to be $15 million. San Antonio first responders received the two calls within moments of each other Friday evening. 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. NuStar Energy invests millions in San Antonio refinery 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. These risks, uncertainties and Expect the best from yourself and from each other. As we stated when we announced our intent to sell the refinery, it was million barrels of storage capacity, and NuStar has operations in the This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). NuStar . capital. 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/. NuStar Energy is a leading pipeline and terminal operator based in San Antonio, TX. 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., 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 company is one of the largest independent liquids terminal and pipeline operators in the nation. uncertainties and assumptions. of refining resources and expertise to provide the support the refinery efforts that benefited the surrounding community. 1 of 3. 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. Results for the fourth quarter of 2022 include a $16 million gain from insurance proceeds to rebuild tanks at its Selby terminal. None of these financial measures are presented as an alternative to net income. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. We ended the fourth quarter of 2022 with a debt-to-EBITDA ratio of 3.98 times, said Shoaf. 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. the crude oil that is processed at the refinery. The full-year 2022 adjusted net . 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. NuStar Energy L.P. is a publicly traded master limited partnership. The refinery has an outstanding group of employees and we Projected for the Year Ended The following is a reconciliation of DCF to adjusted DCF and adjusted distribution coverage ratio. Terms of Service apply. site: http://www.nustarenergy.com. NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and . Be helpful and seek help from others when you need it. 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. Take care of yourself, others and the environment. NuStar Energy L.P. is a publicly traded master limited partnership. Located on the South Side of San Antonio, the 14,500-barrel-per-day events and the future financial performance of NuStar Energy L.P. All The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. To further enhance the safety of refinery Unlock in-depth property data and market insights by signing up to CommercialEdge . 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 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]. The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. including a terminal in Elmendorf, TX and a pipeline connecting the For any questions regarding our Sustainability Report and performance, please contact NuStar atSustainability@NuStarEnergy.com. You can help Wikipedia by expanding it. The Elmendorf NuStar reported net income of $92 million for the fourth quarter of 2022, or $0.18 per unit, compared to net income of $58 million, or $0.19 per unit, for the fourth quarter of 2021. SAN ANTONIO--(BUSINESS WIRE)--Dec. 17, 2012-- Project Manager. 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. Investors, Pam Schmidt, Vice President, Investor Relations 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 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. addition to safety and reliability improvements, NuStar also has 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. In addition, our board of directors uses EBITDA, DCF and a distribution coverage ratio, which is calculated based on DCF, as some of the factors in its compensation determinations. 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. They should not be considered in isolation or as substitutes for a measure of performance prepared in accordance with GAAP. meaning of the Securities Litigation Reform Act of 1995 regarding future It closed the year with debt of $3.3 billion. NuStar Energy Director of Operations Chris Vratil provides a tour during construction of NuStar's tank farm in Corpus Christi in 2019. Stock Market | FinancialContent Business Page 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. Austin-based Capital Commercial Investments bought 290 acres at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. 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. Express-News file photo Show More Show Less 2 of 14. 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. 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. terminal and refinery, to Calumet Specialty Products Partners, with the margin-based refining business in order to further grow its 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/. [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. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. This article about a natural gas or petroleum-related company is a stub. J&L Realty buys Hollywood performing arts academy for $23M, Harris Bay pitches hotel, office-to-resi for Tobin Hill. 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. He also noted that NuStars Mid-Continent refined product systems once again delivered solid, dependable revenue contribution in the fourth quarter of 2022. This is Truist bought the San Antonio-based energy logistics companys building, NuStar CEO Brad Barron, Truist Financial Corp CEO William H. Rogers Jr. and 19003 West Interstate 10 (LinkedIn, Loopnet, Truist). Copyright 2023 Morningstar, Inc. All rights reserved. NuStar Energy L.P. Corporate Headquarters 19003 IH-10 West San Antonio, TX 78257 Phone: (800) 866-9060 or (210) 918-2000 webmaster@nustarenergy.com Marketing Contacts (Pipeline & Terminal): Please select this link to access the marketing contacts page Sourcing/Procurement Department: 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. Subscribe to CREDirect and our Weekly Newsletter! The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. two asphalt refineries with a combined throughput capacity of 104,000 NuStar Energy's chairman of 21 years steps down, CEO steps up to fill 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. or Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. 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. Barron closed by mentioning how integral NuStars optimization initiative was to the companys solid results and in facilitating an important first step to improve its capital structure in 2022. And one 2021 Commercial Real Estate Direct All rights reserved. refinery produces and sells various products, including jet fuels, Markets Brief: 10th Straight Fed Rate Hike on Tap. These statements reflect NuStars current views with respect to future events and are subject to various risks, uncertainties and assumptions. Updated August 2022. Suzanne Wade, former president of H-E-B San Antonio's Food and Drug Division, was. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution of the key reasons we chose Calumets bid is because they are well-known In 2020, we created our Sustainability Working Committee to enhance our sustainability disclosures. strong compensation and benefits programs.. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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. Amid high interest rates, the deal was an efficient way to gain equity quickly, while remaining good stewards of its resources, the spokesperson said. region and other U.S. shale plays, where NuStar already has extensive Form 10-K and subsequent filings with the Securities and Exchange Continuing Sustainability Excellence in 2021. $18.82 per hour. 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. All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. forward-looking statements are based on the partnership's beliefs as at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. About NuStar - NuStar Energy Corporate Sustainability Report refining assets with Lindsay Goldberg that essentially makes the San Former H-E-B executive elected to NuStar's board of directors - San NuStar Energy Agrees to Sell Its San Antonio Refinery and Related Assets to Calumet Specialty Products Partners, L.P. bankruptcy in April 2011 for $41 million, and the company has invested employees, the company moved all non-operating personnel out of the 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. crude oil, refined products and specialty liquids; a fuels refinery with 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. barrels per day. now moves the crude to the refinery. 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., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. 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. 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. The proceeds from this transaction will strengthen our balance sheet and go toward our continued efforts to improve our financial strength and flexibility, NuStar said in a statement. NuStar Energy - Overview, News & Competitors | ZoomInfo.com 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. Intern. Our adjusted EBITDA for full-year 2022 was $722 million, compared to 2021 adjusted EBITDA of $705 million. Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, 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 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 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. NuStar's lease is for 20 years, but it can be [] Adjusted distribution coverage ratio is calculated by dividing adjusted DCF by distributions applicable to common limited partners. [4], In 2019 NuStar received the first shipment of long haul Permian Crude at Corpus Christi terminal. Provide specific products and services to you, such as portfolio management or data aggregation. pipeline operators in the nation. 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 by investing that increased cash flow in our growth footprint, we are already on the path to compounding those benefits, with the EBITDA growth we expect from organic capital projects on our Permian System and in our West Coast Renewables Network, as well as the projects we hope to announce later this year across our Ammonia System. 1 of 14. Read our editorial policy to learn more about our process. 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. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions. 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 page is not available in other languages. Highest Fourth Quarter Net Income and Adjusted EBITDA in Company History, Permian Crude System Volumes Hit Record-Breaking Average of 584,000 Barrels Per Day/13 Percent Above 4Q 2021, Operations Performing Well Across all Systems, Fuels Marketing Segment Up Almost $23 Million Year-Over-Year. 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. position for a refinery because it limits resources and available 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.

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