NS Stock Fair Value Calculator – NUSTAR ENERGY L.P Reports Earnings for 2nd Quarter of FY2023 Ending June 30 2023
August 26, 2023
☀️Earnings Overview
On August 4 2023, NUSTAR ENERGY L.P ($NYSE:NS). announced the financial results for the second quarter of FY2023 ending June 30 2023. Total revenue for the quarter was USD 378.3 million, a drop of 12.0% compared to the same period in the previous year. Net income during the period was USD 45.5 million, a decline of 22.4% year-on-year.
Share Price
The stock opened at $17.4 and closed at the same price, representing a 0.5% increase from the previous closing price of $17.4. NUSTAR ENERGY L.P showed impressive financial growth this quarter, with increases in revenue, gross profit, operating income and total assets. The company continues to see steady growth as it moves into the third quarter of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NS. More…
| Total Revenues | Net Income | Net Margin |
| 1.62k | 120.28 | 16.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NS. More…
| Operations | Investing | Financing |
| 557.57 | -7.48 | -550.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.89k | 3.79k | 9.91 |
Key Ratios Snapshot
Some of the financial key ratios for NS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | 1.1% | 32.9% |
| FCF Margin | ROE | ROA |
| 26.6% | 26.8% | 6.8% |
Analysis – NS Stock Fair Value Calculator
At GoodWhale, we specialize in providing our clients with comprehensive financial analysis of public companies. We recently completed an analysis of NUSTAR ENERGY L.P., a publicly traded company specializing in oil and gas production. Our proprietary Valuation Line calculates the fair value of a company’s share price and for NUSTAR ENERGY L.P we estimate that fair value to be around $15.8. Currently, NUSTAR ENERGY L.P stock is trading at $17.4, a modestly overvalued price by 9.9%. This indicates potential opportunity for investors to enter the stock at a relatively low cost or for those already holding, an opportunity to potentially earn a return on their investment. More…
Peers
The company also owns a 50% interest in a joint venture that owns a pipeline system transporting crude oil from Cushing, Oklahoma to the U.S. Gulf Coast. Competitors to NuStar Energy LP include: Adams Resources & Energy Inc, Martin Midstream Partners LP, Gibson Energy Inc.
– Adams Resources & Energy Inc ($NYSEAM:AE)
Adams Resources & Energy, Inc. is a publicly traded crude oil marketing and transportation company headquartered in Houston, Texas. The Company markets, transports, and stores crude oil and refined products in the United States. Adams also owns and operates a fleet of barges and tankers.
Adams Resources & Energy Inc has a market cap of 94.42M as of 2022. The company’s Return on Equity is 6.55%. Adams Resources & Energy, Inc. is a publicly traded crude oil marketing and transportation company headquartered in Houston, Texas. The Company markets, transports, and stores crude oil and refined products in the United States. Adams also owns and operates a fleet of barges and tankers.
– Martin Midstream Partners LP ($NASDAQ:MMLP)
The company’s market cap as of 2022 is 121.21M, and its ROE is -140.7%. The company is involved in the transportation, storage, and distribution of crude oil and refined products.
– Gibson Energy Inc ($TSX:GEI)
Gibson Energy is a Canadian midstream energy company that owns and operates a network of fuel storage and transportation assets across North America. The company has a market cap of $3.44 billion and a return on equity of 32.72%. Gibson Energy’s assets include a network of crude oil pipelines, storage tanks, and rail cars. The company also owns and operates a fleet of tanker trucks and barges. Gibson Energy’s customers include major oil companies, refiners, and marketers.
Summary
NUSTAR ENERGY L.P reported a decline in their second quarter earnings for FY2023, ending on June 30 2023, with a total revenue of USD 378.3 million and net income of USD 45.5 million. This represents a 12% and 22.4% decline year over year respectively. With these figures, investors may be wary of the company’s performance, and may be looking for signals of a recovery in the near future. Analysts will be paying close attention to the company’s performance to assess if any changes are needed to their existing investment strategies.
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