NuStar Energy L.P. (NYSE: NS) is
a publicly traded limited partnership, based in San Antonio, operating 9,063 miles of pipeline, 85 terminal facilities, four crude oil storage tank facilities and two asphalt refineries. The terminals offer pilotage, tug assistance and other ship services. The firm is one of the largest asphalt refiners and independent liquids terminal operators in the United States. It also operates facilities in the Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. BP plc (NYSE: BP) is a major competitor
NuStar pleased investors late last month, when it announced that strong asphalt revenues were expected to generate Q3 earnings of at least $2.25 per share. The Street was looking for $1.55. The CEO noted that tight supply conditions were resulting in a significant increase in the margins for asphalt and intermediate products.
Struggling Playboy outsources business ops
J. Crew earnings preview: A strong Q3 all buttoned up?
Twitter to make acquisitions, generate revenue in 2010
