View source version on businesswire.com: https://www.businesswire.com/news/home/20230131006184/en/, Investors, Pam Schmidt, Vice President, Investor Relations We have also been awarded the International Liquid Terminals Associations (ILTA) Safety Excellence Award 12 times. The following are reconciliations of net income / net income (loss) per common unit to adjusted net income / adjusted net income per common unit. He also noted that NuStars Mid-Continent refined product systems once again delivered solid, dependable revenue contribution in the fourth quarter of 2022. We sell different types of products and services to both investment professionals and individual investors. 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. Provide specific products and services to you, such as portfolio management or data aggregation. 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., 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 Energy L.P., a publicly traded master limited partnership based Investors, Pam Schmidt, Vice President, Investor Relations 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. We sold our Canadian operations on April 29, 2022, which are not included on the map below. terminal, which is approximately 12 miles away from the refinery, stores million barrels of storage capacity, and NuStar has operations in the Cautionary Statement Regarding Forward-Looking Statements. bankruptcy in April 2011 for $41 million, and the company has invested 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. DCF is a financial indicator used by the master limited partnership (MLP) investment community to compare partnership performance. or $18.82 per hour. It acquired about 37acres there in 2010. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution 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. As we stated when we announced our intent to sell the refinery, it was None of these financial measures are presented as an alternative to net income. 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. NuStar Energy Jobs in San Antonio (2023) | Glassdoor 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. 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. 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. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. 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 (NS), Neste Boost Renewable Fuel Venture in California This is up $28 million, or 16 percent, compared to fourth quarter of 2021 adjusted EBITDA of $169 million. 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. These high energy density liquid fuels are used in the vehicles that get us where we need to go, whether that is commuting to work, shopping for groceries, taking our children to school or flying on an airplane to visit family and friends. The 32-acre property was recently valued at about $49 million, according to the Bexar County Appraisal District. NuStar Energy L.P. Chairman Bill Greehey Steps Down Other notable companies have exercised land sale or leaseback maneuvers recently. 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. Learn how it impacts everything we do, https://edge.media-server.com/mmc/p/fnk2v7x2, https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52, https://www.businesswire.com/news/home/20230427005881/en/. Cautionary Statement Regarding Forward-Looking Statements. Truist Buys NuStar Energy's San Antonio HQ for $103Mln NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution Copyright 2023 Morningstar, Inc. All rights reserved. Unless otherwise noted, all information, data and metrics in this report reflect our worldwide operations as of December 31, 2021 and include any divested assets through the date of divestment. or Our total debt balance was $3.3 billion, and our revolver facility availability was over $775 million of the facilitys $1 billion capacity. Austin-based Capital Commercial Investments bought. [5], On 15 October 2019, the Nustar Fire, a 15-acre wildfire, was caused by an explosion of two ethanol storage tanks at NuStar's Crockett, California, fuel depot.[6][7]. 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. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/bgpdnpyj. to be $15 million. NuStar Energy L.P. 1, 2023-- NuStar Energy L.P. (NYSE: NS) today announced that the 2022 tax packages, which include the Schedule K-1's for Series A, Series B and Series C preferred units and common units, are available online at www.nustarenergy.com in the Investors section of the. , which are not included on the map below. Stock Market | FinancialContent Business Page $16.75 per hour. 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. 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 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. Take care of yourself, others and the environment. 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). And one Expert Career Advice. NuStar Executive Vice President and Chief Financial Officer Tom Shoaf gave a positive update on the companys continued progress in reducing its debt and building its financial strength and flexibility. At the time, the San Antonio company operated four docks along the Corpus Christi industrial canal. 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 Company Profile - Craft Contact Information | NuStar Energy L.P. 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. 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. He also noted that NuStar now plans to spend $130 to $150 million in strategic capital in 2023. This press release includes forward-looking statements within the In 2021, we promoted our commitment to ESG excellence in alignment with our strategic goals, and we also launched our Sustainability webpage. Senior Operator. well as assumptions made by and information currently available to the As such, the expenses related to these awards are considered non-cash and added back to DCF. NuStar . growth projects and acquisitions, especially in the Eagle Ford Shale For more information, I would absolutely recommend NuStar to friends and others looking for employment. The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. 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. 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. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. Projected for the Year Ended including a terminal in Elmendorf, TX and a pipeline connecting the 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. NuStar Energy invests millions in San Antonio refinery approximately 80 crude delivery trucks per day from San Antonio roads. The adjusted distribution coverage ratio was 2.02 times for full-year 2022. with respect to future events and are subject to various risks, It has been working to reduce. SAN ANTONIO -- (BUSINESS WIRE)--Oct. 27, 2022-- NuStar Energy L.P. (NYSE: NS) announced today that Bill Greehey will step down from his position as NuStar's chairman of the board and become chairman emeritus, effective immediately. 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. This is Anastasio. 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. Our adjusted EBITDA for full-year 2022 was $722 million, compared to 2021 adjusted EBITDA of $705 million. 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. In this climate of high interest rates and with some capital markets still not accessible to (master limited partnerships), this provides us with a less costly method of generating capital compared to other financing techniques and demonstrates our commitment to being good stewards of our resources, NuStar said. 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. 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. Wed like to share more about how we work and what drives our day-to-day business. NuStar also retained 13 acres of the property. San Antonio pipeline operator NuStar Energy posted a gain of more than $200 million in 2018 after undergoing a major restructuring, the company said Thursday. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution NuStar Energy sells its headquarters building to Truist Bank, leases it These statements reflect NuStars current views with respect to future events and are subject to various risks, uncertainties and assumptions. Brad Barron, president and CEO of NuStar Energy, speaks in 2019 during the company's annual meeting at its San Antonio headquarters.
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