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. As we stated when we announced our intent to sell the refinery, it was Base in San Antonio that includes a state-of-the-art laboratory. 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. This is a carousel. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). The Partnerships combined system has approximately 95 You can help Wikipedia by expanding it. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. 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. It closed the year with debt of $3.3 billion. 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. 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. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Read our editorial policy to learn more about our process. 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. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. 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]. We sold our Canadian operations on April 29, 2022, which are not included on the map below. More >> This press release includes, and the related conference call will include, forward-looking statements regarding future events and expectations, such as NuStars future performance, plans and expenditures. For any questions regarding our Sustainability Report and performance, please contact NuStar [email protected]. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. 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 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. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution Home > Truist Buys NuStar Energys San Antonio HQ for $103Mln. growth projects and acquisitions, especially in the Eagle Ford Shale We are also proud of our contributions to Americas economic well-being and energy independence, and we plan to continue to provide our communities with the reliable liquid fuels they need for decades to come, safely and responsibly, so our communities can continue to be secure and thrive. Learn how you can invest in and be part of NuStar. employees received significant increases in their compensation and And one Corporate Communications: 210-918-2314, View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/. 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. 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. wasnt part of our strategic plan, said NuStar President and CEO Curt San Antonio first responders received the two calls within moments of each other Friday evening. In 2019, we formed an ESG Task Force to focus on sustainability reporting and build upon our best practices. 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. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution 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. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. While the last few years have tested our industry more than any other time in recent history, our excellent sustainability performance demonstrates the strength of our assets and resiliency of our company to meet future energy challenges. These statements reflect NuStars current views with respect to future events and are subject to various risks, uncertainties and assumptions. Which Will Outperform: U.S. Stocks or International? partnership. 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. Operations are managed by NuStar GP, LLC. 1 of 3. The following is a reconciliation of net income to EBITDA, DCF and distribution coverage ratio. We may also adjust these measures to enhance the comparability of our performance across periods. 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 reports record-breaking 2022 Q4 results - San Antonio Business pipeline operators in the nation. refinery produces and sells various products, including jet fuels, The following is a reconciliation of EBITDA to adjusted EBITDA. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. 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/. NuStar Energy - Overview, News & Competitors | ZoomInfo.com 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. NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and . well as assumptions made by and information currently available to the 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. pipeline and storage operations. 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.. It has been working to reduce debt and the lease-buyback enables it to make money from a non-earning asset, it said. SAN ANTONIO--(BUSINESS WIRE)--Feb. 1, 2023-- 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. 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/BI757a142163514824bfe28118ca3c0731. position for a refinery because it limits resources and available NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, 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. Actual results may differ materially from those described in the forward-looking statements. NuStar Energy has sold its North Sideheadquarters toTruist Financial Corp.for $103 million, but the oil pipeline and terminal operator is not moving. In addition, we expect to spend between $25 and $35 million on reliability this year.. including a terminal in Elmendorf, TX and a pipeline connecting the Best Energy Companies To Work For In San Antonio, TX - Zippia Except as required by law, NuStar does not intend, or undertake any obligation, to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. This is The energy organization reported $75 million in adjusted net income for the fourth quarter of 2022, which was an increase of $21 million to quarter four 2021. NuStar Energy sells North Side HQ for $103 million but will stay there, SAPD calls: Body in flooded creek; man dead after hit by train. Adjusted DCF was $357 million for full-year 2022, compared to adjusted DCF of $333 million in 2021. visit NuStar Energy L.P.'s Web site at www.nustarenergy.com. I would absolutely recommend NuStar to friends and others looking for employment. 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. Investors, Pam Schmidt, Vice President, Investor Relations Our adjusted EBITDA for full-year 2022 was $722 million, compared to 2021 adjusted EBITDA of $705 million. Investor Relations: 210-918-INVR (4687) L.P.(Calumet) for $100 million, plus closing date inventory estimated As of December 31, 2021, we had operations in the United States, Canada and Mexico. Adjusted distributable cash flow (DCF) was $89 million for the fourth quarter of 2022, compared to fourth quarter of 2021 DCF of $63 million. Continuing Sustainability Excellence in 2021. 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. conducted significant environmental cleanup as well as beautification 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. This committee includes representatives from Environmental, Safety, Human Resources, Corporate Communications, Investor Relations, Legal, Operations, Accounting, Business Development, Internal Audit and other departments. now moves the crude to the refinery. 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. The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. Commission. 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. Cautionary Statement Regarding Forward-Looking Statements. 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 sells HQ for $103M in leaseback - The Real Deal As a result of our strong culture and our Guiding Principles, NuStar has received numerous awards including being named to FORTUNE Magazines 100 Best Companies to Work For list 12 times, FORTUNE Magazines Best Workplaces for Millennials list five times and Latino Leader Magazines Best Companies for Latinos to Work list two times. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). 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. The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. uncertainties and assumptions. To further enhance the safety of refinery Projected for the Year Ended It closed the year with debt of $3.3 billion. Please enter your username or email address to reset your password. SAN ANTONIO -- (BUSINESS WIRE)--Mar. [2] 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. The deal was made to monetize a real estate asset that hasnt been yielding lucrative returns, and NuStar will pay off some of its outstanding debt with the $103 million, a company spokesperson told the outlet. 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 refinery has an outstanding group of employees and we SAN ANTONIO - NuStar Energy has a new chairman after its previous chairman of 21 years retired from his position on Thursday. Cautionary Statement Regarding Forward-Looking Statements. These risks, uncertainties and assumptions are discussed in NuStar Energy L.P.s 2021 annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission. 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. Green ammonia is produced using renewable electricity to power an electrolyser to extract hydrogen from water and an air separation unit to extract nitrogen from air, which are then combined, through a chemical reaction powered by renewable electricity, to produce ammonia. NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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. This article about a natural gas or petroleum-related company is a stub. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. 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. events and the future financial performance of NuStar Energy L.P. All Suzanne Wade, former president of H-E-B San Antonio's Food and Drug Division, was. We intend to satisfy the vestings of these equity-based awards with the issuance of our common units. 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. Expect the best from yourself and from each other. 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. facility that is also much more reliable and profitable. terminal, which is approximately 12 miles away from the refinery, stores 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 Energy L.P. is a publicly traded master limited partnership. Form 10-K and subsequent filings with the Securities and Exchange Results for the fourth quarter of 2022 include a $16 million gain from insurance proceeds to rebuild tanks at its Selby terminal. Express-News file photo Show More Show Less 2 of 14. 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. 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.
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