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Stock Market & Financial Investment News

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January 14, 2013
10:01 EDTNS, NSHNuStar Energy sees Q4 earnings lower than a year ago
The company says in an 8-K filing that 4Q12 earnings are expected to be lower than 4Q11 as the expected additional earnings from those completed projects should be offset by lower vessel calls, higher maintenance costs at several of NuStar Energy’s terminal facilities and approximately $10 million in cancelled capital project costs. Overall, NuStar Energy expects the FY12 earnings for the storage segment to exceed 2011. NuStar Energy expects 2013 results in the segment to be higher than 2012. NuStar Energy expects earnings of the transportation segment for the fourth quarter and the full year 2012 to be higher as compared to the same periods in 2011.
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