SAN ANTONIO, Texas - NuStar Energy LP (NYSE: NS) concluded the first quarter with improved results in all of the company’s business segments.
NuStar reported first-quarter net income applicable to limited partners of $19.4 million, or 30 cents per unit, on revenues of $1.23 billion for the quarter ended March 31, 2011.
This compares to net income applicable to limited partners of $11.5 million, or 19 cents per unit, on revenues of $945.5 million for the same period a year ago.
NuStar has declared a first-quarter 2011 distribution of $1.075 per unit, which will be paid on May 13.
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