Print Page  |  Close Window

SEC Filings
8-K
NUSTAR ENERGY L.P. filed this Form 8-K on 01/31/2019
Entire Document
 

NuStar Energy L.P. and Subsidiaries
Consolidated Financial Information - Continued
(Unaudited, Thousands of Dollars, Except Barrel Data)
 
Three Months Ended December 31,
 
Year Ended December 31,
 
2018
 
2017
 
2018
 
2017
Pipeline:
 
 
 
 
 
 
 
Refined products and ammonia pipelines
throughput (barrels/day)
562,773

 
494,354

 
557,044

 
516,736

Crude oil pipelines throughput (barrels/day)
959,041

 
682,511

 
876,655

 
583,323

Total throughput (barrels/day)
1,521,814

 
1,176,865

 
1,433,699

 
1,100,059

Throughput and other revenues
$
161,156

 
$
130,882

 
$
611,065

 
$
516,288

Operating expenses
46,348

 
41,698

 
184,427

 
156,432

Depreciation and amortization expense
39,907

 
36,404

 
153,943

 
128,061

Segment operating income
$
74,901

 
$
52,780

 
$
272,695

 
$
231,795

Storage:
 
 
 
 
 
 
 
Throughput (barrels/day)
354,567

 
353,617

 
341,396

 
325,194

Throughput terminal revenues
$
21,857

 
$
21,995

 
$
83,157

 
$
85,927

Storage terminal revenues
117,185

 
130,897

 
522,793

 
531,026

Total revenues
139,042

 
152,892

 
605,950

 
616,953

Operating expenses
72,317

 
70,516

 
289,423

 
270,041

Depreciation and amortization expense
32,158

 
32,068

 
135,056

 
127,473

Segment operating income
$
34,567

 
$
50,308

 
$
181,471

 
$
219,439

Fuels Marketing:
 
 
 
 
 
 
 
Product sales and other revenue
$
210,882

 
$
168,801

 
$
752,312

 
$
692,884

Cost of product sales
192,920

 
163,122

 
713,031

 
660,844

Gross margin
17,962

 
5,679

 
39,281

 
32,040

Operating expenses
4,636

 
3,593

 
14,841

 
26,057

Segment operating income
$
13,326

 
$
2,086

 
$
24,440

 
$
5,983

Consolidation and Intersegment Eliminations:
 
 
 
 
 
 
 
Revenues
$
(1,771
)
 
$
(2,040
)
 
$
(7,570
)
 
$
(12,106
)
Cost of product sales
(1,669
)
 
(1,886
)
 
(7,085
)
 
(9,245
)
Operating expenses
(134
)
 
(153
)
 
(517
)
 
(2,860
)
Total
$
32

 
$
(1
)
 
$
32

 
$
(1
)
Consolidated Information:
 
 
 
 
 
 
 
Revenues
$
509,309

 
$
450,535

 
$
1,961,757

 
$
1,814,019

Costs associated with service revenues:
 
 
 
 
 
 
 
Operating expenses
123,167

 
115,654

 
488,174

 
449,670

Depreciation and amortization expense
72,065

 
68,472

 
288,999

 
255,534

Total costs associated with service revenues
195,232

 
184,126

 
777,173

 
705,204

Cost of product sales
191,251

 
161,236

 
705,946

 
651,599

Segment operating income
122,826

 
105,173

 
478,638

 
457,216

General and administrative expenses
30,628

 
29,038

 
106,200

 
112,240

Other depreciation and amortization expense
2,230

 
2,117

 
8,875

 
8,698

Consolidated operating income
$
89,968

 
$
74,018

 
$
363,563

 
$
336,278