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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
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April 22, 2015
09:13 EDTNSNuStar Energy sees FY15 pipeline segment EBITDA up $35M-$55M
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09:11 EDTNSNuStar GP Holdings reports Q1 EPS ex-gain 43c, consensus 41c
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09:10 EDTNSNuStar Energy reports Q1 EPS ex-gain 76c, consensus 58c
Reports Q1 revenue $554.9M, consensus $780.11M. “The South Texas Crude Oil Pipeline expansion led to record, and higher than anticipated, Eagle Ford throughput volumes during the quarter,” said Brad Barron, President and CEo of NuStar Energy (NS) and NuStar GP Holdings (NSH). “During the first quarter, approximately 290,000 barrels per day of crude oil were moved through our South Texas Crude Oil Pipeline System. These record Eagle Ford crude oil throughput volumes and stronger than expected margins in our fuels marketing segment helped us attain a quarterly distribution coverage ratio of 1.25 times.”
April 21, 2015
15:28 EDTNSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 42c... Boeing (BA), consensus $1.81... McDonald's (MCD), consensus $1.06... EMC (EMC), consensus 36c... Abbott Laboratories (ABT), consensus 42c... Thermo Fisher Scientific (TMO), consensus $1.61... Bank of New York Mellon (BK), consensus 59c... TE Connectivity (TEL), consensus $1.01... T. Rowe Price Group (TROW), consensus $1.14... St. Jude Medical (STJ), consensus 91c... Amphenol (APH), consensus 56c... Nielsen (NLSN), consensus 47c... Citizens Financial Group (CFG), consensus 34c... Autoliv (ALV), consensus $1.31... D.R. Horton (DHI), consensus 38c... Westinghouse Air Brake Technologies (WAB), consensus 95c... Huntington Bancshares (HBAN), consensus 19c... SEI Investments (SEIC), consensus 49c... AutoNation (AN), consensus 89c... Gentex (GNTX), consensus 25c... Ryder System (R), consensus $1.00... Owens Corning (OC), consensus 13c... NuStar Energy (NS), consensus 58c... Six Flags (SIX), consensus (67c)... Tupperware Brands (TUP), consensus 98c... MarketAxess Holdings (MKTX), consensus 64c... Lithia Motors (LAD), consensus $1.22... Knight Transportation (KNX), consensus 31c... Evercore Partners (EVR), consensus 58c... Potlatch (PCH), consensus 19c... Natus Medical (BABY), consensus 29c... AZZ (AZZ), consensus 59c... United Community Banks (UCBI), consensus 29c... Sonus Networks (SONS), consensus (31c)... Angie's List (ANGI), consensus 0c... Pacific Premier Bancorp (PPBI), consensus 27c.

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