NS Stock Recent News

NuStar Energy L.P. (NS) reported earnings 30 days ago.

NuStar reported a record EBITDA for the December quarter. It appears that EBITDA estimates for 2023 might be near $800 million.

NuStar Energy (NS) expects to generate net income in the range of $202-$240 million and EBITDA in the range of $700-$760 million in 2023.

NuStar Energy L.P. (NYSE:NS ) Q4 2022 Earnings Conference Call February 1, 2023 11:00 AM ET Company Participants Pam Schmidt - VP, IR Brad Barron - CEO Tom Shoaf - EVP and CFO Danny Oliver - EVP, Business Development & Engineering Conference Call Participants Theresa Chen - Barclays Gabriel Moreen - Mizuho Michael Blum - Wells Fargo Operator Good day and thank you for standing by.

SAN ANTONIO--( BUSINESS WIRE )--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Wednesday, February 1, 2023 at 10:00 a.m. Central Time to discuss the fourth quarter 2022 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/bgpdnpyj. Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BI757a142163514824bfe28118ca3c0731. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/bgpdnpyj.

NS-C just entered its floating rate phase on 12/15/22 - its future distributions will be 688 basis points + 3-Month LIBOR, now at 4.75%. At its discounted price, NS-C's estimated forward yield is over 13%, with solid 3.81X dividend coverage.

NuStar has delivered good results in 2022 considering the challenges it has had to face. We have generally not found the common shares attractive due to a lot of securities higher up in the capital stack.

NuStar Energy L.P. (NYSE:NS ) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Pam Schmidt - Vice President of Investor Relations Brad Barron - President & Chief Executive Officer Tom Shoaf - Executive Vice President & Chief Financial Officer Danny Oliver - Executive Vice President, Business Development & Engineering Conference Call Participants Theresa Chen - Barclays Gabriel Moreen - Mizuho Group Michael Blum - Wells Fargo Operator Ladies and gentlemen, thank you for standing by and welcome to the Q3 2022 NuStar Energy Earnings Call.

Expect NuStar's business to generate enough cash to pay its ongoing $0.40 per quarter dividend with its premium fracking assets. Because the company will be forced to extinguish at least some of its preferred shares in the next few years, we don't expect any significant changes in the dividend.

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P.