NuStar GP Holdings Q1 Profit Rises - Quick Facts

4/25/2012 9:21 AM ET

NuStar GP Holdings, LLC (NSH: Quote) 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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by RTT Staff Writer

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