NuStar Energy sees FY23 adjusted EBITDA $700M-$760M

"We expect to generate FY23 net income in the range of $202M-$240M and full-year 2023 EBITDA in the range of $700M-$760M," said CFO Tom Shoaf." He also noted that NuStar now plans to spend $130M-$150M in strategic capital in 2023. "We expect to allocate approximately $60 million to growing our Permian system and plan to spend about $25M to expand our West Coast Renewable Fuels Network," said Shoaf. "In addition, we expect to spend between $25M and $35M on reliability this year."