For any questions regarding our Sustainability Report and performance, please contact NuStar atSustainability@NuStarEnergy.com. NuStar Energy Director of Operations Chris Vratil provides a tour during construction of NuStar's tank farm in Corpus Christi in 2019. crude oil, refined products and specialty liquids; a fuels refinery with NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . 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. The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and . 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. NuStar owns 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids.[2]. barrels per day. Adjusted DCF was $357 million for full-year 2022, compared to adjusted DCF of $333 million in 2021. This redemption is another important step in our ongoing optimization and will meaningfully increase our cash flow over the next few years.. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. The proceeds from this transaction will strengthen our balance sheet and go toward our continued efforts to improve our financial strength and flexibility, NuStar said in a statement. (Unaudited, Thousands of Dollars, Except Unit, Per Unit and Ratio Data), Total costs associated with service revenues, Other depreciation and amortization expense, Basic and diluted net income (loss) per common unit, Basic and diluted weighted-average common units outstanding, Consolidated Financial Information - Continued, (Unaudited, Thousands of Dollars, Except Barrel Data), Crude oil pipelines throughput (barrels/day). Nustar said it expects full-year profits of $202 million to $240 million, compared with $222 million for all of 2022. Results for the fourth quarter of 2022 include a $16 million gain from insurance proceeds to rebuild tanks at its Selby terminal. We intend to satisfy the vestings of these equity-based awards with the issuance of our common units. $17.99 per hour. Adjusted distributable cash flow (DCF) was $89 million for the fourth quarter of 2022, compared to fourth quarter of 2021 DCF of $63 million. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. Apr 15, 2021 10:14AM EDT. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. growth projects and acquisitions, especially in the Eagle Ford Shale NuStar Energy Corporate Headquarters Off-Market 19003 Interstate 10 Frontage Road, San Antonio, TX 78257 This property is off-market. 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. This is Adjusted net income / adjusted net income per common unit, Net income / net income (loss) per common unit. This site is protected by reCAPTCHA and the Google var theDate=new Date() document.write(theDate.getFullYear()) Commercial Real Estate Direct All rights reserved. Our total debt balance was $3.3 billion, and our revolver facility availability was over $775 million of the facilitys $1 billion capacity. Nustar Energy Company Profile - Craft 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. DCF is a financial indicator used by the master limited partnership (MLP) investment community to compare partnership performance. Nominees, and not NuStar Energy L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors. Income tax benefit related to impairment loss, Premium on repurchase of Series D Cumulative Convertible Preferred Units, Distributions applicable to common limited partners. 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. The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. well as assumptions made by and information currently available to the Technical expert and resource (Current Employee) - San Antonio, TX - October 4, 2018. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions. Distribution coverage ratio is calculated by dividing DCF by distributions applicable to common limited partners. in San Antonio, is one of the largest independent liquids terminal and Copyright NuStar Energy L.P. All Rights Reserved. now moves the crude to the refinery. uncertainties and assumptions. View source version on businesswire.com: https://www.businesswire.com/news/home/20230131006184/en/, Investors, Pam Schmidt, Vice President, Investor Relations Bill Greehey, 86, served as the chairman of NuStar and Valero L.P . NuStar will continue to operate within a 300,000-square-foot space at the site, paying roughly $8.2 million a year in rent for the initial 20-year term of the leaseback agreement. $16.75 per hour. needs to succeed over the long-term, Anastasio added. To significantly improve efficiency, NuStar built and recently put into It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS. NuStar Energy has invested millions of dollars to transform a refinery in San Antonio once owned by AGE Refining. of the key reasons we chose Calumets bid is because they are well-known The full-year 2022 adjusted net . The adjusted distribution coverage ratio was 2.02 times for full-year 2022. Excluding the effects of these items, adjusted net income was $75 million for the fourth quarter of 2022, or $0.34 per unit, compared to adjusted net income of $52 million, or $0.14 per unit, for the fourth quarter of 2021. In addition to the insurance proceeds, Barron noted that both 2022 and 2021 included non-cash charges that impacted full-year net income, making an apples-to-apples comparison difficult. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. improvements at the refinery and in the surrounding community. This is a carousel. It closed the year with debt of $3.3 billion. pipeline operators in the nation. 2013 and close on January 2, to fund the growth of those fee-based , which are not included on the map below. The board of directors has elected Brad Barron, president and CEO, as the new chairman. 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. a throughput capacity of 14,500 barrels per day; and 50% ownership in NuStar Energy L.P. | LinkedIn 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. 730 Our board of directors and management use EBITDA and/or DCF when assessing the following: (i) the performance of our assets, (ii) the viability of potential projects, (iii) our ability to fund distributions, (iv) our ability to fund capital expenditures and (v) our ability to service debt. We sold our Canadian operations on April 29, 2022, which are not included on the map below. NuStar Energy salaries in San Antonio, TX. NuStar will continue to operate within a 300,000-square-foot space at the site, paying roughly $8.2 million a year in rent for the initial 20-year term of the leaseback agreement. 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. 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. The Environmental Partnership is comprised of companies in the U.S. oil and natural gas industry committed to continuously improve the industrys environmental performance, Our Continuing Tradition of Sustainability, Safely Moving Liquid Fuels With Lower Greenhouse Gas (GHG) and Other Emissions. SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that it has once again been recognized as one of the 100 Best Companies to Work For by Great Place To Work and Fortune Media for 2023. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. This Sustainability Report continues to highlight our performance and is informed by guidance from the Energy Infrastructure Council (EIC) and the Sustainability Accounting Standards Board (SASB). Base in San Antonio that includes a state-of-the-art laboratory. DCF is used by the MLP investment community, in part, because the value of a partnership unit is partially based on its yield, and its yield is based on the cash distributions a partnership can pay its unitholders. service a 12-mile pipeline between the terminal and the refinery that gas (LPG), specialty solvents and other highly specialized fuels, to NuStar Energy - NuStarInternet NuStar Energy L.P. (NYSE: NS) announced today that it has entered into a The 32-acre property was recently valued at about $49 million, according to the Bexar County Appraisal District. [4], In 2019 NuStar received the first shipment of long haul Permian Crude at Corpus Christi terminal. SAN ANTONIO--(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.The first . Stock Market | FinancialContent Business Page 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. Cautionary Statement Regarding Forward-Looking Statements. terminal, which is approximately 12 miles away from the refinery, stores position for a refinery because it limits resources and available Actual results may differ materially from those described in the forward-looking statements. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. When to get free admission into Texas gorgeous national Watch out for this invasive shrub, the Amur River privet, San Antonio eyes stickers in fight against domestic violence, Man accused of strangling neighbor to death in apartment, SA's last Tuskegee Airman buried at Fort Sam, Pedestrian killed in hit-and-run on Interstate 35 downtown. It has been working to reduce debt and the lease-buyback enables it to make money from a non-earning asset, it said. 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. An energy logistics company is selling its San Antonio headquarters but will remain at the site as part of a leaseback deal. Energy Transfer Partners made unsolicited bid to buy NuStar's general the refinery that made it a safer and more environmentally sound Engineer. Form 10-K and subsequent filings with the Securities and Exchange NuStar Energy is an oil pipeline and terminal operator. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. 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. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Please enter your username or email address to reset your password. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution Salary estimated from 24 employees, users, and past and present job advertisements on Indeed. How we use your information depends on the product and service that you use and your relationship with us. NuStar Energy careers in San Antonio, TX | Indeed.com to be $15 million. Continuing Sustainability Excellence in 2021. All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. Truist bought the San Antonio-based energy logistics companys building, NuStar CEO Brad Barron, Truist Financial Corp CEO William H. Rogers Jr. and 19003 West Interstate 10 (LinkedIn, Loopnet, Truist). Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Barron continued, Our adjusted EBITDA was $197 million for the fourth quarter of 2022, which is the highest fourth quarter adjusted EBITDA in our companys history. NuStar Energy L.P. (NYSE: NS) today announced its highest fourth quarter net income and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the companys history, along with strong full-year 2022 results fueled by record-breaking volumes in its Permian Crude System and strong performance in its Fuels Marketing Segment. pipeline and storage operations. NuStar Energy L.P. is headquartered in San Antonio, Texas and is one of the largest independent liquids terminal and pipeline operators in the nation, responsibly storing and distributing renewable fuels, ammonia, refined products, crude oil and other liquids. NuStar purchased the refinery and terminal out of pipeline and storage operations. We have also been awarded the International Liquid Terminals Associations (ILTA) Safety Excellence Award 12 times. NuStar Energy Careers and Employment 2023 | Indeed.com NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution The Partnerships combined system has approximately 95 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. Management believes these financial measures provide useful information to investors and other external users of our financial information because (i) they provide additional information about the operating performance of the partnerships assets and the cash the business is generating, (ii) investors and other external users of our financial statements benefit from having access to the same financial measures being utilized by management and our board of directors when making financial, operational, compensation and planning decisions and (iii) they highlight the impact of significant transactions. Corporate Communications: 210-918-2314 / 210-410-8926, NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 Earnings Results, Copyright NuStar Energy L.P. All Rights Reserved, https://edge.media-server.com/mmc/p/bgpdnpyj, https://register.vevent.com/register/BI757a142163514824bfe28118ca3c0731, https://www.businesswire.com/news/home/20230131006184/en/. NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 SAN ANTONIO--(BUSINESS WIRE)--Apr 27, 2023--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. including a terminal in Elmendorf, TX and a pipeline connecting the 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. In addition, our West Coast regions revenues continue to grow, as revenues were up around 20 percent compared to the fourth quarter of 2021 and around 10 percent year-over-year, driven in large part by our West Coast renewable fuels strategy, said Barron. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. We expect to allocate approximately $60 million to growing our Permian system and plan to spend about $25 million to expand our West Coast Renewable Fuels Network, said Shoaf. We are proud to be a company that safely transports and stores liquid fuels, including fossil fuels and lower carbon intensity renewable fuels, in an environmentally responsible way to meet those needs. NuStar will use proceeds from the For example, for full-year 2022, NuStar reported net income of $223 million, or $0.36 per unit, compared to net income of $38 million, or a net loss of $0.99 per unit, for the year ended 2021. 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 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. NuStar Energy L.P. is headquartered in San Antonio, Texas and is one of the largest independent liquids terminal and pipeline operators in the nation, responsibly storing and distributing renewable fuels, ammonia, refined products, crude oil and other 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/. As we stated when we announced our intent to sell the refinery, it was Expert Career Advice. NuStar Energy LP . Browse the open positions at NuStar Energy, and apply online. "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. This committee includes representatives from Environmental, Safety, Human Resources, Corporate Communications, Investor Relations, Legal, Operations, Accounting, Business Development, Internal Audit and other departments. The Charlotte, N.C., bank acquired the 300,000-square-foot building from the San Antonio-based energy logistics company, which has agreed to lease it back. Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52. NuStar . The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. We are proud to have generated higher adjusted EBITDA for 2022 through a combination of revenue improvement and expense optimization, which helped mitigate some of the impact of 2022s historic inflation.. employees, the company moved all non-operating personnel out of the NuStar Energy Agrees to Sell Its San Antonio Refinery and Related Assets to Calumet Specialty Products Partners, L.P. 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. 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. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. About NuStar Energy L.P. 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. These adjustments represent the pro forma effects of the dispositions of the Point Tupper terminal, which was sold in April 2022, and the Eastern U.S. terminals, which were sold in October 2021. 2021 Commercial Real Estate Direct All rights reserved. Brad Barron, president and CEO of NuStar Energy, speaks in 2019 during the company's annual meeting at its San Antonio headquarters. 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. Investor Relations: 210-918-INVR (4687) Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52. Home > Truist Buys NuStar Energys San Antonio HQ for $103Mln. The following is the reconciliation for the calculation of our Consolidated Debt Coverage Ratio, as defined in our revolving credit agreement (the Revolving Credit Agreement). [1]The Environmental Partnership is comprised of companies in the U.S. oil and natural gas industry committed to continuously improve the industrys environmental performance. To power modern life, our communities need to stay connected to reliable, convenient and high energy density fuels. the crude oil that is processed at the refinery. visit NuStar Energy L.P.'s Web site at www.nustarenergy.com. Austin-based Capital Commercial Investments bought 290 acres at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. bankruptcy in April 2011 for $41 million, and the company has invested Human Resources Specialist. Investor Relations: 210-918-INVR (4687) or We ended the fourth quarter of 2022 with a debt-to-EBITDA ratio of 3.98 times, said Shoaf. [1]Blue ammonia is produced with natural gas, but the associated emissions are captured and stored. Which Will Outperform: U.S. Stocks or International? Read our editorial policy to learn more about our process. The following are reconciliations for our reported segments of operating income to segment EBITDA and adjusted segment EBITDA. purchase agreement to sell its San Antonio refinery and related assets, 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. NuStar Energy is a leading pipeline and terminal operator based in San Antonio, TX. The following is a reconciliation of net income to EBITDA, DCF and distribution coverage ratio. NuStar Energy Jobs in San Antonio (2023) | Glassdoor efforts that benefited the surrounding community. 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. Furthermore, our employees have made a positive difference in the communities where NuStar has operations by donating their time and resources to countless worthy causes. Markets Brief: 10th Straight Fed Rate Hike on Tap. The company is one of the largest independent liquids terminal and pipeline operators in the nation.
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