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Stock Market & Financial Investment News

News Breaks
December 17, 2012
06:36 EDTCLMT, NSCalumet Specialty Products acquires refinery assets from NuStar Energy for $115M
Calumet Specialty Products (CLMT) announced that it has signed a definitive agreement to acquire the San Antonio, Texas refinery and associated crude oil pipeline, crude oil terminal, other operating and logistics assets and inventories of NuStar Refining and NuStar Logistics, both wholly owned subsidiaries of NuStar Energy (NS), for aggregate consideration of approximately $100M, plus an amount for closing date inventory estimated to be $15M, subject to customary purchase price adjustments. Closing of the transaction is expected to occur in January 2013.
News For CLMT;NS From The Last 14 Days
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April 24, 2014
06:50 EDTNSNuStar Energy upgraded to Buy from Hold at Stifel
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April 23, 2014
09:30 EDTNSNuStar Energy sees 2Q14 EPU, EBITDA to exceed 2Q13 results
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09:29 EDTNSNuStar backs FY14 pipeline segment EBITDA $40M-$60M higher than FY13
The company said, "Reaffirming the FY14 guidance we provided in February, we expect our pipeline segment EBITDA to be $40M-$60M higher than FY13 and our storage segment adjusted EBITDA to be comparable to FY13. We expect our fuels marketing segment to generate EBITDA in the range of $10M-$30M. Based on these projections, we expect to start covering our distributions in 2H14 and for FY14. We expect to spend $350M-$370M on internal growth projects during FY14, the majority of which will be spent on projects in our pipeline segment. Our FY14 reliability capital spending remains unchanged, and is expected to be in the range of $35M-$45M.
09:25 EDTNSNuStar Energy reports Q1 EPS 36c, consensus 36c
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