NuStar Energy L.P. (NYSE:NS) Q4 2022 Earnings Call Transcript

Michael Blum: Okay, perfect. That helps and then I just wanted to ask about the Permian growth expectations for 2023, it sounds like you think the rate of growth did slow a bit versus ’22, but do you have an exit rate that you’re sort of pointing us to for year-end like you typically provide?

Danny Oliver: We’re look — we’re looking at somewhere around 600,000 barrels-a-day next year, we have a little lull in activity forecasted just in the first few months of the year. It’s just really kind of a timing thing. But for annual averages obviously, we’ll beat 2022, we expect to beat ’22 in ’23. But from an EBITDA perspective, we expect some of that growth to be offset by PLA — excuse me PLA prices going back to the current forward curve versus what we realized in ’22.

Michael Blum: Okay, great. Thank you very much.

Danny Oliver: Thank you.

Operator: And I’m not showing any further question at this time. I turn the call back over to Pam Schmidt for any closing remarks.

Pam Schmidt: Thank you, Kevin. We would once again like to thank everyone for joining us on the call today. If anyone has additional questions, please feel free to contact NuStar Investor Relations. Thanks again and have a great day.

Operator: Ladies and gentlemen, this does conclude today’s presentation. You may now disconnect and have a wonderful day.