NuStar Energy

NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia. The Storage segment focuses on terminal and storage facilities, which include storage and handling services on a fee basis for petroleum products, specialty chemicals, crude oil, and other liquids. The Fuels Marketing segment involves the bunkering operation in the Gulf Coast and blending operations related to Central East System. The company was founded in December 1999 and is headquartered in San Antonio, TX.

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NuStar Energy reports robust Q4 earnings, eyes strategic expansion

NuStar Energy's Q4 2022 performance showcased strong financial results, driven by record volumes and revenue growth across key segments. The company's proactive approach to reducing leverage and strategic capital spending sets a positive outlook for future growth.

NuStar Energy reports robust Q1 earnings, eyes ammonia market growth

NuStar Energy (NS) delivered strong financial results in Q1 2023, with growth in EBITDA and segment performance. The company is strategically positioned for future growth with expansion projects and a focus on the ammonia market. Challenges include market competition and sustaining volume growth.

NuStar Energy reports solid Q2 earnings and diversifies revenue

NuStar Energy's Q2 performance reflects resilience and strategic focus on growth, despite challenges in Permian volumes and Storage segment transitions.
Management's commitment to financial stability, expense optimization, and diversification positions NuStar for long-term success and value creation for stakeholders.
With a solid financial foundation, ongoing investments, and a proactive approach to new opportunities, NuStar is poised for sustainable growth and operational excellence.

NuStar Energy reports robust Q3 earnings, eyes growth in low-carbon projects

NuStar Energy's Q3 performance reflects resilience and growth potential, driven by strong EBITDA figures, throughput increases, and strategic initiatives. While maintaining stable operations in Fuels Marketing, the company aims to optimize its debt structure and pursue sustainable growth avenues in low-carbon projects and facility expansions.

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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. NuStar currently has approximately 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 94 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.

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Tax loss selling and a small pullback in the preferreds market have opened up a number of buying opportunities.

Tax Loss Selling Opportunities Among Preferreds And Bonds

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that Brad Barron, President and Chief Executive Officer; Tom Shoaf, Executive Vice President and Chief Financial Officer; Danny Oliver, Executive Vice President of Business Development & Engineering; Amy Perry, Executive Vice President of Strategic Development; Pam Schmidt, Vice President of Investor Relations, and other members of management will participate in virtual meetings with members of the investment commun

NuStar to Participate in the 2021 Wells Fargo Midstream, Utility & Renewables Symposium

NuStar's (NS) third-quarter 2021 distributable cash flow available to limited partners of $92.1 million exceeds the year-ago period's number of $84 million.

NuStar Energy (NS) Stock Up 6.8% Despite Missing on Q3 Earnings

NuStar Energy L.P. reported what appeared to be strong third quarter results. The year-end debt to EBITDA was guided for under 4.0X.

NuStar Q3-2021: A Mixed Bag

NuStar Energy L.P. (NS) CEO Brad Barron on Q3 2021 Results - Earnings Call Transcript

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced solid third quarter of 2021 results fueled by strong throughputs on its refined products and crude oil pipelines. “In the third quarter, we completed the $250 million sale of our Eastern U.S. terminal facilities to Sunoco LP, which made it possible for us to execute on our plan to optimize our business and strengthen our balance sheet by deploying the sales proceeds to lower our leverage and focus 100 percent of our res

NuStar Energy L.P. Reports Solid Third Quarter of 2021 Results

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a third quarter 2021 common unit distribution of $0.40 per unit. The third quarter common unit distribution will be paid on November 12, 2021 to holders of record as of November 8, 2021. NuStar Energy L.P.'s Board of Directors also declared a third quarter 2021 Series A preferred unit distribution of $0.53125 per unit, a Series B preferred unit distribution of $0.47657 per unit a

NuStar Energy L.P. Declares Third Quarter 2021 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions

NuStar (NS) expects to spend $140-$160 million as strategic capital in 2021, which will be funded by the partnership's internally generated cash flows.

NuStar (NS) Completes U.S. Oil Storage Terminal Divestment

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that it has closed on the sale of its Eastern U.S. Terminals to Sunoco LP for $250 million. The Eastern U.S. Terminals are comprised of eight terminal locations: Andrews AFB in Washington, D.C.; Baltimore, MD; Blue Island, IL; Jacksonville, FL; Linden, NJ; Paulsboro, NJ; Piney Point, MD; and Virginia Beach, VA. The companies first announced this sale on August 2, 2021. “This divestiture will allow us to deploy the proce

NuStar Energy L.P. Closes on Sale of Its Eastern U.S. Terminals to Sunoco LP for $250 Million

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Sunoco

DALLAS, Oct. 8, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced today the completion of the previously announced acquisition of eight refined products terminals from NuStar Energy, L.P. (NYSE: NS) for approximately $250 million.

Sunoco LP Completes Acquisitions of Refined Products Terminals from NuStar, L.P. and Cato Incorporated

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, November 4, 2021 at 10:00 a.m. Central Time to discuss the third quarter 2021 earnings results, which will be released earlier that day. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 9989773. International callers may access the conference call by dialing 661/378-9931, reservation passcode 9989773. The partnership intends to h

NuStar Energy L.P. to Announce Third Quarter 2021 Earnings Results on November 4, 2021

After rating it a "Sell" in August, NS.PB is down over 6%.

NuStar Energy Series B Preferred - Moving From Bearish To Neutral After 6% Loss In 2 Months

SAN ANTONIO--(BUSINESS WIRE)--The board of directors of NuStar Energy L.P. (NYSE: NS) announced the retirement of James “Fully” Clingman, Jr., effective October 27, 2021. “We are truly grateful for Fully's service and commitment to NuStar for the last 15 years,” said Bill Greehey, NuStar's chairman of the board. “He has been a tremendous asset to our board and to our company as he is not only a strong business and civic leader, but also a caring individual who really understands the importance

NuStar Energy L.P. Announces Retirement of Revered Director and Addition of Two New Directors

NuStar's (NS) operating income of $115.6 million in Q2 surpasses $92.7 million in the corresponding quarter of last year.

NuStar Energy (NS) Stock Up 5.4% Despite Missing on Q2 Earnings

NuStar Energy is a highly leveraged MLP that has taken to raising capital via preferred equity in order to keep its Debt/EBITDA ratio in check.

Series B Preferred - Avoid The Weakest Link In NuStar Preferred Equity Suite

NuStar to Participate in the 2021 Citi One-on-One Midstream / Energy Infrastructure Conference

The NuStar Logistics L.P. 7.625% Fixed-to-Floating Rate Subordinated Notes due 1/15/2043 (NSS) are unlikely to ever be called due to the hybrid nature of this capital structure piece. Issued as debt (Subordinated Bonds) the notes have hybrid features because they are not counted towards the Debt/EBITDA calculation (consolidated debt coverage ratio) under the Revolving Credit Agreement.

NuStar 7.625% Subordinated Notes Due 1/15/2043: Unlikely To Ever Be Called

NuStar Energy L.P. reported a strong Q2-2021. The distribution coverage was fantastic and over 2X coverage of a 10.5% yield is rare.

NuStar Energy: Solid Quarter, But Risks Are Increasing

The divestment involves eight of NuStar's (NS) oil storage terminals, which have a storage capacity of 14.8 million barrels.

NuStar (NS) Signs $250M Contract to Offload Storage Terminals

NuStar Energy L.P. (NS) CEO Brad Barron on Q2 2021 Results - Earnings Call Transcript

Shares of NuStar Energy (NYSE:NS) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 516.67% over the past year to $0.25, which beat the estimate of $0.21.

Recap: NuStar Energy Q2 Earnings

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today reported net income of $63 million for the second quarter of 2021, or $0.25 per unit, compared to net income of $30 million, or a $0.06 net loss per unit for the second quarter of 2020. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $189 million for the second quarter of 2021, up $27 million or 17 percent from $162 million for the second quarter of 2020. Distributable cash flow (DCF) available to com

NuStar Energy L.P. Reports Strong Second Quarter of 2021 Earnings Results

NuStar Energy Series A Preferred Shares have a Dec. 15, 2021 call date and are the first NuStar preferred tranche to become due for an optional redemption. Despite the overall NuStar Energy leverage, which is on the high side, its Senior Secured Notes are trading well in the secondary market, signaling funding market's risk appetite for NuStar.

NuStar Energy Series A Preferred Shares - Safe Short Duration Play For An 8.4% Yield

SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that it has entered into an agreement to sell its storage terminals in the Northeast and one terminal in Florida to Sunoco LP for $250 million. There are eight terminal locations included in the sale: Andrews AFB in Washington, D.C.; Baltimore, MD; Blue Island, IL; Jacksonville, FL; Linden, NJ; Paulsboro, NJ; Piney Point, MD; and Virginia Beach, VA. The sale is expected to close by the beginning of the fourth quarter of

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