These statements reflect the partnership's current views Terms of Service apply. NuStar Energy L.P.s Board of Directors also declared a first quarter 2023 Series A preferred unit distribution of $0.73169 per unit, a Series B preferred unit distribution of $0.66150 per unit and a Series C preferred unit distribution of $0.73881 per unit. View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/, Investors, Pam Schmidt, Vice President, Investor RelationsInvestor Relations: 210-918-INVR (4687)orMedia, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,Corporate Communications: 210-918-2314, https://edge.media-server.com/mmc/p/fnk2v7x2, https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52, https://www.businesswire.com/news/home/20230427005881/en/, Australian 7-Eleven franchise puts 700-store chain up for sale, UPDATE 1-Sudan conflict shows no sign of easing, Sudanese brace for more violence, Saudi's United Electronics Co shelves plans for Egypt expansion, Alibaba's Jack Ma turns up in Japan as college professor, Japan's Nikkei crosses 29,000 as yen weakens on BOJ's dovish stance. Whether for powering rescue vehicles for first responders to save lives, transporting us to and from our daily errands or delivering food and packages quickly, our society depends on liquid fuels, and NuStar is proud to have been connecting people with that energy, safely and sustainably, for more than 20 years. Austin-based Capital Commercial Investments bought. The company is one of the largest independent liquids terminal and pipeline operators in the nation. In uncertainties and assumptions. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Bill Greehey, 86, served as the chairman of NuStar and Valero L.P . forward-looking statements are based on the partnership's beliefs as The following is a reconciliation of projected net income to EBITDA. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. 1 of 3. NuStar Energy L.P. Corporate Headquarters 19003 IH-10 West San Antonio, TX 78257 Phone: (800) 866-9060 or (210) 918-2000 webmaster@nustarenergy.com Marketing Contacts (Pipeline & Terminal): Please select this link to access the marketing contacts page Sourcing/Procurement Department: We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. $16.75 per hour. Former H-E-B executive elected to NuStar's board of directors - San NuStar Energy sells its headquarters building to Truist Bank, leases it A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/bgpdnpyj. NuStar also retained 13 acres of the property. Certain awards include distribution equivalent rights (DERs). NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. As of December 31, 2021, NuStar had 1,267 employees and operated, primarily in the United States, approximately 9,935 miles of pipeline and 64 terminal and storage facilities with a combined system comprising roughly 57 million barrels of storage capacity. In November, we were able to repurchase about one-third of our Series D preferred units while keeping our debt-to-EBITDA ratio under 4 times for year-end 2022. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). SAN ANTONIO--(BUSINESS WIRE)--Feb. 1, 2023-- NuStar currently has 8,708 miles of pipeline and 81 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. Corporate Communications: 210-918-2314, NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions, Copyright NuStar Energy L.P. All Rights Reserved, https://edge.media-server.com/mmc/p/fnk2v7x2, https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52, https://www.businesswire.com/news/home/20230427005881/en/. However, excluding the non-cash charges and insurance proceeds, as well as the EPU impact from the repurchase of a portion of the Series D preferred units in the fourth quarter of 2022, our full-year 2022 adjusted net income was $250 million, or $0.92 per unit, compared to 2021 adjusted net income of $212 million, or $0.60 per unit, said Barron. NuStar Energy Corporate Headquarters Off-Market 19003 Interstate 10 Frontage Road, San Antonio, TX 78257 This property is off-market. Learn how you can invest in and be part of NuStar. This site is protected by reCAPTCHA and the Google SAN ANTONIO -- (BUSINESS WIRE)--Mar. Commission. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. NuStar Energy LP . The following are reconciliations of net income / net income (loss) per common unit to adjusted net income / adjusted net income per common unit. NuStar Energy - Wikipedia And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. Expert Career Advice. NuStar opened its headquarters in 2012. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. two asphalt refineries with a combined throughput capacity of 104,000 They are the reason that the best is yet to come for NuStar! In 2021, we promoted our commitment to ESG excellence in alignment with our strategic goals, and we also launched our Sustainability webpage. NuStar reported net income of $92 million for the fourth quarter of 2022, or $0.18 per unit, compared to net income of $58 million, or $0.19 per unit, for the fourth quarter of 2021. We plan to continue to optimize our business and build our financial strength and unitholder value, while we continue to safely and reliably store and transport the essential energy that fuels our lives, Barron concluded. None of these financial measures are presented as an alternative to net income. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. Barron closed by mentioning how integral NuStars optimization initiative was to the companys solid results and in facilitating an important first step to improve its capital structure in 2022. refining assets with Lindsay Goldberg that essentially makes the San NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. To significantly improve efficiency, NuStar built and recently put into SAN ANTONIO, April 27, 2023--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a first quarter 2023 common unit distribution of $0.40 per unit. Markets Brief: 10th Straight Fed Rate Hike on Tap. For any questions regarding our Sustainability Report and performance, please contact NuStar atSustainability@NuStarEnergy.com. NuStar Energy is a leading pipeline and terminal operator based in San Antonio, TX. "NuStar's earnings grew in third quarter, despite drop in shale production", "Inter Pipeline announces the acquisition of European bulk liquid storage business", "NuStar receives the first shipment of long-haul Permian Crude at Corpus Christi terminal", "Plans To Build New Petrochemical Tanks In Rodeo Face Pushback Following NuStar Fire", https://en.wikipedia.org/w/index.php?title=NuStar_Energy&oldid=1084603172, This page was last edited on 25 April 2022, at 13:59. NuStar . In South Texas, we are pleased that our Corpus Christi Crude System throughputs averaged over 368,000 BPD in the fourth quarter of 2022, which is above our minimum volume commitments for the system and eight percent higher than volumes in the third quarter of 2022. [4], In 2019 NuStar received the first shipment of long haul Permian Crude at Corpus Christi terminal. commercial and retail customers and the U.S. military. events and the future financial performance of NuStar Energy L.P. All Barron also noted that operating income and EBITDA in NuStars Fuels Marketing Segment were $12 million in the fourth quarter of 2022, a $7 million increase compared to the fourth quarter of 2021, largely due to stronger margins. [1]Blue ammonia is produced with natural gas, but the associated emissions are captured and stored. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. In addition, we expect to spend between $25 and $35 million on reliability this year.. As of December 31, 2021, we had operations in the United States, Canada and Mexico. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Cautionary Statement Regarding Forward-Looking Statements. a part of a refining company with multiple refineries that has the depth SAN ANTONIO--(BUSINESS WIRE)--Dec. 17, 2012-- For full-year 2022, our Fuels Marketing Segment generated near-record operating income and EBITDA of $34 million, which was an increase of approximately $23 million compared to full-year 2021 operating income and EBITDA of $11 million. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. While we are proud of those honors and awards, we are even prouder of the work we do every day: safely and reliably supplying the energy that fuels modern life, contributing to our communities in the markets we serve and building value for our unitholders. Earnings per unit (EPU) for the fourth quarter of 2022 also included a $0.31 per unit premium related to the repurchase of a portion of the Series D preferred units. NuStar Energy posts highest fourth-quarter profit in company history We sold our Canadian operations on April 29, 2022, which are not included on the map below. The adjusted distribution coverage ratio was 2.01 times for the fourth quarter of 2022. In 2019, we formed an ESG Task Force to focus on sustainability reporting and build upon our best practices. addition to safety and reliability improvements, NuStar also has NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. In addition to storing and transporting the liquid fuels that power urban communities, we are proud to serve Americas farmers and rural areas where the reliability and convenience of these fuels can be even more important. NuStar currently has 8,643 miles of pipeline and 87 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership's combined system has approximately 93 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including Sint Eustatius in the Caribbean, and the United Kingdom. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution NuStars years of dedication to community, sustainability and resilience is a result of our strong corporate culture, which reflects the vision and leadership of our Chairman, Bill Greehey, and NuStars nine Guiding Principles. transaction, which is expected to have an effective date of January 1, NuStar had a profit of $92 million in the three months through December $75 million after adjustments for one-time items and its Permian pipeline system handled record volumes of 584,000 barrels per day. [3], In 2018 Inter Pipeline acquired NuStar Energy L.P.'s European bulk liquid storage business ("NuStar Europe") for cash consideration of US$270 million. Please note that 100% of NuStar Energy L.P.s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business.
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