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.
July 29, 2014
10:57 EDTNSBalyasny Asset reports 5.07% passive stake in NuStar Energy
Subscribe for More Information
July 28, 2014
10:02 EDTNSOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:32 EDTNSNuStar Energy upgraded at Credit Suisse
Credit Suisse upgraded NuStar (NS) to Outperform from Neutral citing the strong Q2 report, strong volumes and increased confidence in growth. Price target raised to $71 from $58.
06:37 EDTNSNuStar Energy upgraded to Outperform from Neutral at Credit Suisse
July 25, 2014
08:56 EDTNSNuStar Energy sees Q3 EBITDA higher vs. 3Q13
Subscribe for More Information
08:55 EDTNSNuStar Energy still sees pipeline segment EBITDA $40M-$60M higher vs. FY13
Subscribe for More Information
08:52 EDTNSNuStar Energy reports Q2 EPS 58c, consensus 46c
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