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Stock Market & Financial Investment News

News Breaks
December 17, 2012
06:36 EDTNS, CLMTCalumet 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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January 30, 2015
13:07 EDTNSOppenheimer reports 9.98% passive stake in NuStar Energy
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10:16 EDTNSNuStar Energy see Q1 EPS 50c-60c, consensus 54c
Guidance from Q4 earnings conference call.
08:54 EDTNSNuStar sees spending $400M-$420M on growth projects, acquisitions in 2015
First quarter 2015 EBITDA results for our pipeline and storage segments should be higher than last year’s first quarter. Both segments should continue to benefit from increased throughput volumes from Phase 1 of our South Texas Crude Oil Pipeline System, which came online in the second quarter of 2014, while our storage segment will also benefit from incremental EBITDA associated with our recent acquisition of the Linden Terminal. First quarter 2015 EBITDA results for the fuels marketing segment should be comparable to last year’s first quarter,” said Brad Barron, President and CEO. Commenting on full-year 2015 guidance, Barron said, “Our pipeline segment EBITDA should be $25 to $45 million higher than 2014, and storage segment EBITDA should be $10 to $30 million higher than 2014, while EBITDA in our fuels marketing segment is expected to be in the range of $20 to $30 million. Based on these projections, we expect to once again cover our distribution for the full-year 2015.” With regard to capital spending projections for 2015, Barron went on to say, “We plan to spend $400 to $420 million on internal growth projects and acquisitions during 2015, while reliability capital spending is expected to be in the range of $40 to $50 million.”
08:52 EDTNSNuStar Energy reports Q4 EPS 54c, consensus 53c
Reports Q4 revenue $681.74M, consensus $777.03M.
08:29 EDTCLMTCalumet Specialty Products management to meet with JPMorgan
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