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NuStar Energy has leveraged the Permian volumes to grow its business, but storage has been a sore spot. Common distribution coverage looks good currently but it will be under a lot of pressure in 2023.
Second-quarter 2022 distributable cash flow available to NuStar Energy (NS) limited partners totals $83 million (providing 1.88X distribution coverage).
NuStar Energy is one of the largest crude oil and refined products pipeline operators in the United States. The company has fairly limited growth prospects due to the strong likelihood of global crude oil demand growth being quite tepid going forward.
NuStar Energy LP (NYSE:NS ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Pam Schmidt - Vice President-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 Michael Blum - Wells Fargo James Carreker - US Capital of Advisors Christopher Jeffrey - Mizuho Group Securities, USA Operator Good day everyone, and thank you for standing by. Welcome to the NuStar Energy's Second Quarter 2022 Earnings Call.
NuStar is overleveraged and barely generates surplus cash flow after distributions and capex. But we see two fundamental catalysts that change the picture for the better over the next few years.
The consensus price target hints at a 25.2% upside potential for NuStar Energy L.P. (NS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, August 4, 2022 at 9:00 a.m. Central Time to discuss the second quarter 2022 earnings results, which will be released earlier that day. 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/BI551c68c87b4e4d8db8b4cef5569668c5. Persons interested in listen-only par
NuStar Energy is one of the largest crude oil pipeline operators in the United States. NuStar management continues to be optimistic about the company's forward growth potential, but I do not see that as particularly likely.
NuStar Energy's (NS) stock is up 4.4% since first-quarter earnings beat the consensus mark, while revenues lagged the same.
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 2022 Energy Infrastructure Council Investor Conference on Monday, May 16, 2022 and Tuesday, May 17, 2022. The materials to be discussed in the meetings will be available on the partnership's website at 9:30 a.m. Eastern Time, Monday, May 16, 2022. NuStar Energy L.P., a publicly traded master limited partnership based