For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. It closed the year with debt of $3.3 billion. NuStar Energy has invested millions of dollars to transform a refinery in San Antonio once owned by AGE Refining. NuStar owns 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. DCF is a financial indicator used by the master limited partnership (MLP) investment community to compare partnership performance. Reconciliation of Non-GAAP Financial Information, (Unaudited, Thousands of Dollars, Except Ratio Data). For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. wasnt part of our strategic plan, said NuStar President and CEO Curt Shoaf also gave full-year guidance for net income and EBITDA, as well as strategic capital and reliability capital for 2023. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/bgpdnpyj. Adjusted distribution coverage ratio is calculated by dividing adjusted DCF by distributions applicable to common limited partners. 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. 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. 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 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. efforts that benefited the surrounding community. 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. Apr 15, 2021 10:14AM EDT. an excellent opportunistic purchase for us, even though fuels refining SAN ANTONIO - NuStar Energy has a new chairman after its previous chairman of 21 years retired from his position on Thursday. costs, it also is expected to reduce refinery unplanned outages and 1 of 3. NuStar Energy Corporate Headquarters Off-Market 19003 Interstate 10 Frontage Road, San Antonio, TX 78257 This property is off-market. 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). He also noted that NuStars Mid-Continent refined product systems once again delivered solid, dependable revenue contribution in the fourth quarter of 2022. Austin-based Capital Commercial Investments bought 290 acres at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. visit NuStar Energy L.P.'s Web site at www.nustarenergy.com. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The following is a reconciliation of net income to EBITDA, DCF and distribution coverage ratio. 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. 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. 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. The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. The atmosphere is nearly stress free and the people here make it fun to work here. How we use your information depends on the product and service that you use and your relationship with us. The full-year 2022 adjusted net . NuStar Energy salaries in San Antonio, TX. He also noted that NuStar now plans to spend $130 to $150 million in strategic capital in 2023. During 2021, we continued serving our communities and ensuring they had the reliablefuels needed to power their everyday lives. 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 plays a vital role in helping toensure Americas food supply from fueling for tractors, to supplying the ammonia Americas farmers use to fertilize their fields and increase crop yields, to fueling the trucks that transport food from the farm to your table, NuStar plays an integral part in bringing affordable, healthy foods to our communities, throughout the Midwest and across the country. 2013 and close on January 2, to fund the growth of those fee-based Copyright NuStar Energy L.P. All Rights Reserved. NuStar Energy careers in San Antonio, TX | Indeed.com The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. Make sure people know what they need to know and when they need to know it. Projected for the Year Ended 27, 2023-- Be helpful and seek help from others when you need it. San Antonio's NuStar sells North Side headquarters for $103 million Our total debt balance was $3.3 billion, and our revolver facility availability was over $775 million of the facilitys $1 billion capacity. 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. assumptions are discussed in NuStar Energy L.P.'s 2010 annual report on The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. [1]Blue ammonia is produced with natural gas, but the associated emissions are captured and stored. 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. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). NuStar Energy sells its headquarters building to Truist Bank, leases it 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. its strategic redirection away from the earnings volatility associated 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. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. Given how 2022s historic inflation and volatility made for a bumpy ride around the globe and across financial markets, I am particularly proud of our results last year, which once again demonstrate the stability and strength of NuStars business, said NuStar Chairman and CEO Brad Barron. In A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). 1 of 14. L.P.(Calumet) for $100 million, plus closing date inventory estimated strong compensation and benefits programs.. J&L Realty buys Hollywood performing arts academy for $23M, Harris Bay pitches hotel, office-to-resi for Tobin Hill. An energy logistics company is selling its San Antonio headquarters but will remain at the site as part of a leaseback deal. NuStar Energy sells North Side HQ for $103 million but will stay there, SAPD calls: Body in flooded creek; man dead after hit by train. The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. Learn more about NuStars caring and sharing culture. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). The following are reconciliations of net income / net income (loss) per common unit to adjusted net income / adjusted net income per common unit. San Antonio's NuStar Energy posts best fourth quarter in its history It closed the year with debt of $3.3 billion. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions. The adjusted distribution coverage ratio was 2.01 times 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. NuStar currently has 8,573 miles of NuStar Energy L.P., a publicly traded master limited partnership based The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. Wed like to share more about how we work and what drives our day-to-day business. Make a difference in your job and your community. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. region and other U.S. shale plays, where NuStar already has extensive 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. NuStar sells HQ for $103M in leaseback - The Real Deal 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. 2021 Commercial Real Estate Direct All rights reserved. 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 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. NuStar currently has 8,708 miles of pipeline and 81 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. approximately 80 crude delivery trucks per day from San Antonio roads. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. 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 . The effort effectively removed refinery produces and sells various products, including jet fuels, 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. 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. now moves the crude to the refinery. 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. Verify your identity, personalize the content you receive, or create and administer your account. NuStar Energy - NuStarInternet Actual results may differ materially from those described in the forward-looking statements. 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.
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