By San Antonio Business Journal

NuStar Energy LP concluded the fourth quarter of 2010 with net income of $51.5 million, or 65 cents per unit applicable to limited partners, on revenues of $1.19 billion.

This compares to net income of $37.3 million, or 50 cents per unit, on revenues of $982.8 million for the same period a year ago.

NuStar Energy President and CEO Curt Anastasio says the company posted record fourth-quarter 2010 distributable cash flow and EBITDA because of strong performances in the companyâ¿¿s storage segment and asphalt and fuels marketing segments.

NuStar (NYSE: NS) is a publicly traded, limited partnership that owns more than 8,400 miles of pipeline, 88 terminal and storage facilities and two asphalt refineries.

NuStar GP Holdings LLC (NYSE: NSH) also reported financial data based on its equity in NuStar Energy LP. The company owns a 2 percent general partner interest, a 15.6 percent limited partner interest and the incentive distribution rights in NuStar Energy.

NuStar GP reported net income of $15.3 million, or 35 cents per unit, for the quarter ended Dec. 31, 2010.

This compares to net income of $17 million, or 40 cent per unit, for the quarter ended Dec. 31, 2009.

For the full earnings releases, visit these links.

NuStar Energy

NuStar GP Holdings

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