Actual results may differ materially from those described in the forward-looking statements. Nustar Energy L P (NS) Declares $0.40 Dividend - MSN $81,200 per year. 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. $17.99 per hour. with respect to future events and are subject to various risks, 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. 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 L.P. is a publicly traded master limited partnership. We intend to satisfy the vestings of these equity-based awards with the issuance of our common units. [4], In 2019 NuStar received the first shipment of long haul Permian Crude at Corpus Christi terminal. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. L&L, Mitsubishi default on Plaza District office tower, Bellissimo taps Tiger Woods, Justin Timberlake for massive proposed Wellington development, Estate scores approval for downtown West Palm rental project, Brookfields Gas Company Tower goes into receivership, 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. strong compensation and benefits programs.. Subscribe to CREDirect and our Weekly Newsletter! For more information, 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. NuStar . Adjusted net income / adjusted net income per common unit, Net income / net income (loss) per common unit. Reach Madison at 210-250-3242, madison.iszler@express-news.net and @madisoniszler. capital. var theDate=new Date() document.write(theDate.getFullYear()) Commercial Real Estate Direct All rights reserved. Learn how you can invest in and be part of NuStar. Summers at MIC: Be Careful in the Stock Market, 2 Undervalued Stocks From the Morningstar Wide Moat Focus Index, Maybe 2022 Was the Start of the Return to Normal, Aswath Damodaran Says, First-Quarter Returns Positive Despite Banking Crisis and Fears of Recession, What Fund Investors Did With Their Money in the First Quarter, The Best iShares ETFs and BlackRock Funds, 20 Best Healthcare Companies to Invest In, Best Financial-Services Companies to Own: 2023 Edition, Undervalued Communication Services Stocks, Transparency is our policy. 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. Guide to Getting Your First Job. 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. Our Pipeline Segment generated $176 million of EBITDA in the fourth quarter of 2022, up $27 million, or 18 percent, over fourth quarter 2021 EBITDA of $149 million, largely due to the strong performance of our Permian Crude System, said Barron. In 2019, we formed an ESG Task Force to focus on sustainability reporting and build upon our best practices. 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. SAN ANTONIO--(BUSINESS WIRE)--Dec. 17, 2012-- 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). an excellent opportunistic purchase for us, even though fuels refining We sold our Canadian operations on April 29, 2022, which are not included on the map below. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Copyright 2023 Morningstar, Inc. All rights reserved. 2021 Commercial Real Estate Direct All rights reserved. costs, it also is expected to reduce refinery unplanned outages and including a terminal in Elmendorf, TX and a pipeline connecting the L.P.(Calumet) for $100 million, plus closing date inventory estimated Be helpful and seek help from others when you need it. The San Antonio company generated $92 million in profit in the three months through December, up from $58 million a year earlier. In 2021, we promoted our commitment to ESG excellence in alignment with our strategic goals, and we also launched our Sustainability webpage. 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. 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. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. Bill Greehey, 86, served as the chairman of NuStar and Valero L.P . December 31, 2023. partnership. It has been working to reduce. NuStar Energy is an oil pipeline and terminal operator. NuStar Energy has invested millions of dollars to transform a refinery in San Antonio once owned by AGE Refining. Anastasio. None of these financial measures are presented as an alternative to net income. crude oil, refined products and specialty liquids; a fuels refinery with NuStar Energy L.P. | LinkedIn Not only is this pipeline reducing traffic and cutting transportation Which Will Outperform: U.S. Stocks or International? Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. This transaction will give the refinery employees the opportunity to be 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. 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, is one of the largest independent liquids terminal and pipeline operators in the nation. Intern. There is for advancement and training is always available. NuStar Energy L.P. Oil and Gas San Antonio, TX 27,117 followers The rising star of the energy industry! Project Manager. 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/BI757a142163514824bfe28118ca3c0731. [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]. The adjusted distribution coverage ratio was 2.01 times for the fourth quarter of 2022. NuStar Energy Corporate Headquarters Off-Market 19003 Interstate 10 Frontage Road, San Antonio, TX 78257 This property is off-market. They are the reason that the best is yet to come for NuStar! 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. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. $18.82 per hour. 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. Investor Relations: 210-918-INVR (4687) 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. 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. Investor Relations: 210-918-INVR (4687) And one At NuStar Energy L.P., we firmly believe that if you take care of the employees, they will take care of the company, its customers, investors and communities. Nustar Energy Company Profile - Craft The deal was made to monetize a real estate asset that hasnt been yielding lucrative returns, and NuStar will pay off some of its outstanding debt with the $103 million, a company spokesperson told the outlet. Form 10-K and subsequent filings with the Securities and Exchange Learn more about NuStars caring and sharing culture. NuStar Energy Jobs in San Antonio (2023) | Glassdoor pipeline and storage operations. They should not be considered in isolation or as substitutes for a measure of performance prepared in accordance with GAAP. The board of directors has elected Brad Barron, president and CEO, as the new chairman. We may also adjust these measures to enhance the comparability of our performance across periods. Take care of yourself, others and the environment. 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. Continuing Sustainability Excellence in 2021. The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. 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. 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. Reconciliation of Non-GAAP Financial Information - Continued, (Unaudited, Thousands of Dollars, Except Ratio and Per Unit Data). It will provide opportunities for future borrowing to repurchase its units or for other purposes. 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. more consistent quality. 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. Property Type Office - General Office Property Size 317,808 SF Lot Size 31.97 Acre Parking Spaces Avail. 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. 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. [1]Blue ammonia is produced with natural gas, but the associated emissions are captured and stored. To power modern life, our communities need to stay connected to reliable, convenient and high energy density fuels. (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 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. This site is protected by reCAPTCHA and the Google 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. million barrels of storage capacity, and NuStar has operations in the Read our editorial policy to learn more about our process. Working at NuStar Energy L.P. | Great Place To Work 1 of 14. pipeline and storage operations. Nustar Energy. 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. This press release includes, and the related conference call will include, forward-looking statements regarding future events and expectations, such as NuStars future performance, plans and expenditures. We have also been awarded the International Liquid Terminals Associations (ILTA) Safety Excellence Award 12 times. NuStar Energy Agrees to Sell Its San Antonio Refinery and Related Assets to Calumet Specialty Products Partners, L.P. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported.
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