trending Market Intelligence /marketintelligence/en/news-insights/trending/dB6ZG2xP2B1-k_OFUg3e5Q2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

NuStar Energy posts higher Q2 adjusted net income despite lower revenue


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Energy Outlook for H2 2021


Corporate renewables market flourished in 2020 despite pandemic


Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

NuStar Energy posts higher Q2 adjusted net income despite lower revenue

NuStar Energy LP on Aug. 8 reported an adjusted net income of $54.3 million, or 18 cents per unit, for the second quarter, up from $29.4 million, or 15 cents per unit, a year ago.

On a GAAP basis, net income reached $46.0 million during the quarter, topping $29.4 million in the prior-year period.

Total revenues went down to $372.4 million for the quarter, compared with $389.3 million a year earlier. The revenue was driven by the service segment at $282.5 million, increasing from $259.6 million in the prior-year period.

Adjusted EBITDA totaled $169.2 million during the quarter, climbing slightly from $157.1 million a year ago.

The pipeline segment had a total throughput of 1.7 million barrels per day for the quarter, up from 1.4 million bbl/d in the prior-year period.

The storage segment posted throughput of 395,512 bbl/d during the quarter, higher than 331,917 bbl/d a year earlier.

The company expects an adjusted EBITDA in the range of $665 million to $715 million for the full year 2019.