Brief: NuStar Energy L.P. Reports Solid Third Quarter Of 2021 Results

NuStar Energy LP

04/11/2021 12:57

Nov 4 (Reuters) - NuStar Energy LP  NS.N :
    * NUSTAR ENERGY L.P. REPORTS SOLID THIRD QUARTER OF 2021
RESULTS
    * Q3 ADJUSTED EARNINGS PER SHARE $0.16 EXCLUDING ITEMS
    * Q3 LOSS PER SHARE $1.48
    * EXPECTS TO SELF-FUND ALL SPENDING FROM INTERNALLY
GENERATED CASH
FLOWS FOR 2021, 2022 AND BEYOND
    * PERMIAN CRUDE SYSTEM VOLUME ON TRACK TO EXIT 2021 AT
AROUND
514,000 BARRELS PER DAY
    * QTRLY PERMIAN CRUDE SYSTEM VOLUMES HIT RECORD-BREAKING
AVERAGE
OF 502,000 BARRELS PER DAY
    * 2021 FULL-YEAR OUTLOOK HIGHER THAN PREVIOUS EXPECTATIONS
    * CONTINUE TO EXPECT OUR REFINED PRODUCTS SYSTEMS TO PERFORM
AT OR
ABOVE 100 PERCENT OF OUR PRE-PANDEMIC RUN-RATE FOR REMAINDER OF
2021
    * EXPECTS ITS 2021 ADJUSTED EBITDA TO BE IN RANGE OF $685 TO
$715
MILLION
    * EXPECT TO SPEND $140 TO $160 MILLION ON STRATEGIC CAPITAL
AND
$35 TO $45 MILLION ON RELIABILITY CAPITAL IN 2021
    * QTRLY TOTAL REVENUES $412.3 MILLION VERSUS $362.6 MILLION
    * Q3 EARNINGS PER SHARE VIEW $0.26, REVENUE VIEW $378.6
MILLION --
REFINITIV IBES DATA

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