NuStar GP Holdings Slips To Loss In Q4

(RTTNews) - NuStar GP Holdings, LLC (NSH) reported fourth-quarter net loss of $46.7 million, or $1.10 per unit, compared to net income of $5.1 million, or $0.12 per unit, last year. Distributable cash flow available to unitholders was $22.7 million, or $0.53 per unit, compared to $23.3 million, or $0.55 per unit, last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

As previously announced on January 30, 2014, the fourth quarter 2013 distribution of $0.545 per unit will be paid on February 18, 2014 to holders of record as of February 10, 2014.