With respect to the quarterly distribution to unitholders for the first quarter of 2010, NuStar GP Holdings, LLC announced that its board of directors has declared a distribution of $0.45 per unit, which would equate to $1.80 per unit on an annual basis. The $0.45 per unit cash distribution will be paid on May 19, 2010, to holders of record as of May 7, 2010 and represents a 3.4 percent increase over the $0.435 distribution for the fourth quarter of 2009 and a 4.7 percent increase over the $0.43 distribution for the first quarter of 2009. The distribution coverage ratio for the first quarter of 2010 was one times.
NuStar reports Q1 2010 Earnings
04.29.2010 - NEWS
April 29, 2010 [BUSINESS WIRE] - NuStar GP Holdings today announced distributable cash flow available to unitholders for the first quarter of 2010 of $19.2 million, or $0.45 per unit, compared to $18.3 million, or $0.43 per unit, for the first quarter of 2009. First quarter 2010 net income was $8.5 million, or $0.20 per unit, compared to $12.0 million, or $0.28 per unit, for the first quarter of 2009.
