Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, 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. Adjusted distributable cash flow (DCF) was $89 million for the fourth quarter of 2022, compared to fourth quarter of 2021 DCF of $63 million. We sold our Canadian operations on April 29, 2022, which are not included on the map below. 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. of the key reasons we chose Calumets bid is because they are well-known As such, the expenses related to these awards are considered non-cash and added back to DCF. It will provide opportunities for future borrowing to repurchase its units or for other purposes. Austin-based Capital Commercial Investments bought. $81,200 per year. 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. 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 2013 and close on January 2, to fund the growth of those fee-based Wed like to share more about how we work and what drives our day-to-day business. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. Senior Operator. 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/. J&L Realty buys Hollywood performing arts academy for $23M, Harris Bay pitches hotel, office-to-resi for Tobin Hill. NuStar's lease is for 20 years, but it can be [] These statements reflect the partnership's current views $16.75 per hour. wasnt part of our strategic plan, said NuStar President and CEO Curt Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, Our Guiding Principles are the foundation of everything we do: how we treat each other, the environment, our communities, our customers and business partners. As we stated when we announced our intent to sell the refinery, it was Terms of Service apply. pipeline operators in the nation. The company will rent the real estate from an affiliate of Charlotte,N.C.,-based Truist in a transaction known as a sale-leaseback and use the proceeds to pay off outstanding debt. 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. 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. As of December 31, 2021, NuStar had 1,267 employees and operated, primarily in the United States, approximately 9,935 miles of pipeline and 64 terminal and storage facilities with a combined system comprising roughly 57 million barrels of storage capacity. NuStar Energy Agrees to Sell Its San Antonio Refinery and Related Assets to Calumet Specialty Products Partners, L.P. refining assets with Lindsay Goldberg that essentially makes the San 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. purchase agreement to sell its San Antonio refinery and related assets, 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. We have also been awarded the International Liquid Terminals Associations (ILTA) Safety Excellence Award 12 times. 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. 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. gas (LPG), specialty solvents and other highly specialized fuels, to 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. [4], In 2019 NuStar received the first shipment of long haul Permian Crude at Corpus Christi terminal. This press release includes forward-looking statements within the 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). NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions. The Partnerships combined system has approximately 95 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. partnership. In 2021, we promoted our commitment to ESG excellence in alignment with our strategic goals, and we also launched our Sustainability webpage. 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. 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. Property Type Office - General Office Property Size 317,808 SF Lot Size 31.97 Acre Parking Spaces Avail. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. Form 10-K and subsequent filings with the Securities and Exchange The 32-acre property was recently valued at about $49 million, according to the Bexar County Appraisal District. To power modern life, our communities need to stay connected to reliable, convenient and high energy density fuels. Please note that 100% of NuStar Energy L.P.s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. NuStar announced its plans to sell the refinery last month as part of 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. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. capital. They are the reason that the best is yet to come for NuStar! Human Resources Specialist. It has sold the real estate, seen here in 2014, to a North Carolina financial company and will lease back its offices for about $8 million a year. 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. Operations are managed by NuStar GP, LLC. region and other U.S. shale plays, where NuStar already has extensive refinery and into an 18,000-square-foot office complex at Brooks City United States, Canada, Mexico, the Netherlands, including St. Eustatius As of December 31, 2021, we had operations in the United States, Canada and Mexico. NuStar Energy is a leading pipeline and terminal operator based in San Antonio, TX. NuStar Energy, L.P. NS along with Neste, a renewable fuels firm, recently announced that supply trucks will now load Neste MY Sustainable Aviation FuelTM at the NuStar . A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. Home > Truist Buys NuStar Energys San Antonio HQ for $103Mln. Adjusted DCF was $357 million for full-year 2022, compared to adjusted DCF of $333 million in 2021. Let us show you the advantages of being a Nustar Customer, and how easy it is to get started. Investor Relations: 210-918-INVR (4687) Brad Barron, president and CEO of NuStar Energy, speaks in 2019 during the company's annual meeting at its San Antonio headquarters. 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: NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. for their commitment to their employees. The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. 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 following is a reconciliation of net income to EBITDA, DCF and distribution coverage ratio. 730 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. approximately $54 million since then on improvements to the refinery. Anastasio. 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. I would absolutely recommend NuStar to friends and others looking for employment. 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 has been named to this prestigious list 13 times, and is the only San Antonio-based company, one of only two energy . We may also adjust these measures to enhance the comparability of our performance across periods. 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. Copyright NuStar Energy L.P. All Rights Reserved. They should not be considered in isolation or as substitutes for a measure of performance prepared in accordance with GAAP. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. And that has been proven true as our employees have made NuStar a leader in the petroleum pipeline and terminal industry and a solid investment for our unitholders. 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. 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. service a 12-mile pipeline between the terminal and the refinery that L.P.(Calumet) for $100 million, plus closing date inventory estimated The adjusted distribution coverage ratio was 2.02 times for full-year 2022. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. This article about a natural gas or petroleum-related company is a stub. December 31, 2023. President,Investor Relations: 210-918-3057chris.russell@nustarenergy.comorMedia, We sell different types of products and services to both investment professionals and individual investors. NuStar Energy L.P. is a publicly traded master limited partnership. more stable, fee-based pipeline and storage operations through internal 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. Reconciliation of Non-GAAP Financial Information, (Unaudited, Thousands of Dollars, Except Ratio Data). NuStar will pay an average annual rent of $8.2 million during its initial 20-year lease, with two options to extend the term for 10 years each, according to a filing last month with theSecurities and Exchange Commission. a throughput capacity of 14,500 barrels per day; and 50% ownership in Unlock in-depth property data and market insights by signing up to CommercialEdge . About NuStar Energy L.P. 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. The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. with the margin-based refining business in order to further grow its 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. 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. Gear advertisements and other marketing efforts towards your interests. Learn how you can invest in and be part of NuStar. 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].
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