NuStar Energy L.P. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenues of $464,919,000 against $681,738,000 a year ago. Operating income was $98,024,000 against $81,346,000 a year ago. Income from continuing operations before income tax expense was $64,395,000 against $55,353,000 a year ago. Income from continuing operations was $59,480,000 against $54,869,000 a year ago. Net income applicable to limited partners was $47,485,000 against $41,522,000 a year ago. Net income per unit applicable to limited partners was $0.61 against $0.54 a year ago. Net income per unit applicable to limited partners from continuing operations was $0.61 against $0.55 a year ago. EBITDA from continuing operations was $150,641,000 against $136,031,000 a year ago.

For the full year, the company reported total revenues of $2,084,040,000 against $3,075,118,000 a year ago. Operating income was $390,704,000 against $346,901,000 a year ago. Income from continuing operations before income tax expense was $320,658,000 against $224,970,000 a year ago. Income from continuing operations was $305,946,000 against $214,169,000 a year ago. Net income applicable to limited partners was $257,366,000 against $163,339,000 a year ago. Net income per unit applicable to limited partners was $3.30 against $2.10 a year ago. Net income per unit applicable to limited partners from continuing operations was $3.29 against $2.14 a year ago. EBITDA from continuing operations was $662,736,000 against $547,904,000 a year ago. Adjusted net income was $250,443,000. Adjusted net income applicable to limited partners was $202,215,000 or $2.59 per unit. Adjusted EBITDA from continuing operations was $606,459,000.

2016 capital spending projections remain unchanged. The company budgeted to spend $360 million to $380 million for strategic capital and $35 million to $45 million on reliability capital spending. However, the company is in the process of prioritizing all capital spending for 2016 to avoid accessing the public debt and equity markets.