This redemption is another important step in our ongoing optimization and will meaningfully increase our cash flow over the next few years.. This is a carousel. To significantly improve efficiency, NuStar built and recently put into Terms of Service apply. For more information, 1 of 3. Read our editorial policy to learn more about our process. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions. Given how 2022s historic inflation and volatility made for a bumpy ride around the globe and across financial markets, I am particularly proud of our results last year, which once again demonstrate the stability and strength of NuStars business, said NuStar Chairman and CEO Brad Barron. NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution NuStar owns 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids.[2]. Unless otherwise noted, all information, data and metrics in this report reflect our worldwide operations as of December 31, 2021 and include any divested assets through the date of divestment. Highest Fourth Quarter Net Income and Adjusted EBITDA in Company History, Permian Crude System Volumes Hit Record-Breaking Average of 584,000 Barrels Per Day/13 Percent Above 4Q 2021, Operations Performing Well Across all Systems, Fuels Marketing Segment Up Almost $23 Million Year-Over-Year. NuStar currently has 8,573 miles of Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. 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. 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. We are proud to have generated higher adjusted EBITDA for 2022 through a combination of revenue improvement and expense optimization, which helped mitigate some of the impact of 2022s historic inflation.. NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 especially important since we completed a joint venture for our asphalt Calumet is committed to safety excellence, as well as continued NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. In 2020, we created our Sustainability Working Committee to enhance our sustainability disclosures. All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. As of December 31, 2021, NuStar had 1,267 employees and operated, primarily in the United States, approximately 9,935 miles of pipeline and 64 terminal and storage facilities with a combined system comprising roughly 57 million barrels of storage capacity. 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. Learn how it impacts everything we do, https://edge.media-server.com/mmc/p/fnk2v7x2, https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52, https://www.businesswire.com/news/home/20230427005881/en/. 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. The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. The company moved into its 319,000-square-foot headquarters off Interstate 10 north of The Rim shopping in 2012. 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. Barron also noted that operating income and EBITDA in NuStars Fuels Marketing Segment were $12 million in the fourth quarter of 2022, a $7 million increase compared to the fourth quarter of 2021, largely due to stronger margins. Income tax benefit related to impairment loss, Premium on repurchase of Series D Cumulative Convertible Preferred Units, Distributions applicable to common limited partners. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. a part of a refining company with multiple refineries that has the depth NuStar Energy L.P. Chairman Bill Greehey Steps Down SAN ANTONIO -- (BUSINESS WIRE)--Mar. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. million barrels of storage capacity, and NuStar has operations in the The Charlotte, N.C., bank acquired the 300,000-square-foot building from the San Antonio-based energy logistics company, which has agreed to lease it back. For full-year 2022, our Fuels Marketing Segment generated near-record operating income and EBITDA of $34 million, which was an increase of approximately $23 million compared to full-year 2021 operating income and EBITDA of $11 million. Updated August 2022. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. Continuing Sustainability Excellence in 2021. addition to safety and reliability improvements, NuStar also has Photos: King William Fair and Parade mark Fiestas final Seguin amusement park shown in HBO Max show about Texas Hill Country property near San Antonio to become state park. or NuStar Energy L.P. Corporate Headquarters 19003 IH-10 West San Antonio, TX 78257 Phone: (800) 866-9060 or (210) 918-2000 webmaster@nustarenergy.com Marketing Contacts (Pipeline & Terminal): Please select this link to access the marketing contacts page Sourcing/Procurement Department: gas (LPG), specialty solvents and other highly specialized fuels, to uncertainties and assumptions. 1 of 14. meaning of the Securities Litigation Reform Act of 1995 regarding future Mary Rose Brown, Senior Vice President,Administration: 210-918-2314maryrose.brown@nustarenergy.comWeb San Antonio's NuStar Energy posts best fourth quarter in its history 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. It will provide opportunities for future borrowing to repurchase its units or for other purposes. The Partnerships combined system has approximately 95 We are also proud of our contributions to Americas economic well-being and energy independence, and we plan to continue to provide our communities with the reliable liquid fuels they need for decades to come, safely and responsibly, so our communities can continue to be secure and thrive. View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/, Investors, Pam Schmidt, Vice President, Investor RelationsInvestor Relations: 210-918-INVR (4687)orMedia, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,Corporate Communications: 210-918-2314, https://edge.media-server.com/mmc/p/fnk2v7x2, https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52, https://www.businesswire.com/news/home/20230427005881/en/, Australian 7-Eleven franchise puts 700-store chain up for sale, UPDATE 1-Sudan conflict shows no sign of easing, Sudanese brace for more violence, Saudi's United Electronics Co shelves plans for Egypt expansion, Alibaba's Jack Ma turns up in Japan as college professor, Japan's Nikkei crosses 29,000 as yen weakens on BOJ's dovish stance. J&L Realty buys Hollywood performing arts academy for $23M, Harris Bay pitches hotel, office-to-resi for Tobin Hill. terminal and refinery, to Calumet Specialty Products Partners, 2021 Commercial Real Estate Direct All rights reserved. Engineer. There is for advancement and training is always available. Other notable companies have exercised land sale or leaseback maneuvers recently. Antonio refinery a stand-alone facility, which is a very difficult NuStar owns 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. pipeline operators in the nation. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). We are committed to maintaining our 20-plus-year record of sustainability excellence, and we are proud to publish this Sustainability Report, updating our inaugural report. It acquired about 37acres there in 2010. NuStar Energy Director of Operations Chris Vratil provides a tour during construction of NuStar's tank farm in Corpus Christi in 2019. It closed the year with debt of $3.3 billion. About NuStar - NuStar Energy Corporate Sustainability Report NuStar Energy sells its headquarters building to Truist Bank, leases it 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. Actual results may differ materially from those described in the forward-looking statements. benefits when they joined NuStar, and Calumet is also known for their In this climate of high interest rates and with some capital markets still not accessible to (master limited partnerships), this provides us with a less costly method of generating capital compared to other financing techniques and demonstrates our commitment to being good stewards of our resources, NuStar said. Corporate Communications: 210-918-2314 / 210-410-8926, NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 Earnings Results, Copyright NuStar Energy L.P. All Rights Reserved, https://edge.media-server.com/mmc/p/bgpdnpyj, https://register.vevent.com/register/BI757a142163514824bfe28118ca3c0731, https://www.businesswire.com/news/home/20230131006184/en/. more consistent quality. This article about a natural gas or petroleum-related company is a stub. NuStar Energy L.P.s Board of Directors also declared a first quarter 2023 Series A preferred unit distribution of $0.73169 per unit, a Series B preferred unit distribution of $0.66150 per unit and a Series C preferred unit distribution of $0.73881 per unit. assumptions are discussed in NuStar Energy L.P.'s 2010 annual report on NuStar Energy, L.P. NS along with Neste, a renewable fuels firm, recently announced that supply trucks will now load Neste MY Sustainable Aviation FuelTM at the NuStar . A conference call with management is scheduled for 10:00 a.m. CT on Wednesday, February 1, 2023, to discuss the financial and operational results for the fourth quarter of 2022. costs, it also is expected to reduce refinery unplanned outages and $17.99 per hour. NuStar will continue to operate within a 300,000-square-foot space at the site, paying roughly $8.2 million a year in rent for the initial 20-year term of the leaseback agreement.