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He also noted that NuStars Mid-Continent refined product systems once again delivered solid, dependable revenue contribution in the fourth quarter of 2022. Nustar Energy Company Profile - Craft Working at NuStar Energy L.P. | Great Place To Work It acquired about 37acres there in 2010. Calumet is committed to safety excellence, as well as continued a part of a refining company with multiple refineries that has the depth 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. It will provide opportunities for future borrowing to repurchase its units or for other purposes. transaction, which is expected to have an effective date of January 1, As we mentioned last quarter, we are now positioned to accelerate our timeframe for addressing the Series D preferred units by completing the redemption in 2024, which is several years ahead of our previously scheduled timeframe. the crude oil that is processed at the refinery. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. 730 Automotive Designer, Manufacturer Leases 113,742 SF of Industrial Space in Pontiac, Mich. 3 Tampa, Fla., Industrial Properties Sold for $33Mln, Rochester, Minn., Apartment Property Sells for $26.9Mln, 356,222-SF Refrigerated Warehouse to Break Ground Soon in Lancaster, Texas, Dallas City Council Approves Development of 615-Unit Affordable-Housing Project, Crow Holdings to Construct 800,000-SF Industrial Building in Lancaster, Texas, Construction Underway on Rental Home Property in Princeton, Texas, Boeing Credit Union Lends $25Mln Against Tacoma, Wash., Apartments, Kairos Gets $175Mln Fannie Credit Facility from Berkadia, CRE Lending Volumes Increased by 14.5 Percent Last Year; Maturities Loom, Pyramids Crossgates Mall Faces May Mortgage Maturity, Macerich Seen Offering Niagara Falls Outlet Center for Sale, Veritas in Talks to Possibly Sell Apartments Backing Large CMBS Loan, CMBS Loan Against Phila.s Wanamaker Building Office Space Transfers to Special Servicer, Development Pros Form Imperium to Build Apartments in Southeast, Sunbelt, Partners Capital Adds Dallas-Area Acquisitions Pro, Paul Donahue Joins Greystone as Managing Director, Cushman & Wakefield Hires Michael Madden as Director of Occupier Services Group, Charlie Crowe Joins NewPoint Real Estate as Director of Originations. or SAN ANTONIO, April 27, 2023--(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. [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]. 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. Reach Madison at 210-250-3242, madison.iszler@express-news.net and @madisoniszler. (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). refining assets with Lindsay Goldberg that essentially makes the San 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. 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. NuStar Energy - NuStarInternet NuStar had a profit of $92 million in the three months through December $75 million after adjustments for one-time items and its Permian pipeline system handled record volumes of 584,000 barrels per day. region and other U.S. shale plays, where NuStar already has extensive We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. About NuStar - NuStar Energy Corporate Sustainability Report 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. Adjusted DCF was $357 million for full-year 2022, compared to adjusted DCF of $333 million in 2021. It closed the year with debt of $3.3 billion. 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. "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. 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. Our total debt balance was $3.3 billion, and our revolver facility availability was over $775 million of the facilitys $1 billion capacity. 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. For more information, 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. 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.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 conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. more consistent quality. Intern. 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. million barrels of storage capacity, and NuStar has operations in the In addition, we look forward to developing future partnerships to supply green and blue ammonia, for existing applications and for exciting future opportunities, like renewable electricity generation and safe, efficient transportation of hydrogen to power fuel-cell vehicles.[1]. Wed like to share more about how we work and what drives our day-to-day business. NuStar Energy LP . View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/, Investors, Pam Schmidt, Vice President, Investor Relations with the margin-based refining business in order to further grow its in the Caribbean, the United Kingdom and Turkey. NuStar Energy L.P. is a publicly traded master limited partnership. Truist Buys NuStar Energy's San Antonio HQ for $103Mln The following is a reconciliation of EBITDA to adjusted EBITDA. San Antonio's NuStar sells North Side headquarters for $103 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). Distribution coverage ratio is calculated by dividing DCF by distributions applicable to common limited partners. Shoaf also gave full-year guidance for net income and EBITDA, as well as strategic capital and reliability capital for 2023. 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.. 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. NuStar Energy invests millions in San Antonio refinery its strategic redirection away from the earnings volatility associated Salary estimated from 24 employees, users, and past and present job advertisements on Indeed. NuStar also retained 13 acres of the property. 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. To power modern life, our communities need to stay connected to reliable, convenient and high energy density fuels. NuStars Assets are Strategically Located Throughout the United States and in Mexico. Please enter your username or email address to reset your password. benefits when they joined NuStar, and Calumet is also known for their Amid high interest rates, the deal was an efficient way to gain equity quickly, while remaining good stewards of its resources, the spokesperson said. 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. These statements reflect NuStars current views with respect to future events and are subject to various risks, uncertainties and assumptions. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. 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. December 31, 2023. Our Guiding Principles are the foundation of everything we do: how we treat each other, the environment, our communities, our customers and business partners. Located on the South Side of San Antonio, the 14,500-barrel-per-day NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. 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. In November, we were able to repurchase about one-third of our Series D preferred units while keeping our debt-to-EBITDA ratio under 4 times for year-end 2022. We sold our Canadian operations on April 29, 2022, which are not included on the map below.

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