NuStar GP Holdings, LLC (NSH) posted first-quarter net income of $11 million or $0.26 per unit compared to $10.2 million or $0.24 per unit last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
The company said distributable cash flow available to unitholders for the first quarter rose to $21.9 million or $0.52 per unit from $20.6 million or $0.49 per unit in the prior year.
NuStar GP Holdings further stated that its board of directors has declared a distribution of $0.51 per unit.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.