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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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July 24, 2015
10:15 EDTNSNuStar Energy says storage system is about 98% utilized
10:14 EDTNSNuStar Energy sees FY15 Pipeline EBITDA $25M-$40M higher than last year
Cites reduced volume projections. Sees FY15 Fuels Marketing EBITDA $20M-$30M. Sees FY15 CapEx $430M-$450M, which include internal growth projects and acquisition spending. Sees FY15 reliability capital spending $35M-$45M.
10:13 EDTNSNuStar Energy sees Q3 EPS 50c-60c, consensus 68c
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10:09 EDTNSNuStar Energy expects Mont Belvieu propane line to be restored in Q4
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08:59 EDTNSNuStar sees FY15 capex $430M-$450M
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08:57 EDTNSNuStar reports Q2 EPS 54c, consensus 58c
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July 21, 2015
16:26 EDTNSNuStar Energy receives lease approval from Port of Corpus Christi
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