An increase in Permian crude being shipped to NuStar Energy LP’s Corpus Christi facility helped boost the company’s operating income by 20% this past quarter.
San Antonio-based NuStar [NYSE: NS] reported Tuesday that income from continued operations amounted to $53 million in the third quarter, up from $44 million in third quarter 2018. The company’s distributable cash flow for the recent third quarter — which represents money available to its investors — was $88 million, up $11 million from…