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News Releases
 
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. . .
1/30/2006
Valero L.P. Reports Fourth Quarter and Full-Year 2005 Earnings; and Announces Quarterly Distribution
Valero L.P. (NYSE:VLI) today announced net income applicable to limited partners from continuing operations and before certain non-cash items of $29.6 million, or $0.63 per unit, for the fourth quarter of 2005 compared to $17.9 million, or $0.78 per unit, as reported for the fourth quarter of 2004. .
1/9/2006
Valero L.P. to Announce Fourth Quarter 2005 Earnings Results January 30
Valero L.P. (NYSE:VLI) today announced that it will host a conference call Monday, January 30, 2006 at 3:00 p.m. CT to discuss fourth quarter 2005 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 3988266. . .
11/28/2005
Valero L.P. To Webcast Analyst Presentation November 29
Valero L.P. (NYSE:VLI) today announced that Steve Blank, CFO of Valero L.P., will make a presentation at the Friedman Billings Ramsey 12th Annual Investor Conference in New York, New York on Tuesday, November 29 beginning at 10:55 a.m. The purpose of the presentation will be to provide an update on the partnership's operations. . .
11/1/2005
Valero L.P. Reports Record Third Quarter 2005 Earnings And Announces Quarterly Distribution
Valero L.P. (NYSE:VLI) today announced record net income applicable to limited partners of $41.3 million, or $0.88 per unit, which includes net income applicable to limited partners from discontinued operations of $4.4 million, or $0.09 per unit. For the comparable period in 2004, net income applicable to limited partners was $17.9 million, or $0.78 per unit. . .
10/12/2005
Valero L.P. to Announce Third Quarter 2005 Earnings Results November 1
Valero L.P. (NYSE:VLI) today announced that it will host a conference call Tuesday, November 1, 2005 at 3:00 p.m. CT to discuss third quarter 2005 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 1089876. . .
10/6/2005
Valero L.P. Elects New Director to Board
Valero L.P. (NYSE: VLI) announced today the election of former U.S. Ambassador Stan McLelland to its board of directors. “We’re very pleased that Stan McLelland is joining our board,” said Valero L.P. Chief Executive Officer Curt Anastasio. . .
9/22/2005
Valero L.P. Elects New Director to Board
Valero L.P. (NYSE: VLI) announced today the election of longtime energy industry executive Dan Montgomery to its board of directors. “Dan brings to our partnership a wealth of experience in the pipeline industry as well as the energy industry in general,” said Valero L.P. Chief Executive Officer Curt Anastasio. . .
7/25/2005
New Agreements Strengthen Relationship Between Valero Energy, Valero L.P. and Pemex
Valero L.P. (NYSE: VLI), a mid-stream logistics partnership partially owned by Valero Energy Corp. (NYSE: VLO), has signed agreements with Pemex-Gas y Petroquímica Básica and P.M.I.® Trading Limited (PMI). The project consists of constructing more than 110 miles of pipeline, and shipping oil products from Pemex’s assets in the Burgos Basin near Reynosa, Mexico, to Brownsville, Texas. . .
7/25/2005
Valero L.P. Reports Second Quarter 2005 Earnings and Announces Distribution Increase
Valero L.P. (NYSE: VLI) today announced net income applicable to limited partners of $17.0 million, or $0.74 per unit, for the second quarter of 2005, compared to $18.2 million, or $0.79 per unit, for the second quarter of 2004.
7/11/2005
Valero L.P. to Announce Second Quarter 2005 Earnings Results July 25
Valero L.P. (NYSE:VLI) today announced that it will host a conference call Monday, July 25, 2005 at 3:00 p.m. . .
7/5/2005
Valero L.P. Signs Agreement
(BUSINESS WIRE)--Pacific Energy Partners, L.P. (NYSE:PPX) ("Pacific") announced that one of its wholly-owned subsidiaries has signed a definitive agreement to acquire certain terminal and pipeline assets from subsidiaries of Valero L.P. . .
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