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News Releases
 
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.
4/29/2010
NuStar Energy L.P. Reports First Quarter 2010 Earnings and Announces Quarterly Distribution
NuStar Energy L.P. (NYSE: NS) today announced distributable cash flow available to limited partners of $22.8 million, or $0.38 per unit, for the first quarter of 2010 compared to $69.4 million, or $1.28 per unit, for the same period in 2009. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $81.0 million for the first quarter of 2010 compared to $102.3 million for the first quarter of 2009. Net income applicable to limited partners was $11.5 million, or $0.19 per unit, for the first quarter of 2010, compared to $31.6 million, or $0.58 per unit, earned in the first quarter of 2009.
4/16/2010
NuStar Energy Opens Up New Sources Of Crude Oil To Trading Hub
NuStar Energy L.P. (NYSE: NS) announced today that its St. James, Louisiana terminal has unloaded its first rail car shipments of Bakken crude oil from North Dakota. The company recently invested $2 million in its St. James facility so it can accept crude oil by rail in an effort to bring new sources of crude oil to an area that is quickly becoming the nation’s leading crude trading hub.
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.
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