NuStar Energy L.P. Beats Analysts’ Expectations for First Quarter 2009 Earnings and Announces Quarterly Distribution
4/30/2009 12:00:00 AM
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $31.6 million, or $0.58 per unit, for the first quarter of 2009, which is better than the $0.25 to $0.50 per unit guidance previously communicated and higher than analysts’ estimates. These results compare to $49.6 million, or $1.01 per unit, earned in the first quarter of 2008.