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Sunoco LP's acquisition of NuStar Energy creates a vertically integrated oil and gas giant with a market cap of $7.36 billion and extensive pipeline and terminal assets. The Q2 2024 earnings report shows successful initial integration, with adjusted EPS of $1.48 and total revenue of $6.17 billion, beating analyst expectations. Despite increased debt from the acquisition, Sunoco's strong top-line performance and distributable cash flow support a healthy dividend yield of 6.56%.
Sunoco LP distributes motor fuels to independent dealers, distributors, and commercial customers in over 40 states, totaling 8.3 billion gallons in 2023, via five subsidiary oil companies. Recent M&A activity includes acquisitions of transportation terminals, processing facilities, and convenience stores, culminating in the transformational acquisition of NuStar Energy LP for $7.3 billion. I create pro forma financial statements by combining recent financial results of NuStar and Sunoco to evaluate the investability of the senior notes and the common units after the merger.
Recently, Zacks.com users have been paying close attention to NuStar Energy (NS). This makes it worthwhile to examine what the stock has in store.
NuStar Energy L.P. (NS) closed the most recent trading day at $22.50, moving -1.49% from the previous trading session.
DNOW, TOL and NS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 20, 2024.
NuStar Energy (NS) expects net income in the $220-$260 million range for full-year 2024, with EBITDA in the band of $720-$780 million.
The headline numbers for NuStar Energy L.P. (NS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Today we show investors how to screen for stocks that offer a great combination of enticing valuation levels and improving earnings outlooks to consider buying in February and throughout 2024.
The energy transport and storage specialist is being bought out by a large peer in its industry. The deal is valued at roughly $7.3 billion.
NuStar Energy L.P. (NS) witnessed a jump in share price last session on above-average trading volume.