NS Stock Recent News

NuStar (NYSE: NS ) stock is rising higher on Monday as investors celebrate a $7.3 billion deal with Sunoco (NYSE: SUN ) for the fuel transportation company. The deal has Sunoco acquiring NuStar by offering .4 shares of SUN stock for each share of NS stock that investors hold.

Sunoco LP SUN, -1.70% and NuStar Energy LP NS, said Monday they have agreed to combine in an all-stock deal valued at about $7.3 billion, including debt. Under the terms of the deal, NuStar common unitholders will receive 0.400 Sunoco shares for each unit owned, equal to a 24% premium based on the 30-day volume-weighted average prices of NuStar and Sunoco as of Jan. 19.

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, February 15, 2024 at 9:00 a.m. Central Time to discuss the fourth quarter 2023 earnings results, which will be released earlier that day. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/ix273q3o. Persons interested in Q&A participation may pre-register for the conference call and obtain a d.

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that members of management will participate in meetings with members of the investment community at the following upcoming events: Mizuho Power, Energy & Infrastructure Conference on December 5, 2023; and Wells Fargo 22nd Annual Midstream & Utilities Symposium on December 6, 2023. The materials to be discussed in the meetings will be available on the partnership's website by 12:00 p.m. Eastern Time, Tuesday, Dec.

NuStar Energy (NS) expects net income to be in the range of $261-$273 million for full-year 2023, and adjusted EBITDA in the band of $720-$740 million.

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, November 2, 2023 at 9:00 a.m. Central Time to discuss the third quarter 2023 earnings results, which will be released earlier that day. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/3v3uhf8c. Persons interested in Q&A participation may pre-register for the conference call and obtain a dia.

NuStar Energy's preferred shares have performed better than its common shares, with the 7.625% Series B Fixed to Float Cumulative Redeemable Perpetual Preferred Units appreciating to par. Q2-2023 revenues for NuStar showed steady performance in pipelines, but a decline in storage revenues pushed EBITDA lower. We examine the falling distribution coverage and update our thesis.

NuStar Energy has been focused on exhausting one of its preferred offerings, with the Series D issue yielding an egregious 14%. The company's 2nd quarter weakness was due to producer issues in the Permian Basin, which have now been resolved. NuStar continues to invest in future growth, including an ammonia product facility connection and renewable products storage in California.

NuStar Energy (NS) expects net income in the range of $252-$290 million and adjusted EBITDA in the band of $700-$760 million for full-year 2023.

While the top- and bottom-line numbers for NuStar Energy L.P. (NS) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.