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SEC Filings
10-Q
NUSTAR ENERGY L.P. filed this Form 10-Q on 05/15/2002
Entire Document
 
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Results of Operations

Three Months Ended March 31, 2002 Compared to Three Months Ended March 31, 2001

Financial Data:

                                                       Three Months Ended
                                                           March 31,
                                                           ---------
                                                       2002              2001
                                                       ----              ----
                                                          (in thousands)
Statement of Income Data:
Revenues...........................................  $ 26,024         $ 23,422
                                                       ------           ------
Costs and expenses:
  Operating expenses...............................     9,184            8,651
  General and administrative expenses..............     1,789            1,172
  Depreciation and amortization....................     4,355            3,238
                                                       ------           ------
     Total costs and expenses......................    15,328           13,061
                                                       ------           ------

Operating income...................................    10,696           10,361
  Equity income from Skelly-Belvieu
   Pipeline Company................................       678              669
  Interest expense, net............................      (556)          (2,244)
                                                       ------           ------
 Income before income tax expense..................    10,818            8,786
  Income tax expense...............................       395                -
                                                       ------           ------
Net income.........................................  $ 10,423         $  8,786
                                                       ======           ======


                                                                      Restated
                                                     March 31,      December 31,
                                                       2002              2001
                                                       ----              ----
                                                           (in thousands)
Balance Sheet Data:
Property, plant and equipment, net................. $ 346,455        $ 349,012
Total assets.......................................   385,025          387,546
Long-term debt, including current portion..........    90,076           26,122
Partners' equity...................................   289,652          342,166



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