NuStar Energy Q3 Profit Tops View - Quick Facts

(RTTNews) - NuStar Energy L.P. (NS) reported third quarter net income applicable to limited partners of $50.1 million or $0.64 per unit, up from $21.9 million or $0.28 per unit in the prior year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $794.42 million from $778.15 million last year. Wall Street analysts had a consensus revenue estimate of $744.03 million for the quarter.

The partnership also announced that its board of directors has declared a third quarter 2014 distribution of $1.095 per unit. The third quarter 2014 distribution will be paid on November 14, 2014, to holders of record as of November 10, 2014.