NuStar’s earnings squeezed by tight asphalt margins
By | Published: January 27, 2012
NuStar Energy LP ended the year with a significant increase in revenues as the company transported more crude oil and refined products.
However, the company’s earnings were dragged down by lowered margins in asphalt operations.
The company reported $30.2 million in net income, or 30 cents per unit, on revenues of $1.9 [...]
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NuStar’s earnings squeezed by tight asphalt margins
NuStar Energy LP ended the year with a significant increase in revenues as the company transported more crude oil and refined products.
However, the company’s earnings were dragged down by lowered margins in asphalt operations.
The company reported $30.2 million in net income, or 30 cents per unit, on revenues of $1.9 [...]
Read the original post by James Aldridge