NuStar Energy Sees FY23 Net Income $252M - $290M; Adj. EBITDA $700M - $760M
Portfolio Pulse from Benzinga Newsdesk
NuStar Energy has provided an update on its full-year guidance for 2023, expecting to generate net income in the range of $252M to $290M and adjusted EBITDA in the range of $700M to $760M. The company also plans to spend $125M to $145M in strategic capital and $25M to $35M on reliability. Lower spending is forecasted for the Permian System, while expansion of the West Coast Renewable Fuels Network continues.
August 04, 2023 | 12:54 pm
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POSITIVE IMPACT
NuStar Energy's positive financial outlook for 2023, including expected net income and adjusted EBITDA, as well as planned capital spending, could potentially boost investor confidence and positively impact the company's stock price in the short term.
The company's positive financial outlook for 2023, including expected net income and adjusted EBITDA, as well as planned capital spending, indicates strong financial management and potential for growth. This could attract investors, leading to increased demand for the stock and a potential rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100