Earnings: Nu Star Holdings’ Improved Earnings $NSH

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On July 24, 2015, Posted by , In Earnings,Energy, By ,,,, , With Comments Off on Earnings: Nu Star Holdings’ Improved Earnings $NSH

NuStar GP Holdings, has announced the second quarter results for FY-2015~16.

The result shows 6 months earnings up from $0.69 to $0.99 while qaurter;y cash flow was up at $22.9 Million from $22.8 million YoY.

Net income for the second quarter of 2015 was $15.5 million, or $0.37 per unit, compared to $15.8 million, or $0.37 per unit, for the second quarter of 2014. For the six months ended June 30, 2015, net income was $42.3 million, or $0.99 per unit, compared to $29.4 million, or $0.69 per unit for the six months ended June 30, 2014.

For the six months ended June 30, 2015, NuStar Energy L.P. reported net income applicable to limited partners of $157.0 million, or $2.01 per unit. Absent the gain related to NuStar Energy L.P.’s January 2, 2015 acquisition of the remaining 50% ownership in the Linden terminal, NuStar Energy L.P.’s adjusted net income applicable to limited partners for the six months ended June 30, 2015 would have been $101.8 million, or $1.30 per unit and NuStar GP Holdings, LLC’s adjusted net income for the six months ended June 30, 2015 would have been $33.9 million, or $0.80 per unit.

“NuStar GP Holdings, LLC’s second quarter results benefitted from NuStar Energy L.P.’s strong Eagle Ford throughput volumes in its pipeline and storage segments during the quarter,” said Brad Barron, President and Chief Executive Officer of NuStar Energy L.P. and NuStar GP Holdings, LLC.

View the full earnings release here.

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