NuStar Energy LP
Change company Symbol lookup
Select an option...
NS NuStar Energy LP
DOCU DocuSign Inc
VHUB Vapor Hub International Inc
VMC Vulcan Materials Co
VLO Valero Energy Corp
VIAC ViacomCBS Inc
VECO Veeco Instruments Inc
V Visa Inc

Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company's segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia. The storage segment consists of facilities that provide storage, handling and other services for petroleum products, crude oil, specialty chemicals and other liquids. The fuels marketing segment involve the purchase of crude oil, fuel oil, bunker fuel, fuel oil blending components and other refined products for resale. It conducts its operations through its subsidiaries, primarily NuStar Logistics, L.P. and NuStar Pipeline Operating Partnership L.P. It has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that provide approximately 72 million barrels of storage capacity.

Day's Change
-0.35 (-1.88%)
B/A Size
Day's High
Day's Low
(Below Average)

Today's volume of 261,911 shares is on pace to be lower than NS's 10-day average volume of 447,379 shares.


SEC tells BlackBerry to stop using non-GAAP revenue metric first highlighted by MarketWatch

10:26 am ET March 26, 2021 (MarketWatch)

Ciara Linnane

BlackBerry's adjusted revenue number helped it beat consensus estimates even as actual revenue missed the mark

BlackBerry Ltd. has agreed to stop adjusting its revenue, an issue highlighted by MarketWatch in the past, after receiving a comment letter from the Securities and Exchange Commission questioning the practice.

The cybersecurity company (BB.T) highlighted non-GAAP revenue, or revenue that does not conform with Generally Accepted Accounting Principles, in first-quarter earnings posted in 2019 and subsequent periods, using a metric that the SEC does not allow, as MarketWatch wrote at the time (

The Waterloo, Ontario--based company explained the move in a footnote, in which it said it had recorded "software deferred revenue acquired but not recognized due to business combination accounting rules of $20 million, of which $19 million was included in BlackBerry Cylance and $1 million was included in IoT (Internet of Things)."

See also: Square is dropping an accounting metric after the SEC said it's not allowed (

In other words, it was adding in revenue that would never be allowed under GAAP as the result of an acquisition. That matters because the extra $20 million allowed the company to beat the FactSet consensus at the time, while its actual revenue number was a miss.

See also: SEC may be set to crack down on companies that adjust revenue (

"Considering your deferred revenue and commission expense were adjusted to fair value at the time of acquisition pursuant to GAAP, these non-GAAP adjustments intended to eliminate the impact of purchase accounting substitute individually tailored recognition and measurement methods for those of GAAP," the SEC wrote in its comment letter to BlackBerry. ( Companies are not allowed to use individually tailored metrics when presenting financial results.

BlackBerry responded that investors and financial analysts often seek information regarding software deferred revenue acquired and software deferred commission expense for modeling purposes. It also argued that others in its industry make similar adjustments, including companies it considers to be peers.

But it also agreed to stop the practice and said the adjustments "trend to zero due to time elapsed since its acquisitions." BlackBerry will no longer offer non-GAAP revenue figures its financial-results reporting, starting with its fiscal year running March 1 through Feb. 28, 2022.

BlackBerry shares were down 0.4% early Friday but have surged 48% in 2021 while the S&P 500 has gained 4%.

Read on: A timely question after the GameStop saga: What are the tax advantages of qualifying for 'trader status' with the IRS? (

-Ciara Linnane; 415-439-6400;


(END) Dow Jones Newswires

March 26, 2021 10:26 ET (14:26 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.