25
Assets
The Energy Data Studio platform’s interactive dashboard allows users to easily navigate weekly, monthly, and quarterly updates to individual producers, midstream assets, and midstream company financials, providing flexibility for working with data. It is available through data downloads from the visual interface, in Excel files, or as direct data delivered into subscribers’ workflow via secure file transfer.
NuStar (NS) reported positive 4Q22 earnings, beating consensus and East Daley EBITDA expectations by $15 million (8%) and $17 million (10%), respectively. However, what caught our eye was a miss on the company's Permian crude gathering volumes and relatively weak 2023 guidance for the asset.
In 2022, NuStar’s Permian system averaged 584 Mb/d, below management's 600 Mb/d exit-2022 guidance. Management now guides to volumes exiting 2023 at 600 Mb/d, or just 3% growth Y-o-Y. East Daley forecasts crude volumes and performance for the NS – Permian asset in our NuStar Financial Blueprint. We forecast exit-2023 volumes to be 615 Mb/d, or 5.3% growth Y-o-Y on the system.
Read Full ArticleThe Daley Note: September 26, 2023
LPG exports are up 5% YTD in 2023 vs 2022, and midstream companies anticipate more demand from new...
The Daley Note: September 21, 2023
Consolidation continues in the Permian Basin as producers look to add reserves in the industry’s hottest...
The Daley Note: September 20, 2023
Mountain Valley Pipeline (MVP) has filed with regulators to increase maximum tariff rates by 80% or...
The Daley Note: September 19, 2023
The Trans Mountain Pipeline expansion (TMX) faces the prospects of more delays to finish construction,...