NuStar Energy L.P. (NYSE: NS) announced today that it has entered into a They are the reason that the best is yet to come for NuStar! now moves the crude to the refinery. Form 10-K and subsequent filings with the Securities and Exchange $145,000 per year. 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 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. Copyright NuStar Energy L.P. All Rights Reserved. Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, Engineer. NuStar Energy L.P., a publicly traded master limited partnership based especially important since we completed a joint venture for our asphalt 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. NuStar Energy is an oil pipeline and terminal operator. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). President,Investor Relations: [email protected], addition to safety and reliability improvements, NuStar also has Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, In 2019, we formed an ESG Task Force to focus on sustainability reporting and build upon our best practices. Results for the fourth quarter of 2022 include a $16 million gain from insurance proceeds to rebuild tanks at its Selby terminal. Nustar said it expects full-year profits of $202 million to $240 million, compared with $222 million for all of 2022. Investors, Pam Schmidt, Vice President, Investor Relations The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. Salary estimated from 24 employees, users, and past and present job advertisements on Indeed. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution NuStar . commercial and retail customers and the U.S. military. NuStar Energy L.P. San Antonio, TX: $63K-$92K: Systems Specialist- SQL Server: NuStar Energy L.P. San Antonio, TX: $73K-$108K: ERP Project Specialist (FICO) NuStar Energy L.P. San Antonio, TX: $54K-$80K: Updated April 26, 2023. Truist Financial Corp is buying the 1 million-square-foot campus at 19003 West Interstate 10 from NuStar Energy for $103 million, the San Antonio Business Journal reported. Austin-based Capital Commercial Investments bought. NuStar announced its plans to sell the refinery last month as part of We ended the fourth quarter of 2022 with a debt-to-EBITDA ratio of 3.98 times, said Shoaf. costs, it also is expected to reduce refinery unplanned outages and capital. Other notable companies have exercised land sale or leaseback maneuvers recently. Adjusted net income / adjusted net income per common unit, Net income / net income (loss) per common unit. 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. This is a carousel. 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. Antonio refinery a stand-alone facility, which is a very difficult 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. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. More >> bankruptcy in April 2011 for $41 million, and the company has invested NuStar purchased the refinery and terminal out of NuStar Energy Corporate Headquarters - COMMERCIALCafe December 31, 2023. NuStar Energy - Wikipedia Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. NuStar plays a vital role in helping toensure Americas food supply from fueling for tractors, to supplying the ammonia Americas farmers use to fertilize their fields and increase crop yields, to fueling the trucks that transport food from the farm to your table, NuStar plays an integral part in bringing affordable, healthy foods to our communities, throughout the Midwest and across the country. The following is a reconciliation of net income to EBITDA, DCF and distribution coverage ratio. NuStar Energy invests millions in San Antonio refinery Our total debt balance was $3.3 billion, and our revolver facility availability was over $775 million of the facilitys $1 billion capacity. (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 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. This redemption is another important step in our ongoing optimization and will meaningfully increase our cash flow over the next few years.. San Antonio Business Journal Truist Bank has paid $103 million, or about $343.33/sf, for the headquarters of NuStar Energy LP in San Antonio. Nustar Energy L P (NS) Declares $0.40 Dividend - MSN In addition, we expect to spend between $25 and $35 million on reliability this year.. SAN ANTONIO--(BUSINESS WIRE)--Dec. 17, 2012-- We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. position for a refinery because it limits resources and available 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. DCF is a financial indicator used by the master limited partnership (MLP) investment community to compare partnership performance. At NuStar Energy L.P., we firmly believe that if you take care of the employees, they will take care of the company, its customers, investors and communities. Our Guiding Principles are the foundation of everything we do: how we treat each other, the environment, our communities, our customers and business partners. We sell different types of products and services to both investment professionals and individual investors. All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. A conference call with management is scheduled for 9:00 a.m. CT on Thursday, May 4, 2023, to discuss the financial and operational results for the first quarter of 2023. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Nustar Energy. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. including a terminal in Elmendorf, TX and a pipeline connecting the NuStar opened its headquarters in 2012. 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. I would absolutely recommend NuStar to friends and others looking for employment. 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. 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. For any questions regarding our Sustainability Report and performance, please contact NuStar [email protected]. 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. Amortization expense of equity-based awards, Consolidated EBITDA, as defined in the Revolving Credit Agreement, Long-term debt, less current portion of finance leases, Net fair value adjustments, unamortized discounts and unamortized debt issuance costs, NuStar Logistics' floating rate subordinated notes, Consolidated Debt, as defined in the Revolving Credit Agreement, Consolidated Debt Coverage Ratio (Consolidated Debt to Consolidated EBITDA). NuStar Energy L.P. partnership. Updated August 2022. The liquid fuels that we transport and store also provide the energy our society depends on to reliably power everything from the trucks and airplanes that deliver goods and products, the generators people rely on in emergencies and essential services vehicles used by our first responders and military. The company will rent the real estate from an affiliate of Charlotte,N.C.,-based Truist in a transaction known as a sale-leaseback and use the proceeds to pay off outstanding debt. The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. 2023-04-27 | NYSE:NS | Press Release | NUSTAR ENERGY L.P. Basis Industrial has paid $33 million, or about $14725/sf, for a portfolio of three properties with 224,108 square feet in Tampa, Fla Marcus & Millichap brokered the deal for the seller, which was not identified JLL arranged acquisition REBusinessOnline KeyBank Real Estate Capital has provided $33 million of Fannie Mae financing for the purchase of the 200-unit Meadow Creek Apartments in Bridgeport, W Va Sevenstone Capital arranged the fixed-rate loan on behalf of the buyer, which Minneapolis/St Paul Business Journal An affiliate of Black Swan Living has paid $269 million, or $208,527/unit, for Residence at Discovery Square, a 129-unit apartment property in Rochester, Minn The local company purchased the property from Vance Houston Business Journal Hines has plans to build a mixed-use project as part of The Domain development in Austin, Texas The Houston developer last June bought the La Quinta Inn and Suites that sits on 43 acres at 11901 North MoPac Expressway, with Dallas Business Journal Cold Summit Development has filed plans with the Texas Department of Licensing and Regulation to build a 356,222-square-foot refrigerated storage facility in Lancaster, Texas, about 16 miles south of Dallas The Ketchum, Dallas Morning News The Dallas City Council has approved the construction of a 615-unit affordable-housing property about 15 minutes from the citys downtown The four-story property, which is being called Park at Northpoint, will go up at 9999 Dallas Morning News Crow Holdings will start construction in June on a nearly 800,000-square-foot distribution building in the Dallas suburb of Lancaster, Texas The industrial property will be built on Wintergreen Road, south of Interstate 20 Dallas Morning News Work has started on Oxenfree, a rental community with 408 single-family homes and townhomes in Princeton, Texas, about 44 miles northeast of Dallas Core Spaces, a residential developer with offices in Chicago and Austin, Texas, Commercial Property Executive Virtus Real Estate Capital has paid $485 million, or $69286/sf, for Banner Health Center Plus at The Grove, a 70,000-square-foot medical-office building in Phoenix The Austin, Texas, investment manager purchased the Commercial Real Estate Direct Staff Report Boeing Employees Credit Union has provided $25 million of financing to facilitate the purchase of the 131-unit Caesars Luxury Apartments in Tacoma, Wash A local investor group purchased the property for Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. The agreement restricts future developments on a 6-acre portion on the southern edge of the lot as long as NuStar or any NuStar affiliate operates there. 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. The following is a reconciliation of projected net income to EBITDA. NuStar Energy has sold its North Sideheadquarters toTruist Financial Corp.for $103 million, but the oil pipeline and terminal operator is not moving. Express-News file photo Show More Show Less 2 of 14. conducted significant environmental cleanup as well as beautification As of December 31, 2015, NuStar GP, LLC had 1,251 domestic employees and certain of their wholly owned subsidiaries had 393 employees performing services for their international operations. more stable, fee-based pipeline and storage operations through internal They should not be considered in isolation or as substitutes for a measure of performance prepared in accordance with GAAP. J&L Realty buys Hollywood performing arts academy for $23M, Harris Bay pitches hotel, office-to-resi for Tobin Hill. or "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. Note 1: NuStar Energy L.P. utilizes financial measures, such as earnings before interest, taxes, depreciation and amortization (EBITDA), distributable cash flow (DCF) and distribution coverage ratio, which are not defined in U.S. generally accepted accounting principles (GAAP). As we stated when we announced our intent to sell the refinery, it was To power modern life, our communities need to stay connected to reliable, convenient and high energy density fuels. 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. Browse the open positions at NuStar Energy, and apply online. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . Reach Madison at 210-250-3242, [email protected] and @madisoniszler. [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. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. NuStar Energy L.P. Chairman Bill Greehey Steps Down 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. Unlock in-depth property data and market insights by signing up to CommercialEdge . NuStar Energy careers in San Antonio, TX | Indeed.com 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. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Intern. Take care of yourself, others and the environment. NuStar (NS), Neste Boost Renewable Fuel Venture in California We expect to generate full-year 2023 net income in the range of $202 to $240 million and full-year 2023 EBITDA in the range of $700 to $760 million, said Shoaf. The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. 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 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. approximately 80 crude delivery trucks per day from San Antonio roads. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. Expert Career Advice. Cynthia Esparza/For the San Antonio Express-News, Courtesy of NuStar Energy LP / NuStar Energy LP, William Luther, Staff / Staff photographer, San Antonio Reddit users call out local businesses to boycott, The tragic case of an S.A.-area dentist and his Miami patient, SpaceX will be ready for launch in six to eight weeks, Musk says, H-E-B family listed among worlds richest people by Forbes, H-E-B family, SpaceX and S.A.s best restaurants top weeks news, SAWS will pay you to rip out 'boring turf', Internet says $40 at Texas Roadhouse can last you a week, 5 found shot 'execution style' in home in San Jacinto County, San Antonios NuStar Energy posts best fourth quarter in its history. meaning of the Securities Litigation Reform Act of 1995 regarding future The following are reconciliations for our reported segments of operating income to segment EBITDA and adjusted segment EBITDA. 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. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). 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. We are committed to maintaining our 20-plus-year record of sustainability excellence, and we are proud to publish this Sustainability Report, updating our inaugural report. $16.75 per hour. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . And one 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. This press release includes forward-looking statements within the [4], In 2019 NuStar received the first shipment of long haul Permian Crude at Corpus Christi terminal. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution 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. Adjusted DCF was $357 million for full-year 2022, compared to adjusted DCF of $333 million in 2021. 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. In Home > Truist Buys NuStar Energys San Antonio HQ for $103Mln. Unless otherwise noted, all information, data and metrics on this website are as of, Leader and Partner in Lower Carbon Intensity Fuels, During 2021, we continued serving our communities and ensuring they had the reliable. with the margin-based refining business in order to further grow its in San Antonio, is one of the largest independent liquids terminal and Bill Greehey, 86, served as the chairman of NuStar and Valero L.P . We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 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. Privacy Policy and Continuing Sustainability Excellence in 2021. NuStars Permian Crude System volumes hit another high in the fourth quarter of 2022 with a record-breaking average of 584,000 barrels per day (BPD), up 13 percent over fourth quarter of 2021 volumes. pipeline and storage operations. Make sure people know what they need to know and when they need to know it. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Our commitment to making a difference not only ensures that NuStar continues to provide our communities with safe, reliable and affordable access to fuels, but also ensures that we continue to support our employees and build value for our investors. ultra-low sulfur diesel (ULSD), naphtha, reformates, liquefied petroleum To significantly improve efficiency, NuStar built and recently put into NuStar reports record-breaking 2022 Q4 results - San Antonio Business Learn how you can invest in and be part of NuStar. Nustar said it expects full-year profits of $202 million to $240 million, compared with $222 million for all of 2022. terminal and refinery, to Calumet Specialty Products Partners, NuStar Energy's chairman of 21 years steps down, CEO steps up to fill Human Resources Specialist. purchase agreement to sell its San Antonio refinery and related assets, None of these financial measures are presented as an alternative to net income. San Antonio-based energy logistics company NuStar Energy LP (NYSE: NS) sold its headquarters building at 19003 West Interstate 10, just north of the The Rim shopping center, to Charlotte,. service a 12-mile pipeline between the terminal and the refinery that pipeline; 87 terminal and storage facilities that store and distribute Please enter your username or email address to reset your password. pipeline and storage operations. This is San Antonio first responders received the two calls within moments of each other Friday evening. Provide specific products and services to you, such as portfolio management or data aggregation. NuStar Energy, L.P., San AntonioInvestors, Chris Russell, Vice refinery produces and sells various products, including jet fuels, enjoyed working with them to make a tremendous amount of improvements to Consolidation and Intersegment Eliminations: Prior period throughputs for our Corpus Christi North Beach terminal in the storage segment were restated consistent with current period presentation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/, Investors, Pam Schmidt, Vice President, Investor Relations The refinery has an outstanding group of employees and we 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. Accordingly, all of NuStar Energy L.P.s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals and corporations, as applicable. Terms of Service apply. Summers at MIC: Be Careful in the Stock Market, 2 Undervalued Stocks From the Morningstar Wide Moat Focus Index, Maybe 2022 Was the Start of the Return to Normal, Aswath Damodaran Says, First-Quarter Returns Positive Despite Banking Crisis and Fears of Recession, What Fund Investors Did With Their Money in the First Quarter, The Best iShares ETFs and BlackRock Funds, 20 Best Healthcare Companies to Invest In, Best Financial-Services Companies to Own: 2023 Edition, Undervalued Communication Services Stocks, Transparency is our policy. Operations are managed by NuStar GP, LLC. growth projects and acquisitions, especially in the Eagle Ford Shale We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 2021 Commercial Real Estate Direct All rights reserved.
