logo
Share SHARE
FONT-SIZE Plus   Neg

NuStar Energy LP Reports Drop In Q1 Net Income/Unit - Quick Facts

NuStar Energy LP (NS) Wednesday reported net income applicable to limited partners for the first quarter ended 31 March 2012 of $16.0 million, or $0.23 per unit, lower than net income of $19.4 million, or $0.30 per unit, reported for the same period last year.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.29 per share for the first quarter of 2012. Analysts estimate typically exclude special items.

Total revenues for the first quarter increased to $1.73 billion from $1.23 billion reported in the year-ago quarter.

Curt Anastasio, Chief Executive Officer and President of NuStar Energy L.P. said: "In our Asphalt and Fuels Marketing segment, improved results in our crude oil trading operation were more than offset by continued weak asphalt demand and high crude oil costs in our asphalt and San Antonio refinery operations. This caused our EBITDA results for the segment to be lower than the first quarter of 2011."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's offers smartphone lockers so as to help customers spend quality time during family meals. The "Phone off. Fun On" campaign, introduced recently in a Singapore branch, aims to encourage diners to take a break from the virtual world to have real conversations over meals. U.S. Bancorp (USB) reported net income of $1.56 billion for the third quarter of 2017, or $0.88 per share, compared to $1.50 billion, or $0.84 per share, in the third quarter of 2016. On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter.... Dutch semiconductor equipment maker ASML Holding NV reported Wednesday higher profit in its third quarter as sales were boosted mainly with strong demand for DUV Systems. Meanwhile, margin declined. Looking ahead, the company projects sequentially lower sales in its fourth quarter. For fiscal 2017, the company maintained forecast for higher sales.
comments powered by Disqus
Follow RTT