“And, while forecasting in a volatile market is always difficult, we will offer our view on the full year, along with our first-quarter results, on our upcoming earnings call on May 5,” Barron said. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 8774744. And that has been proven true as our employees have made NuStar a leader in the petroleum pipeline and terminal industry and a … DCF is used by the MLP investment community, in part, because the value of a partnership unit is partially based on its yield, and its yield is based on the cash distributions a partnership can pay its unitholders.
For the four quarters ended June 30, 2019, this adjustment represents non-cash impairment losses associated with long-lived assets and goodwill at the St. Eustatius terminal. Statement of Income Data: Revenues: Service revenues $ 316,746 $ 259,027 Product sales 76,045 88,799 Total revenues 392,791 This adjustment represents the non-cash expense related to the vestings of equity-based awards with the issuance of our common units. Self-help Measures to Preserve Cash and Strengthen Balance SheetCautionary Statement Regarding Forward-Looking Statements “To improve EBITDA during a quarter that was a low-water mark for not only U.S. refined product demand, but also U.S. refinery utilization and U.S. crude oil production, in an environment in which individuals and businesses around the world were struggling, is a true testament to the self-help actions we took over the past months and the resilience and flexibility we have built into our business over the past few years,” Barron said.
“In addition to these self-help measures, we also seized the opportunities presented by contango in the storage market during the second quarter and successfully filled 100 percent of our available storage capacity. Affirms Reductions in Spending. A conference call with management is scheduled for 9:00 a.m. CT today, August 4, 2020. SAN ANTONIO--(BUSINESS WIRE)--Jul. For the four quarters ended June 30, 2020, this adjustment represents a non-cash goodwill impairment charge related to our crude oil pipelines reporting unit. Our storage segment also benefited from our Mexico and West Coast expansion projects, and new storage contracts and renewals of existing contracts that all together brought online about 3 million barrels of previously idled storage capacity,” Barron noted. For the four quarters ended June 30, 2020, this adjustment represents the pro forma effects of the sale of our St. Eustatius operations as if we had completed the sale on July 1, 2019.
We are encouraged that our volumes rebounded in July to 434,000 barrels per day, 21 percent above our May lows and 8 percent above our second quarter 2020 average. In fact, during the second quarter alone, we moved almost 138 million barrels of crude oil and refined products through our pipelines. Consolidated Financial Information (Unaudited, Thousands of Dollars, Except Unit, Per Unit and Ratio Data) Three Months Ended March 31, 2020 2019. Represents a non-cash goodwill impairment charge related to our crude oil pipelines reporting unit. The partnership intends to have a playback available following the discussion, which may be accessed by dialing toll-free 855/859-2056, passcode 8774744. International callers may access the playback by dialing 404/537-3406, passcode 8774744. 13, 2020-- NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Tuesday, August 4, 2020 at 9:00 a.m. Central Time to discuss the second quarter 2020 earnings results, which will be released earlier that day. NuStar Energy L.P. (NYSE: NS) today reported its first quarter 2020 earnings, which included a net loss of $148 million, resulting from a $225 … “As the second quarter progressed we saw refined product demand improve, which was evidenced by the following: Distribution coverage ratio from continuing operations (c) NuStar Energy L.P. and Subsidiaries. A conference call with management is scheduled for
Distributions applicable to common limited partners NuStar Energy L.P. (NYSE: NS) today announced results for the three months ended June 30, 2020.