News Releases

4/24/2013

NuStar Energy Reports Increased Total Distributable Cash Flow in First Quarter of 2013

NuStar Energy L.P. (NYSE: NS) today announced first quarter distributable cash flow from continuing operations available to limited partners was $54.7 million, or $0.70 per unit, compared to 2012 first quarter distributable cash flow from continuing operations of $51.1 million, or $0.72 per unit.

3/8/2013

NuStar Energy L.P. Announces New Director

The board of directors of NuStar Energy L.P. (NYSE: NS) announces the election of W. Grady Rosier to the board.

2/1/2013

NuStar Energy Reports Earnings Results for Fourth Quarter and Full Year 2012

NuStar Energy L.P. (NYSE: NS) today announced its fourth quarter distributable cash flow from continuing operations available to limited partners was $57.1 million, or $0.73 per unit, compared to 2011 fourth quarter distributable cash flow of $59.5 million, or $0.90 per unit. For the year ended December 31, 2012, distributable cash flow from continuing operations available to limited partners was $202.6 million, or $2.77 per unit, down from the $305.3 million, or $4.70 per unit earned in 2011.

1/31/2013

NuStar Earns Top-10 Ranking on National Top Workplaces List

On the heels of being named for the fifth consecutive year to FORTUNE magazine’s listing of the 100 Best Companies to Work for, NuStar Energy L.P. (NYSE: NS) today announced that it ranked No. 10 among large companies across the country on the National Top Workplaces list.

1/16/2013

For the Fifth Year in a Row, NuStar Makes the List of 100 Best Companies to Work For

NuStar Energy L.P. (NYSE: NS) announced today that for the fifth year in a row, it made FORTUNE’s list of the 100 Best Companies to Work For, coming in at #38.

1/15/2013

Harvard Business Review Ranks NuStar's Bill Greehey as One of the World's Greatest Business Leaders

The Harvard Business Review has published its listing of The 100 Best-Performing CEOs in the World, and NuStar Chairman Bill Greehey not only made the list, but ranked near the top based on the tremendous success he achieved during his tenure as CEO of Valero. Greehey earned a ranking of No. 12 among U.S. CEOs, and No. 31 among all CEOs in the world. In the energy industry, he ranked No. 2 among U.S. CEOs and No. 5 worldwide.

1/2/2013

NuStar Energy Closes on Sale of its San Antonio Refinery and Related Assets to Calumet Specialty Products Partners, L.P.

NuStar Energy L.P. (NYSE: NS) announced today that it has closed on the sale of its San Antonio refinery and related assets, including a terminal in Elmendorf, TX and a pipeline connecting the terminal and refinery, to Calumet Specialty Products Partners, L.P. (“Calumet”) for $100 million, plus closing date inventory of approximately $15 million.

12/17/2012

NuStar Energy Agrees to Sell its San Antonio Refinery and Related Assets to Calumet Specialty Products Partners, L.P.

NuStar Energy L.P. (NYSE: NS) announced today that it has entered into a purchase agreement to sell its San Antonio refinery and related assets, including a terminal in Elmendorf, TX and a pipeline connecting the terminal and refinery, to Calumet Specialty Products Partners, L.P. (“Calumet”) for $100 million, plus closing date inventory estimated to be $15 million.

12/14/2012

NuStar Closes on Accretive Acquisition That Further Expands its Presence in Eagle Ford Shale Play

NuStar Energy L.P. (NYSE: NS) today announced that it has closed on the purchase of crude oil pipeline, gathering and storage assets in the Eagle Ford Shale region from TexStar Midstream Services LP for approximately $325 million.

12/13/2012

NuStar to Further Expand its Eagle Ford Crude Oil Pipeline System and Corpus Christi Terminal

NuStar Energy L.P. (NYSE: NS) has announced that it has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips that will allow expansion of NuStar’s South Texas Crude Oil Pipeline System.

11/8/2012

NuStar to Significantly Expand its Presence in Eagle Ford Shale Play With Accretive Acquisition; Continues Phase-Out of Margin-Based Businesses With Refinery Sale Process

NuStar Energy L.P. (NYSE: NS) today announced that it has signed an agreement to purchase crude oil pipeline, gathering and storage assets and natural gas liquids (NGL) assets in the Eagle Ford Shale region from TexStar Midstream Services LP for $425 million.

10/31/2012

NuStar Energy and NuStar Asphalt JV Operational Status Update - 9 a.m. (ET)

An update on NuStar's operations in the aftermath of Hurricane Sandy.

9/28/2012

NuStar Energy L.P. Announces Closing of Sale of 50% of its Asphalt Operations to Lindsay Goldberg and Creation of Joint Venture

NuStar Energy L.P. (NYSE: NS) today announced that it has closed on the sale of a 50% voting interest in its asphalt operations to an affiliate of Lindsay Goldberg LLC, a private investment firm. In conjunction with the sale, a joint venture was created that owns and operates NuStar’s asphalt refining assets, including asphalt refineries located in Paulsboro, New Jersey and Savannah, Georgia, and related working capital. NuStar and Lindsay Goldberg each have a 50% voting interest.

7/27/2012

NuStar Energy Reports Earnings Results for Second Quarter of 2012

NuStar Energy L.P. (NYSE: NS) today announced second quarter distributable cash flow available to limited partners of $16.9 million, or $0.24 per unit, compared to 2011 second quarter distributable cash flow of $119.4 million, or $1.85 per unit. Second quarter earnings before interest, taxes, depreciation and amortization (EBITDA) was negative $161.2 million compared to second quarter 2011 EBITDA of $160.0 million.

7/6/2012

NuStar Energy Provides Interim Earnings Guidance for Second Quarter of 2012

NuStar Energy L.P. (NYSE: NS) today announced that second quarter earnings before interest, taxes, depreciation and amortization (EBITDA) results are expected to be significantly lower than the $160 million earned in the second quarter of 2011.

7/6/2012

NuStar Energy announces plans to sell 50% of its Asphalt Operations to Lindsay Goldberg and Create Joint Venture

NuStar Energy L.P. (NYSE: NS) today announced that it has entered into a Purchase and Sale Agreement with an affiliate of Lindsay Goldberg LLC, a private investment firm, to create a joint venture that will own and operate NuStar’s asphalt refining assets and related working capital. NuStar and Lindsay Goldberg will each have a 50% voting interest in the joint venture and Lindsay Goldberg is paying $175 million for its interest. Closing for the transaction is expected to be completed no later than September 30, 2012.

4/25/2012

NuStar Energy Reports Increased EBITDA in First Quarter of 2012

NuStar Energy L.P. (NYSE: NS) today announced first quarter earnings before interest, taxes, depreciation and amortization (EBITDA) of $96.8 million compared to first quarter 2011 EBITDA of $92.9 million. First quarter distributable cash flow available to limited partners was $42.7 million, or $ 0.60 per unit, compared to 2011 first quarter distributable cash flow of $45.1 million, or $0.70 per unit.

1/27/2012

NuStar Energy L.P. 2011 Full Year Distributable Cash Flow, EBITDA and Operating Income Higher than 2010

NuStar Energy L.P. (NYSE: NS) today announced its fourth quarter distributable cash flow available to limited partners was $63.1 million, or $0.95 per unit, compared to 2010 fourth quarter distributable cash flow of $66.7 million, or $ 1.03 per unit. For the year ended December 31, 2011, distributable cash flow available to limited partners was $307.9 million, or $4.74 per unit, up from the $280.7 million, or $4.43 per unit earned in 2010.

1/19/2012

NuStar Moves Up to No. 15 on the List of the 100 Best Companies to Work For

NuStar Energy L.P. (NYSE: NS) announced today that it ranked No. 15 on the 15th annual “100 Best Companies to Work For” list, which will appear in the February 6 issue of FORTUNE. NuStar, which has made the list for four years in a row, moved up 15 places from last year when the company was ranked No. 30.

10/28/2011

NuStar Energy L.P. Reports Higher than Anticipated Third Quarter 2011 Earnings

NuStar Energy L.P. (NYSE: NS) today announced its third quarter net income applicable to limited partners was $59.8 million, or $0.92 per unit, compared to $58.4 million, or $0.90 per unit, earned in the third quarter of 2010.

9/7/2011

NuStar, Valero Agree to South Texas Pipeline Projects Aimed at Increasing Transportation of Eagle Ford and Other Crude Sources

NuStar Energy L.P. (NYSE: NS) announced today that the company has entered into an agreement with Valero Energy Corporation (NYSE: VLO) in which NuStar will modify existing sections within its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils.

8/30/2011

Hurricane Irene Update 8/30/11

See updates on the status of NuStar's East Coast operations.

8/29/2011

Hurricane Irene Update 8/29/11

See updates on the status of NuStar's East Coast operations.

8/28/2011

Hurricane Irene Update -- 8/28/11

See updates on the status of NuStar's East Coast operations.

8/27/2011

Hurricane Irene Update 8/27/11

See updates on the status of NuStar's East Coast operations.

8/26/2011

Hurricane Irene Update 8/26/11 (4:20 p.m. CST)

NuStar’s facilities along the U.S. East Coast continue with their hurricane preparation plans.

8/26/2011

Hurricane Irene Update 8/26/11

NuStar’s facilities along the U.S. East Coast continue with their hurricane preparation plans.

8/24/2011

Hurricane Irene Update 8/24/11

The most recent weather updates show Hurricane Irene taking a more easterly path, which should reduce the potential impact at NuStar’s facilities.

8/5/2011

NuStar, EOG Resources Announce Agreement to Build Rail Offloading Facility in Louisiana to Allow Expanded Transportation and Storage of Shale Play Crudes

NuStar Logistics, EOG Resources Rail Yard (Louisiana) LLC and EOG Resources Marketing, Inc. (both subsidiaries of EOG Resources, Inc.) have entered into a definitive agreement to jointly develop, build and own a 70,000-barrel-per-day unit train offloading facility at NuStar’s crude oil terminal in St. James, La. The project will facilitate movement and storage of crude oil production from the Bakken, Eagle Ford and other developing shale plays in the United States.

7/29/2011

NuStar Energy L.P. Increases Second Quarter 2011 Distribution 3% over Second Quarter 2010

NuStar Energy L.P. (NYSE: NS) today announced that its board of directors has declared a second quarter 2011 distribution of $1.095 per unit to be paid on August 12, 2011, to holders of record as of August 9, 2011.

7/19/2011

NuStar Logistics and Koch Pipeline Company, L.P. Transporting Eagle Ford Crude to Corpus Christi

As part of an agreement with Koch Pipeline Company, L.P., NuStar Logistics has reactivated its Pettus South Pipeline to transport Eagle Ford Shale crude oil to Corpus Christi, Texas.

6/27/2011

NuStar and Velocity Sign Letter of Intent to Develop a Pipeline for Eagle Ford Shale Condensate

NuStar Logistics, L.P. and Velocity Midstream Partners announced today that they have signed a letter of intent to develop a joint pipeline solution to transport west Eagle Ford Shale condensate from Velocity’s Gardendale Hub to NuStar’s North Beach Corpus Christi, Texas terminal facility.

5/17/2011

St. James Terminal Update IV

Because the Mississippi River did not rise to projected levels, both the ship and barge docks at the NuStar St. James, LA Terminal remain open, and remained open through the weekend. And the terminal’s pipeline, rail and storage operations at the terminal also continue to operate as normal. Of course we are continually monitoring the situation with regard to the river level and will take action if needed.

5/13/2011

St. James Terminal Update III

As of this afternoon, the ship dock at our St. James Terminal is expected to be officially closed tomorrow (Saturday, May 14), and the barge dock is expected to close Sunday (May 15). With that said, the terminal’s pipeline, rail and storage operations at the terminal will continue to operate as normal unless an unexpected situation arises that would warrant a shutdown.

5/12/2011

St. James Terminal Update II

NuStar’s St. James Terminal is still fully operational at this point, but will suspend all deep draft vessel operations when the river stage reaches 32 feet at Donaldsonville, which is forecasted to reach this level on Friday (May 13).

5/11/2011

St. James Terminal Update

NuStar St James will suspend all deep draft vessel operations when the river stage reaches 32 feet at Donaldsonville, which is forecasted to reach this level on Friday (May 13).

4/27/2011

NuStar Energy L.P. First Quarter 2011 Distributable Cash Flows Increase 98%

NuStar Energy L.P. (NYSE: NS) today announced first quarter distributable cash flow available to limited partners of $45.1 million, or $0.70 per unit, compared to 2010 first quarter distributable cash flow of $22.8 million, or $0.38 per unit. First quarter earnings before interest, taxes, depreciation and amortization (EBITDA) were $92.8 million compared to first quarter 2010 EBITDA of $81.0 million.

4/19/2011

NuStar Energy Closes on Purchase of AGE Refining Assets

NuStar Energy L.P. (NYSE: NS) today closed on its $41 million acquisition of certain refining and terminal assets of AGE Refining. The company purchased these assets from the Chapter 11 Bankruptcy trustee after receiving clearance from the bankruptcy court on April 14.

4/15/2011

NuStar Energy Agrees to Purchase Assets of AGE Refining

NuStar Energy L.P. (NYSE: NS) announced today that it has agreed to purchase certain refining and terminal assets of AGE Refining from the Chapter 11 Bankruptcy trustee for $41 million excluding net working capital. NuStar received clearance from the bankruptcy court yesterday to proceed with the purchase, and the company expects to close on the acquisition on April 19.

4/11/2011

NuStar and TexStar Announce Plans to Expand Infrastructure to Move Eagle Ford Shale Crude and Condensate to South Texas

NuStar Logistics, L.P. and TexStar Midstream Services, LP today announced that they have signed a letter of intent to develop a new pipeline system to transport Eagle Ford Shale crude and condensate to Corpus Christi.

2/10/2011

NuStar Energy Closes on Terminal Joint Venture in Turkey

NuStar Energy L.P. (NYSE: NS) today announced that it has closed on a joint venture with Turkish companies S-Oil and Aves that gives NuStar majority ownership and operational control of two petroleum terminals in Turkey. NuStar will acquire a 75 percent ownership stake in the joint venture for a price of approximately $54 million. The transaction is expected to be immediately accretive to NuStar Energy’s distributable cash flow per unit.

1/31/2011

NuStar Energy L.P. Reports Record Fourth Quarter 2010 Distributable Cash Flow and EBITDA

2010 Full Year Results Top Consensus Estimates: NuStar Energy L.P. (NYSE: NS) today announced its highest ever fourth quarter distributable cash flow available to limited partners of $66.7 million, or $1.03 per unit...

1/20/2011

NuStar Again Named One of the Best Companies to Work For in America, Texas

NuStar Energy L.P. (NYSE: NS) announced today that it ranked No. 30 on the 14th annual “100 Best Companies to Work For” list, which will appear in the February 7 issue of FORTUNE, and it came in at No. 3 among large companies on the “Best Companies to Work for in Texas” list, which will be published in the February issue of Texas Monthly magazine.

10/25/2010

NuStar Energy L.P. Reports Higher than Anticipated Third Quarter 2010 Earnings and Increases Quarterly Distribution

NuStar Energy L.P. (NYSE: NS) today announced distributable cash flow available to limited partners for the third quarter of $84.0 million, or $1.30 per unit, compared to 2009 third quarter distributable cash flow of $61.5 million, or $1.13 per unit.

10/18/2010

Koch Pipeline Company and NuStar Logistics Finalize Agreement on South Texas Crude Oil Pipeline Capacity to Move Eagle Ford Crude to Corpus Christi

Koch Pipeline Company, L.P. and NuStar Logistics have agreed on a pipeline connection and capacity lease agreement that will give Koch Pipeline future additional capacity to transport Eagle Ford Shale crude oil to Corpus Christi, Texas.

8/2/2010

NuStar Energy L.P. Reports Record Second Quarter 2010 Earnings and Announces Quarterly Distribution

NuStar Energy L.P. (NYSE: NS) today announced record second quarter net income applicable to limited partners of $89.1 million, or $1.43 per unit, compared to $75.1 million, or $1.38 per unit, earned in the second quarter of 2009. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $157.1 million for the second quarter of 2010, also a record for the second quarter, compared to $141.9 million for the second quarter of 2009.

8/2/2010

NuStar Energy L.P. To Expand International Terminal Operations Into Turkey

NuStar Energy L.P. (NYSE: NS) today announced that it has entered into a joint venture with Turkish companies S-Oil and Aves Oil that will give NuStar majority ownership and operational control of two petroleum terminals and an offshore loading facility in Turkey.

7/28/2010

NuStar and Road Science to Work Together on Asphalt Development, Supply and Marketing Initiatives

NuStar Asphalt Refining, LLC and Road Science LLC today announced a joint effort in which the two companies will work together in the development, supply, and marketing of asphalt products.

6/24/2010

NuStar Energy L.P. and NuStar GP Holdings, LLC To Announce Second Quarter 2010 Earnings Results August 2, 2010

NuStar Energy L.P. (NYSE: NS) and NuStar GP Holdings, LLC (NYSE: NSH) today announced that they will host a joint conference call on Monday, August 2, 2010 at 2:00 p.m. CT to discuss the second quarter 2010 earnings results, which will be released earlier that day, and provide an update on the operations of the companies.

5/24/2010

NuStar Energy L.P. Acquires Asphalt Holdings, Inc. and its Subsidiaries from Private Equity Firm Denham Capital

NuStar Energy L.P. (NYSE: NS) today announced that it has reached an agreement with Denham Capital, an energy- and commodities-focused global private equity firm, to acquire Denham’s equity holdings in Asphalt Holdings, Inc. for $44.1 million. The acquisition is expected to be immediately accretive to NuStar Energy’s distributable cash flow per unit.