NuStar Expects FY23 Net Income Of $261M-$273M
Portfolio Pulse from Benzinga Newsdesk
NuStar Energy L.P. (NS) expects to generate full-year 2023 net income in the range of $261 to $273 million and full-year 2023 adjusted EBITDA in the range of $720 to $740 million. The company also plans to spend $120 to $130 million in strategic capital in 2023.
November 02, 2023 | 10:48 am
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POSITIVE IMPACT
NuStar's positive financial outlook for FY23, including expected net income and adjusted EBITDA, as well as planned strategic capital expenditure, could potentially boost investor confidence and positively impact the company's stock price in the short term.
The company's positive financial outlook for FY23, including expected net income and adjusted EBITDA, as well as planned strategic capital expenditure, indicates strong financial performance and strategic investment, which are likely to be viewed positively by investors and could potentially boost the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100