NuStar Energy (NS) Beats on Q4 Earnings and Revenues

HAL PTEN CLMT

NuStar Energy reported fourth-quarter adjusted earnings per unit of 34 cents, which was above the Zacks Consensus Estimate of 27 cents and improved significantly from the year-ago figure of 14 cents. This was primarily on account of all-time high Permian volumes, which averaged 584000 daily during the quarter.

NuStar Energy reported revenues of $430 million that also beat the consensus mark of $350 million and edged up 3.1% year over year. 

NuStar recorded an operating income of $129.4 million, up from $101.7 million in the last year’s corresponding quarter.

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