NuStar Energy L.P. Declares Fourth Quarter 2020 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions

Rhea-AI Summary

NuStar Energy L.P. (NYSE: NS) has declared a fourth quarter 2020 common unit distribution of $0.40 per unit, scheduled for payment on February 12, 2021. The preferred unit distributions include $0.53125 for Series A, $0.47657 for Series B, and $0.56250 for Series C, to be paid on March 15, 2021. A conference call to discuss financial results is set for February 4, 2021 at 9:00 a.m. CT, with access available via phone and online.

Positive

• Declared a common unit distribution of $0.40 per unit for Q4 2020, reflecting ongoing shareholder returns.
• Scheduled payments for preferred unit distributions, ensuring predictable income for preferred shareholders.

Negative

• None.

NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a fourth quarter 2020 common unit distribution of $0.40 per unit.  The fourth quarter common unit distribution will be paid on February 12, 2021 to holders of record as of February 8, 2021.

NuStar Energy L.P.’s Board of Directors also declared a fourth quarter 2020 Series A preferred unit distribution of $0.53125 per unit, a Series B preferred unit distribution of $0.47657 per unit and a Series C preferred unit distribution of $0.56250 per unit. The preferred unit distributions will be paid on March 15, 2021 to holders of record as of March 1, 2021.

A conference call with management is scheduled for 9:00 a.m. CT on Thursday, February 4, 2021, to discuss the financial and operational results for the fourth quarter of 2020. Investors interested in listening to the discussion may dial toll-free 844/889-7787, passcode 5472607. International callers may access the discussion by dialing 661/378-9931, passcode 5472607. The partnership intends to have a playback available following the discussion, which may be accessed by dialing toll-free 855/859-2056, passcode 5472607. International callers may access the playback by dialing 404/537-3406, passcode 5472607. The playback will be available until 12:00 p.m. CT on March 6, 2021.

Investors interested in listening to the live discussion or a replay via the internet may access the discussion directly at https://edge.media-server.com/mmc/p/ojo329tj or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation.  NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids.  The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico.  For more information, visit NuStar Energy L.P.'s website at www.nustarenergy.com.

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of NuStar Energy L.P.’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. 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. Nominees, and not NuStar Energy L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210129005050/en/

FAQ

What is the common unit distribution declared by NuStar Energy for Q4 2020?

NuStar Energy declared a common unit distribution of $0.40 per unit for the fourth quarter of 2020.

When will NuStar Energy pay its fourth quarter common unit distribution?

The common unit distribution will be paid on February 12, 2021, to holders of record as of February 8, 2021.

What are the preferred unit distributions announced by NuStar Energy?

The preferred unit distributions are $0.53125 for Series A, $0.47657 for Series B, and $0.56250 for Series C.

When is the conference call scheduled to discuss NuStar Energy's fourth quarter results?

The conference call is scheduled for February 4, 2021, at 9:00 a.m. CT.

How can investors access the conference call for NuStar Energy?

Investors can access the call by dialing toll-free 844/889-7787 or by visiting NuStar Energy's website.