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 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. 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. They should not be considered in isolation or as substitutes for a measure of performance prepared in accordance with GAAP. Operations are managed by NuStar GP, LLC. Unlock in-depth property data and market insights by signing up to CommercialEdge . 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. refining assets with Lindsay Goldberg that essentially makes the San Truist Buys NuStar Energy's San Antonio HQ for $103Mln 1 of 3. an excellent opportunistic purchase for us, even though fuels refining the refinery that made it a safer and more environmentally sound Let us show you the advantages of being a Nustar Customer, and how easy it is to get started. 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. Adjusted distribution coverage ratio is calculated by dividing adjusted DCF by distributions applicable to common limited partners. terminal and refinery, to Calumet Specialty Products Partners, 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 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. 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 currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . 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. Calumet is committed to safety excellence, as well as continued Working at NuStar Energy L.P. | Great Place To Work Investors, Pam Schmidt, Vice President, Investor Relations 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. Expert Career Advice. NuStar, whose CEO is Brad Barron, has the option to extend its lease through two additional 10-year periods until March 2063. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. For any questions regarding our Sustainability Report and performance, please contact NuStar atSustainability@NuStarEnergy.com. Amid high interest rates, the deal was an efficient way to gain equity quickly, while remaining good stewards of its resources, the spokesperson said. 730 Verify your identity, personalize the content you receive, or create and administer your account. 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. approximately 80 crude delivery trucks per day from San Antonio roads. We are also encouraged by the continued improvement we saw in January on that system, as our average volumes rose to almost 400,000 BPD last month.. Photos: King William Fair and Parade mark Fiestas final Seguin amusement park shown in HBO Max show about Texas Hill Country property near San Antonio to become state park. 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]. NuStar Energy sells its headquarters building to Truist Bank, leases it 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 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. NuStar purchased the refinery and terminal out of 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. Which Will Outperform: U.S. Stocks or International? Austin-based Capital Commercial Investments bought 290 acres at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. NuStar Energy invests millions in San Antonio refinery Payments made in connection with DERs are deducted from DCF. service a 12-mile pipeline between the terminal and the refinery that NuStar Energy Employee Reviews in San Antonio, TX 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. Provide specific products and services to you, such as portfolio management or data aggregation. 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. The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. 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 Energy L.P. | LinkedIn Intern. For example, for full-year 2022, NuStar reported net income of $223 million, or $0.36 per unit, compared to net income of $38 million, or a net loss of $0.99 per unit, for the year ended 2021. Continuing Sustainability Excellence in 2021. of refining resources and expertise to provide the support the refinery 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. It will provide opportunities for future borrowing to repurchase its units or for other purposes. A conference call with management is scheduled for 10:00 a.m. CT on Wednesday, February 1, 2023, to discuss the financial and operational results for the fourth quarter of 2022. 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. forward-looking statements are based on the partnership's beliefs as Brad Barron, president and CEO of NuStar Energy, speaks in 2019 during the company's annual meeting at its San Antonio headquarters. The San Antonio company generated $92 million in profit in the three months through December, up from $58 million a year earlier. 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. visit NuStar Energy L.P.'s Web site at www.nustarenergy.com. Technical expert and resource (Current Employee) - San Antonio, TX - October 4, 2018. 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. 2023-04-27 | NYSE:NS | Press Release | NUSTAR ENERGY L.P. 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. 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. Madison Iszler covers real estate, retail, economic development, and other business topics for the San Antonio Express-News. NuStar currently has 8,573 miles of 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 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. Salary estimated from 24 employees, users, and past and present job advertisements on Indeed. The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. 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. 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). Property Type Office - General Office Property Size 317,808 SF Lot Size 31.97 Acre Parking Spaces Avail. Terms of Service apply. (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). 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. NuStar reports record-breaking 2022 Q4 results - San Antonio Business Mary Rose Brown, Senior Vice President,Administration: 210-918-2314maryrose.brown@nustarenergy.comWeb This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). refinery and into an 18,000-square-foot office complex at Brooks City Apr 15, 2021 10:14AM EDT. 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. Please enter your username or email address to reset your password. 2013 and close on January 2, to fund the growth of those fee-based transaction, which is expected to have an effective date of January 1, The following is a reconciliation of EBITDA to adjusted EBITDA. growth projects and acquisitions, especially in the Eagle Ford Shale now moves the crude to the refinery. Updated August 2022. var theDate=new Date() document.write(theDate.getFullYear()) Commercial Real Estate Direct All rights reserved. costs, it also is expected to reduce refinery unplanned outages and conducted significant environmental cleanup as well as beautification NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and . NuStars Assets are Strategically Located Throughout the United States and in Mexico. approximately $54 million since then on improvements to the refinery. It closed the year with debt of $3.3 billion. NuStar Energy careers in San Antonio, TX | Indeed.com 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. 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. NuStar Energy L.P. is a publicly traded master limited partnership. NuStar Energy L.P. Chairman Bill Greehey Steps Down $16.75 per hour. , which are not included on the map below. SAN ANTONIO--(BUSINESS WIRE)--Dec. 17, 2012-- This press release includes forward-looking statements within the facility that is also much more reliable and profitable. the crude oil that is processed at the refinery. 1 of 14. US LBM Holdings Opens Manufacturing Facility in Auburndale, Fla. Rockefeller Group Breaks Ground on 147,000-SF Industrial Project in Piscataway, N.J. Virtus Buys Phoenix Medical-Office Building for $48.5Mln. Corporate Communications: 210-918-2314 / 210-410-8926, NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 Earnings Results, Copyright NuStar Energy L.P. All Rights Reserved, https://edge.media-server.com/mmc/p/bgpdnpyj, https://register.vevent.com/register/BI757a142163514824bfe28118ca3c0731, https://www.businesswire.com/news/home/20230131006184/en/. Results for the fourth quarter of 2022 include a $16 million gain from insurance proceeds to rebuild tanks at its Selby terminal. As such, the expenses related to these awards are considered non-cash and added back to DCF. 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. The company moved into its 319,000-square-foot headquarters off Interstate 10 north of The Rim shopping in 2012. bankruptcy in April 2011 for $41 million, and the company has invested 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. An energy logistics company is selling its San Antonio headquarters but will remain at the site as part of a leaseback deal. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. Commission. More >> Stock Market | FinancialContent Business Page A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/bgpdnpyj. events and the future financial performance of NuStar Energy L.P. All million barrels of storage capacity, and NuStar has operations in the Copyright 2023 Morningstar, Inc. All rights reserved. The effort effectively removed The refinery has an outstanding group of employees and we region and other U.S. shale plays, where NuStar already has extensive This page is not available in other languages. addition to safety and reliability improvements, NuStar also has The Charlotte, N.C., bank acquired the Truist Buys NuStar Energys San Antonio HQ for $103Mln, KeyBank Lends $33Mln for Purchase of Bridgeport, W.Va., Apartments, Hines to Bring Mixed-Use Project to The Domain in Austin, Texas. [1]The Environmental Partnership is comprised of companies in the U.S. oil and natural gas industry committed to continuously improve the industrys environmental performance. This site is protected by reCAPTCHA and the Google For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. NuStar Energy L.P., a publicly traded master limited partnership based Read our editorial policy to learn more about our process. Our Guiding Principles are the foundation of everything we do: how we treat each other, the environment, our communities, our customers and business partners. Energy Transfer Partners made unsolicited bid to buy NuStar's general a throughput capacity of 14,500 barrels per day; and 50% ownership in SAN ANTONIO - NuStar Energy has a new chairman after its previous chairman of 21 years retired from his position on Thursday. J&L Realty buys Hollywood performing arts academy for $23M, Harris Bay pitches hotel, office-to-resi for Tobin Hill. 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. For more information, NuStar Energy L.P. NuStar Energy - Wikipedia Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. It has more than 9,700 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. 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. 90% Employees say this is a great place to work Company Overview About The Company We are a publicly traded partnership based in San Antonio that's recognized as a leader in safety, environmental excellence and community service. 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. 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. 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). This is up $28 million, or 16 percent, compared to fourth quarter of 2021 adjusted EBITDA of $169 million. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . These statements reflect NuStars current views with respect to future events and are subject to various risks, uncertainties and assumptions. 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.

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