New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 14, 2012
09:19 EDTNSNuStar Energy closes on purchase of crude pipeline from TexStar Midstream
NuStar Energy announced that it has closed on the purchase of crude oil pipeline, gathering and storage assets in the Eagle Ford Shale region from TexStar Midstream Services LP for approximately $325M. The company is also acquiring natural gas liquids assets from TexStar that are also in the Eagle Ford Shale region for approximately $100M, and that acquisition is expected to close in the first quarter of 2013, subject to certain closing conditions. NuStar expects to spend $65M-$85M over the next 18 to 24 months to integrate and complete crude gathering and terminal assets, and projected EBITDA from the assets is expected to range between $10M-$30M in 2013, between $45M-$65M in 2014, and between $50M-$70M in 2015 and beyond when the assets are completed and fully integrated. Approximately $330M of growth capital will be required to complete NGL projects after that acquisition closes, and estimated EBITDA generated from the NGL assets should be in the $40 to $60 million range in 2014, and in the $70M-$90M range in 2015 and beyond upon completion of the NGL asset projects.
News For NS From The Last 14 Days
Check below for free stories on NS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2014
09:30 EDTNSNuStar Energy sees 2Q14 EPU, EBITDA to exceed 2Q13 results
Subscribe for More Information
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
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use