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News Releases
 
1/29/2010
NuStar Energy L.P. Reports Fourth Quarter and Full Year 2009 Earnings and Announces Quarterly Distribution
NuStar Energy L.P. (NYSE: NS) today announced distributable cash flow available to limited partners of $57.0 million, or $0.99 per unit, for the fourth quarter of 2009, nearly 87 percent higher than the $28.8 million, or $0.53 per unit, for the fourth quarter of 2008. For the year ended December 31, 2009, distributable cash flow available to limited partners was $311.4 million, or $5.66 per unit, compared to $288.7 million, or $5.44 per unit, for the same period in 2008.
1/21/2010
NuStar Again Named One of the Best Companies to Work For
NuStar Energy L.P. (NYSE: NS) announced today that it shot up to No. 21 on the 13th annual “100 Best Companies to Work For” list, which will appear in the February 8 issue of FORTUNE, and it once again grabbed the No. 1 spot 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.
10/27/2009
NuStar Energy L.P. Reports Third Quarter 2009 Earnings and Announces Quarterly Distribution Increase
NuStar Energy L.P. (NYSE: NS) today announced distributable cash flow available to limited partners of $61.5 million, or $1.13 per unit, for the third quarter of 2009 compared to $156.4 million, or $2.87 per unit, for the third quarter of 2008.
8/3/2009
NuStar Energy L.P. Reports Record Second Quarter 2009 Earnings and Announces Quarterly Distribution
Earnings Beat Analysts’ Expectations and are the Second Highest of Any Quarter in the Partnership’s History
4/30/2009
NuStar Energy L.P. Beats Analysts’ Expectations for First Quarter 2009 Earnings and Announces Quarterly Distribution
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $31.6 million, or $0.58 per unit, for the first quarter of 2009, which is better than the $0.25 to $0.50 per unit guidance previously communicated and higher than analysts’ estimates. These results compare to $49.6 million, or $1.01 per unit, earned in the first quarter of 2008.
1/26/2009
NuStar Energy L.P. Reports Fourth Quarter 2008 and Record Full Year 2008 Earnings and Announces Quarterly Distribution
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $25.3 million, or $0.47 per unit, for the fourth quarter of 2008, compared to $22.6 million, or $0.47 per unit, for the fourth quarter of 2007. For the year ended December 31, 2008, net income applicable to limited partners was a record $224.7 million, or $4.22 per unit, over 1.5 times higher than the $129.2 million, or $2.74 per unit, earned in 2007.
1/22/2009
NuStar Named One of the Best Companies to Work For
NuStar Energy L.P. (NYSE: NS) announced today that it has been ranked No. 44 on the 12th annual “100 Best Companies to Work For” list, which will appear in the February 2 issue of FORTUNE, and No. 1 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.
10/23/2008
NuStar Energy L.P. Reports Highest Quarterly Earnings in Partnership's History; Previously Announced Increase in Quarterly Distribution to $1.0575 Per Unit
NuStar Energy L.P. (NYSE:NS) today announced record net income applicable to limited partners of $141.5 million, or $2.60 per unit, for the third quarter of 2008, almost three times higher than the $45.4 million, or $0.97 per unit, earned in the third quarter of 2007. The third quarter 2008 results represent the highest quarterly earnings in the partnership's history - up $1.59 per unit over the previous quarterly record of $1.01 per unit earned in the first quarter of 2008.
8/29/2008
NuStar Energy L.P. and NuStar GP Holdings, LLC Expect Highest Quarterly Earnings in the History of Both Companies
NuStar Energy L.P. (NYSE:NS) today announced that the partnership expects to report record earnings applicable to limited partners for the third quarter of 2008 of at least $2.25 per unit, primarily as a result of exceptionally strong asphalt margins. NuStar GP Holdings, LLC (NYSE:NSH) also announced today that the company expects to report record earnings of at least $0.65 per unit for the third quarter of 2008.
8/11/2008
Asphalt: NuStar's Road to Success
Although there are doubters in the investment world, NuStar Energy LP's managers are certain they've augmented their core business — pipelines, terminals and storage for petroleum — with the right business at the right time.
7/25/2008
NuStar Energy L.P. Reports Better-Than-Expected Second Quarter 2008 Earnings and Announces Quarterly Distribution
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $8.2 million, or $0.15 per unit, for the second quarter of 2008, which is better than the break-even earnings estimate that was communicated in the interim second quarter guidance update.
4/22/2008
NuStar Energy L.P. Reports Record First Quarter 2008 Earnings and Announces Quarterly Distribution
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $51.8 million, or $1.05 per unit, for the first quarter of 2008, nearly double the $26.7 million, or $0.57 per unit, earned in the first quarter of 2007. The partnership's first quarter 2008 results represent the highest quarterly earnings in the partnership's history.
3/31/2008
NuStar Logistics, L.P. Announces Public Offering of Senior Notes
NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS), today announced that it plans to issue senior notes due 2018 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
3/27/2008
NuStar Energy L.P. Announces Pricing of Common Units in Equity Offering
NuStar Energy L.P. (NYSE:NS) announced today the pricing of an offering of 4,450,000 common units at a public offering price of $48.75 per unit. The underwriters have been granted a 30-day option to purchase up to 667,500 additional common units. All units are being sold by NuStar Energy L.P. The offering is scheduled to close Wednesday, April 2, 2008.
3/20/2008
NuStar Energy L.P. Completes Acquisition of CITGO Asphalt Refining Company’s Asphalt Operations and Assets
NuStar Energy L.P. (NYSE: NS) today announced that it has successfully completed its acquisition of CITGO Asphalt Refining Company’s asphalt operations and assets for $450 million, plus inventory of approximately $360 million subject to post-closing adjustment.
1/25/2008
NuStar Energy L.P. Reports Fourth Quarter and Full Year 2007 Earnings
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $22.6 million, or $0.47 per unit, for the fourth quarter of 2007, compared to $33.0 million, or $0.70 per unit, earned in the fourth quarter of 2006.
11/13/2007
NuStar Energy L.P. Announces Pricing of Common Units in Equity Offering
NuStar Energy L.P. (NYSE:NS) announced today the pricing of an offering of 2,600,000 common units at a public offering price of $57.20 per unit.
11/12/2007
NuStar Energy L.P. Announces Public Offering of Common Units
NuStar Energy L.P. (NYSE:NS) today announced that it plans to sell 2,600,000 common units pursuant to an effective shelf registration statement on Form S-3ASR previously filed with the Securities and Exchange Commission.
11/7/2007
NuStar Energy L.P. Reports Higher Third Quarter 2007 Earnings
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $45.4 million, or $0.97 per unit, for the third quarter of 2007 compared to $36.9 million, or $0.79 per unit, earned in the third quarter of 2006.
11/7/2007
NuStar Energy L.P. to Acquire CITGO Asphalt Refining Company’s Asphalt Operations and Assets for $450 Million Plus Working Capital
NuStar Energy L.P. (NYSE: NS) today announced that it has executed a definitive agreement to acquire CITGO Asphalt Refining Company’s asphalt operations and assets for $450 million plus working capital estimated to be $100 million at closing.
11/5/2007
NuStar Energy L.P. Announces Increase in Quarterly Distribution
NuStar Energy L.P. (NYSE:NS) today announced that its board of directors has declared an increase in the quarterly distribution rate to $0.985 per unit, or $3.94 per unit on an annual basis, which will be paid on November 14, 2007, to holders of record as of November 8, 2007.
7/30/2007
NuStar Energy L.P. Reports Second Quarter 2007 Earnings and Announces Quarterly Distribution Increase
NuStar Energy L.P. (NYSE:NS) today announced net income applicable to limited partners of $34.6 million, or $0.74 per unit, for the second quarter of 2007 compared to $27.5 million, or $0.59 per unit, earned in the second quarter of 2006. For the six months ended June 30, 2007, net income applicable to limited partners was $61.2 million, or $1.31 per unit. . .
6/12/2007
NUSTAR EARNS PRESTIGIOUS NATIONAL RECOGNITION FOR SAFETY EXCELLENCE
NuStar Energy L.P. (NYSE: NS) received national recognition for its outstanding safety performance and strong safety programs at the industry’s premier safety awards event yesterday. Officials from the Independent Liquid Terminals Association (ILTA) presented NuStar representatives with the Safety Excellence Award during the ILTA International Operating Conference & Trade Show in Houston.
5/18/2007
NuStar Energy L.P. Files $3 Billion Shelf Registration Statement
NuStar Energy L.P. (NYSE:NS) (formerly Valero L.P.) today announced that it has filed a shelf registration statement with the Securities and Exchange Commission ("SEC"), which will permit the partnership, from time to time, to offer and sell various types of securities, including common units representing limited partner interests in NuStar Energy L.P. . .
5/11/2007
NuStar Energy L.P. Reports First Quarter 2007 Earnings and Announces Quarterly Distribution
News release . .
5/1/2007
NuStar Announces New Officers and Promotions
NuStar Energy L.P. (NYSE: NS), formerly Valero L.P., announced today that the company’s Board of Directors approved the election of two new corporate officers and the promotion of two key executives. . .
2/16/2007
Valero L.P. & Valero GP Holdings, LLC Set to Change Name to NuStar and Forge New Path After Separation from Valero Energy
In the keynote address at the Greater San Antonio Chamber of Commerce Economic Outlook Conference today, Valero founder Bill Greehey will announce that Valero L.P. (NYSE: VLI) and Valero GP Holdings, LLC (NYSE: VEH) will change their names to NuStar Energy, L.P. . .
1/29/2007
Valero L.P. Reports Higher Fourth Quarter and Full Year 2006 Earnings and Announces Quarterly Distribution
Valero L.P. (NYSE:VLI) today announced income applicable to limited partners from continuing operations of $33.0 million, or $0.70 per unit, for the fourth quarter of 2006 compared to $25.1 million, or $0.54 per unit, for the fourth quarter of 2005. . .
1/10/2007
Valero L.P. and Valero GP Holdings, LLC to Announce Fourth Quarter 2006 Earnings Results January 29
Valero L.P. (NYSE:VLI) and Valero GP Holdings, LLC (NYSE:VEH) today announced that they will host a joint conference call Monday, January 29, 2007 at 1:30 p.m. CT to discuss fourth quarter earnings results, which will be released earlier that day, and provide an update on the operations of the companies. The conference call may be accessed by dialing 800-622-7620, reservation passcode 5994994. . .
12/22/2006
Valero Logistics Operations, L.P. Offers to Purchase Senior Notes
Valero Logistics Operations, L.P. (the "Partnership"), a 100 percent-owned operating subsidiary of Valero L.P. (NYSE:VLI), announced today that it is offering to purchase for cash (i) all of its $100 million aggregate principal amount outstanding 6 7/8% Senior Notes due 2012 and (ii) all of its $250 million aggregate principal amount outstanding 6.05% Senior Notes due 2013 at a price in cash equal to 100%
12/22/2006
Valero GP Holdings, LLC Closes Secondary Public Offering
Valero GP Holdings, LLC (NYSE:VEH), the owner of the general partner of Valero L.P. (NYSE:VLI), announced today that it has closed its secondary public offering of 20,550,000 units representing limited liability company interests at a price of $21.62 per unit. . .
12/22/2006
Valero Logistics Operations, L.P. Offers to Purchase Senior Notes
Valero Logistics Operations, L.P. (the "Partnership"), a 100 percent-owned operating subsidiary of Valero L.P. (NYSE:VLI), announced today that it is offering to purchase for cash (i) all of its $100 million aggregate principal amount outstanding 6 7/8% Senior Notes due 2012 and (ii) all of its $250 million aggregate principal amount outstanding 6.05% Senior Notes due 2013 at a price in cash equal to 100%
12/22/2006
Valero GP Holdings, LLC Closes Secondary Public Offering
Valero GP Holdings, LLC (NYSE:VEH), the owner of the general partner of Valero L.P. (NYSE:VLI), announced today that it has closed its secondary public offering of 20,550,000 units representing limited liability company interests at a price of $21.62 per unit. . .
12/18/2006
Valero GP Holdings, LLC Announces Pricing of Secondary Public Offering
Valero GP Holdings, LLC (NYSE:VEH), the owner of the general partner of Valero L.P. (NYSE: VLI), announced today the pricing of its secondary public offering of 17,869,565 of its units representing limited liability company interests at $21.62 per unit. The underwriters have been granted a 30-day option to purchase up to 2,680,435 additional units. . .
12/12/2006
Valero GP Holdings, LLC Commences Secondary Public Offering
Valero GP Holdings, LLC (NYSE: VEH), the owner of the general partner of Valero L.P. (NYSE: VLI), announced today that it will commence a secondary public offering of 17,869,565 of its units representing limited liability company interests pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission. .
12/1/2006
Valero L.P. Completes Purchase of Koch Supply & Trading, L.P.'s St. James Crude Oil Facility
Valero L.P. (NYSE:VLI) today announced that it has successfully completed the purchase of the St. James Crude Oil facility located in Louisiana from Koch Supply and Trading, L.P. for $140 million. The acquisition will be financed with a borrowing under the partnership's revolving credit facility. . .
11/17/2006
Valero GP Holdings, LLC Files Registration Statement for Secondary Public Offering of its Units
Valero GP Holdings, LLC (NYSE:VEH) announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a secondary public offering of approximately 51.7 percent, or 21,956,522, of its units representing limited liability company interests. . .
10/30/2006
Valero L.P. Reports Third Quarter 2006 Earnings and Announces Distribution Increase
Valero L.P. Reports Third Quarter 2006 Earnings and Announces Distribution Increase Valero L.P. . .
10/18/2006
Valero GP Holdings, LLC Announces Pricing of Secondary Public Offering
Valero GP Holdings, LLC (NYSE:VEH), the owner of the general partner of Valero L.P. (NYSE: VLI), announced today the pricing of its secondary public offering of 17,869,565 of its units representing limited liability company interests at $21.62 per unit. The underwriters have been granted a 30-day option to purchase up to 2,680,435 additional units. . .
10/11/2006
Valero L.P. and Valero GP Holdings, LLC To Announce Third Quarter 2006 Earnings Results October 30
Valero L.P. (NYSE:VLI) and Valero GP Holdings, LLC (NYSE:VEH) today announced that they will host a joint conference call Monday, October 30, 2006 at 1:30 p.m. CT to discuss third quarter 2006 earnings results, which will be released earlier that day, and provide an update on the operations of the companies. . .
9/19/2006
Valero L.P. To Purchase Koch Supply & Trading, L.P.'s St. James Crude Oil Facility
Valero L.P. (NYSE:VLI) today announced that it has signed a definitive purchase and sale agreement to acquire the St. James crude oil facility located in Louisiana owned by Koch Supply and Trading, L.P. for $140 million. Valero L.P. expects the acquisition to close during the next 90 days, pending regulatory approvals. . .
9/5/2006
Bill Klesse and Greg King Step Down from Valero L.P. Board of Directors
Valero L.P. (NYSE:VLI) today announced that Bill Klesse, Chief Executive Officer of Valero Energy Corporation (NYSE:VLO), and Greg King, President of Valero Energy Corporation, have resigned from the Board of Directors of Valero L.P. as part of a plan to further separate the two organizations. . .
7/31/2006
Valero L.P. Reports Second Quarter 2006 Earnings and Announces Quarterly Distribution
Valero L.P. (NYSE:VLI) today announced income applicable to limited partners from continuing operations of $27.8 million, or $0.60 per unit, for the second quarter of 2006, compared to $17.0 million, or $0.74 per unit, for the second quarter of 2005. . .
7/17/2006
Valero L.P. to Announce Second Quarter 2006 Earnings Results July 31
Valero L.P. (NYSE:VLI) today announced that it will host a conference call Monday, July 31, 2006 at 1:30 p.m. CT to discuss second quarter 2006 earnings results, which will be released earlier that day, and provide an update on partnership operations. The conference call may be accessed by dialing 800-622-7620, reservation passcode 2888567. . .
5/10/2006
Valero Logisitics Operations, L.P. Extends Solicitation of Consents from Holders of its Senior Notes
Valero Logistics Operations, L.P., a 100 percent-owned operating subsidiary of Valero L.P. (NYSE:VLI), announced today that it has further extended until 5:00 p.m. . .
4/24/2006
Valero L.P. Reports First Quarter 2006 Earnings and Announces Distribution Increase
Valero L.P. (NYSE:VLI) today announced net income applicable to limited partners of $35.3 million, or $0.75 per unit, for the first quarter of 2006, compared to $17.8 million, or $0.77 per unit, for the first quarter of 2005. . .
4/20/2006
Valero Elects New Director to Board
Valero L.P. (NYSE: VLI) announced today the election of J. Dan Bates to its board of directors. . .
4/19/2006
Valero Logisitics Operations, L.P. Solicits Consents from Holders of its Senior Notes
Valero Logistics Operations, L.P., a 100 percent-owned operating subsidiary of Valero L.P. . .
4/11/2006
Valero L.P. to Announce First Quarter 2006 Earnings Results April 24
Valero L.P. (NYSE:VLI) today announced that it will host a conference call Monday, April 24, 2006 at 1:30 p.m. CT to discuss first quarter 2006 earnings results, which will be released earlier that day, and provide an update on partnership operations. The conference call may be accessed by dialing 800-622-7620, reservation passcode 7582154. . .
3/30/2006
Valero L.P. Completes Sale of Australia and New Zealand Subsidiaries
Valero L.P. (NYSE:VLI) today announced it has completed its previously announced sale of Australia and New Zealand subsidiaries to ANZ Terminals Pty. Ltd. for total proceeds of approximately $65 million, plus net working capital. . .
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