NuStar Q3-2021: A Mixed Bag

Nov. 15, 2021 1:18 PM ETNuStar Energy L.P. (NS), NS.PA, NS.PB, NS.PC, NSS33 Comments

Summary

  • NuStar Energy L.P. reported what appeared to be strong third quarter results.
  • The year-end debt to EBITDA was guided for under 4.0X.
  • There were definite positives in the results, but we are still staying on the sidelines.
  • I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Aerial view oil and gas storage tank for petroleum products at the refinery business company, Industrial tanks for petrol and oil.

AvigatorPhotographer/iStock via Getty Images

When we last covered NuStar Energy L.P. (NYSE:NS), it was after their Q2-2021 results. We described the quarter as a strong one, but we noted that some risks were increasing. Our thoughts were that it was best

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