San Antonio’s NuStar Energy profits increase as more Permian crude flows through its pipelines
Control center senior manager Mark Carter examines screens Tuesday, April 23, 2019, at a work station in NuStar Energy L.P.'s pipeline control room. From the central location in NuStar's San Antonio headquarters, employees can monitor and control virtually every aspect of the company's pipelines including opening and closing valves and watching for any pipeline problems.San Antonio-based pipeline and terminal operator NuStar Energy L.P.
NuStar reported $57 million in earnings, or 19 cents per unit, for the first three months of the year. That was a 36 percent increase from a year ago.Overall throughput in NuStar’s pipeline system increased 16 percent from last year. Much of that increase was in the company’s crude oil pipelines in the Permian Basin, which averaged 510,000 barrels per day, a 27 percent increase.
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