 2:21 PM NuStar Energy (NS +5.8%) is upgraded to Neutral from Underperform at Credit Suisse, which says its concerns regarding the sustainability of NS' distribution are now reflected in the unit price. The firm thinks units are fairly valued based upon the cash flow power of NS' underlying fee-based pipeline and storage assets. Comment! [Energy, Quick Ideas, On the Move]
Thursday, November 8, 2012, 9:39 AM NuStar Energy (NS +0.5%) will purchase crude oil pipeline, gathering and storage assets, as well as liquid natural gas assets, in the Eagle Ford shale from TexStar Midstream Services for $425M. The transactions likely will be financed under its credit facility and junior subordinated notes. NS also says it plans to sell its refinery and terminal in Elmendorf, Tex. Comment! [Energy, M&A]
Friday, October 26, 2012, 3:22 PM NuStar Energy (NS -2.3%) dips on a downgrade to Underperform at Credit Suisse today, citing deterioration in its asphalt and fuels marketing businesses and concerns over distribution coverage. The firm also slashed its price target to $44 from $64. 2 Comments [On the Move, Commodities]