Taking a look at NuStar’s 2011 financial performance, EBITDA of $490 million was higher than the $483 million earned in 2010 driven primarily by the record performance of our storage segment. Storage EBITDA of $281 million was $25 million higher than the $256 million earned in 2010. Increased storage rates on existing contracts, increased customer demand for storage services, a full year of EBITDA from the fourth quarter 2010 completion of our St. Eustatius terminal reconfiguration project as well as the completion of the St. James terminal expansion in the third quarter of this year, all contributed to the segment’s increased EBITDA.Pipeline transportation segment EBITDA $197 million nearly matched the $199 million earned in 2010. Higher pipeline tariffs and additional revenue generated by the Eagle Ford Shale projects substantially offset a 9% reduction in pipeline throughputs.
NuStar Energy's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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