Terminal Acquisition, Pipeline Expansion Propel NuStar Energy's Quarterly Profits

SUGAR LAND--April 23, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy liquids pipelines and terminals operator NuStar Energy LP (NYSE:NS) (San Antonio, Texas) reported $114.5 million in first-quarter 2015 net income, up from $28.1 million in the same quarter a year earlier. The increase was largely due to NuStar's acquisition of the remaining 50% ownership in a refined products terminal in Linden, New Jersey. Also, NuStar GP Holdings LLC (NYSE:NSH) (San Antonio) reported $26.8 million in net income for the first quarter of 2015, compared with $13.6 million in the first quarter of 2014. Industrial Info is tracking 34 active projects related to NuStar Energy and NuStar GP Holdings, with a combined worth of nearly $138 million.

Within this article: Details on NuStar Energy and NuStar GP Holdings LLC's quarter and projects, including the market analysis for a crude-by-rail transloading terminal in Nova Scotia.