costs, it also is expected to reduce refinery unplanned outages and Be helpful and seek help from others when you need it. 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. An energy logistics company is selling its San Antonio headquarters but will remain at the site as part of a leaseback deal. Make sure people know what they need to know and when they need to know it. capital. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). for their commitment to their employees. This page is not available in other languages. Copyright 2023 Morningstar, Inc. All rights reserved. We may also adjust these measures to enhance the comparability of our performance across periods. an excellent opportunistic purchase for us, even though fuels refining 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.. Stock Market | FinancialContent Business Page SAN ANTONIO--(BUSINESS WIRE)--Dec. 17, 2012-- growth projects and acquisitions, especially in the Eagle Ford Shale Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, NuStar Energy Careers and Employment 2023 | Indeed.com In 2019, we formed an ESG Task Force to focus on sustainability reporting and build upon our best practices. DCF is a financial indicator used by the master limited partnership (MLP) investment community to compare partnership performance. We are also proud of our contributions to Americas economic well-being and energy independence, and we plan to continue to provide our communities with the reliable liquid fuels they need for decades to come, safely and responsibly, so our communities can continue to be secure and thrive. Brad Barron, president and CEO of NuStar Energy, speaks in 2019 during the company's annual meeting at its San Antonio headquarters. crude oil, refined products and specialty liquids; a fuels refinery with 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. DCF is used by the MLP investment community, in part, because the value of a partnership unit is partially based on its yield, and its yield is based on the cash distributions a partnership can pay its unitholders. 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 committee includes representatives from Environmental, Safety, Human Resources, Corporate Communications, Investor Relations, Legal, Operations, Accounting, Business Development, Internal Audit and other departments. NuStar Energy L.P. | LinkedIn 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. 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. 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. 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 . 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 Director of Operations Chris Vratil provides a tour during construction of NuStar's tank farm in Corpus Christi in 2019. NuStar Energy Corporate Headquarters Off-Market 19003 Interstate 10 Frontage Road, San Antonio, TX 78257 This property is off-market. meaning of the Securities Litigation Reform Act of 1995 regarding future For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. NuStar (NS), Neste Boost Renewable Fuel Venture in California Senior Operator. barrels per day. The following is a reconciliation of EBITDA to adjusted EBITDA. 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 - Overview, News & Competitors | ZoomInfo.com The atmosphere is nearly stress free and the people here make it fun to work here. 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. Former H-E-B executive elected to NuStar's board of directors - San RECORD HIGHS: San Antonios NuStar Energy posts best fourth quarter in its history. or Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. 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. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. 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. Other notable companies have exercised land sale or leaseback maneuvers recently. 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. NuStar Energy is a leading pipeline and terminal operator based in San Antonio, TX. more consistent quality. NuStar purchased the refinery and terminal out of 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 L.P.(Calumet) for $100 million, plus closing date inventory estimated We expect to generate full-year 2023 net income in the range of $202 to $240 million and full-year 2023 EBITDA in the range of $700 to $760 million, said Shoaf. 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. Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, SAN ANTONIO - NuStar Energy has a new chairman after its previous chairman of 21 years retired from his position on Thursday. 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. President,Investor Relations: 210-918-3057chris.russell@nustarenergy.comorMedia, NuStar reports record-breaking 2022 Q4 results - San Antonio Business pipeline and storage operations. As a result of our strong culture and our Guiding Principles, NuStar has received numerous awards including being named to FORTUNE Magazines 100 Best Companies to Work For list 12 times, FORTUNE Magazines Best Workplaces for Millennials list five times and Latino Leader Magazines Best Companies for Latinos to Work list two times. position for a refinery because it limits resources and available the crude oil that is processed at the refinery. 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. NuStar currently has 8,573 miles of NuStar Energy L.P. Oil and Gas San Antonio, TX 27,117 followers The rising star of the energy industry! Cautionary Statement Regarding Forward-Looking Statements. employees, the company moved all non-operating personnel out of the Calumet is committed to safety excellence, as well as continued Cautionary Statement Regarding Forward-Looking Statements. 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. 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 effort effectively removed 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/. In 2020, we created our Sustainability Working Committee to enhance our sustainability disclosures. The following are reconciliations of net income / net income (loss) per common unit to adjusted net income / adjusted net income per common unit. 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. 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. NuStar Energy has invested millions of dollars to transform a refinery in San Antonio once owned by AGE Refining. Take care of yourself, others and the environment. pipeline operators in the nation. Austin-based Capital Commercial Investments bought. It closed the year with debt of $3.3 billion. 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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. Adjusted distribution coverage ratio is calculated by dividing adjusted DCF by distributions applicable to common limited partners. 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. These risks, uncertainties and 2023-04-27 | NYSE:NS | Press Release | NUSTAR ENERGY L.P. NuStar Energy L.P. (NYSE: NS) announced today that it has entered into a NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution a part of a refining company with multiple refineries that has the depth NuStar Energy Jobs in San Antonio (2023) | Glassdoor Verify your identity, personalize the content you receive, or create and administer your account. How we use your information depends on the product and service that you use and your relationship with us. Browse the open positions at NuStar Energy, and apply online. including a terminal in Elmendorf, TX and a pipeline connecting the NuStar Energy Employee Reviews in San Antonio, TX pipeline and storage operations. 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. SAN ANTONIO--(BUSINESS WIRE)--Apr. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable . 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. Reconciliation of Non-GAAP Financial Information, (Unaudited, Thousands of Dollars, Except Ratio Data). especially important since we completed a joint venture for our asphalt The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. About NuStar - NuStar Energy Corporate Sustainability Report Corporate Communications: 210-918-2314, View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/. 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. 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. Adjusted net income / adjusted net income per common unit, Net income / net income (loss) per common unit. 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. 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. more stable, fee-based pipeline and storage operations through internal its strategic redirection away from the earnings volatility associated None of these financial measures are presented as an alternative to net income. Contact Information | NuStar Energy L.P. The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and . NuStar Energy sells its headquarters building to Truist Bank, leases it
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