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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.