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. 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. NuStar has been named to this prestigious list 13 times, and is the only San Antonio-based company, one of only two energy . 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)--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. approximately $54 million since then on improvements to the refinery. 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. 2021 Commercial Real Estate Direct All rights reserved. with the margin-based refining business in order to further grow its The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. forward-looking statements are based on the partnership's beliefs as "NuStar's earnings grew in third quarter, despite drop in shale production", "Inter Pipeline announces the acquisition of European bulk liquid storage business", "NuStar receives the first shipment of long-haul Permian Crude at Corpus Christi terminal", "Plans To Build New Petrochemical Tanks In Rodeo Face Pushback Following NuStar Fire", https://en.wikipedia.org/w/index.php?title=NuStar_Energy&oldid=1084603172, This page was last edited on 25 April 2022, at 13:59. NuStar Energy Agrees to Sell Its San Antonio Refinery and Related [1]Blue ammonia is produced with natural gas, but the associated emissions are captured and stored. NuStar sells HQ for $103M in leaseback - The Real Deal Nustar said it expects full-year profits of $202 million to $240 million, compared with $222 million for all of 2022. 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. All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. Located on the South Side of San Antonio, the 14,500-barrel-per-day Projected for the Year Ended var theDate=new Date() document.write(theDate.getFullYear()) Commercial Real Estate Direct All rights reserved. strong compensation and benefits programs.. Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, 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. 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 announced its plans to sell the refinery last month as part of About NuStar - NuStar Energy Corporate Sustainability Report 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. needs to succeed over the long-term, Anastasio added. SAN ANTONIO--(BUSINESS WIRE)--Apr. NuStar . NuStar Energy has sold its North Sideheadquarters toTruist Financial Corp.for $103 million, but the oil pipeline and terminal operator is not moving. Privacy Policy and 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. 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. 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. addition to safety and reliability improvements, NuStar also has The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. It closed the year with debt of $3.3 billion. 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. Form 10-K and subsequent filings with the Securities and Exchange Most importantly, we were able to deliver on our top financial priorities to fund all our spending with internally generated cash flows and continue to strengthen our balance sheet by beginning our initiative to repurchase the outstanding Series D preferred units.. SAN ANTONIO--(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.The first . Let us show you the advantages of being a Nustar Customer, and how easy it is to get started. $145,000 per year. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. NuStar Energy - Overview, News & Competitors | ZoomInfo.com The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. SAN ANTONIO--(BUSINESS WIRE)--Feb. 1, 2023-- 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. Madison Iszler covers real estate, retail, economic development, and other business topics for the San Antonio Express-News. NuStar Energy L.P. | LinkedIn 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. of refining resources and expertise to provide the support the refinery For more information, The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. position for a refinery because it limits resources and available SAN ANTONIO -- (BUSINESS WIRE)--Oct. 27, 2022-- NuStar Energy L.P. (NYSE: NS) announced today that Bill Greehey will step down from his position as NuStar's chairman of the board and become chairman emeritus, effective immediately. Which Will Outperform: U.S. Stocks or International? The following is a reconciliation of EBITDA to adjusted EBITDA. We ended the fourth quarter of 2022 with a debt-to-EBITDA ratio of 3.98 times, said Shoaf. $81,200 per year. a part of a refining company with multiple refineries that has the depth 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. Verify your identity, personalize the content you receive, or create and administer your account. They should not be considered in isolation or as substitutes for a measure of performance prepared in accordance with GAAP. 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 Energy Company Profile - Craft at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. 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. NuStar will use proceeds from the Copyright NuStar Energy L.P. All Rights Reserved.
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