NuStar Energy L.P. Declares Second Quarter 2022 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions

Rhea-AI Summary

NuStar Energy L.P. (NYSE: NS) has announced a second quarter 2022 common unit distribution of $0.40 per unit, payable on August 12, 2022, to holders of record as of August 8, 2022. Additionally, the Board declared preferred unit distributions: Series A at $0.54808, Series B at $0.47789, and Series C at $0.56250, payable on September 15, 2022, to holders of record as of September 1, 2022. A conference call discussing Q2 2022 results is scheduled for 9:00 a.m. CT on August 4, 2022.

Positive

• Declared common unit distribution of $0.40 per unit.
• Preferred unit distributions announced for Series A, B, and C.

Negative

• None.

SAN ANTONIO--(BUSINESS WIRE)-- NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a second quarter 2022 common unit distribution of $0.40 per unit. The second quarter common unit distribution will be paid on August 12, 2022 to holders of record as of August 8, 2022.

NuStar Energy L.P.’s Board of Directors also declared a second quarter 2022 Series A preferred unit distribution of $0.54808 per unit, a Series B preferred unit distribution of $0.47789 per unit and a Series C preferred unit distribution of $0.56250 per unit. The preferred unit distributions will be paid on September 15, 2022 to holders of record as of September 1, 2022.

A conference call with management is scheduled for 9:00 a.m. CT on Thursday, August 4, 2022, to discuss the financial and operational results for the second quarter of 2022. Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BI551c68c87b4e4d8db8b4cef5569668c5. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/n66bhyhc. A recorded version will be available under the same link two hours after the conclusion of the conference call.

The conference call may also be accessed through the “Investors” section of NuStar Energy L.P.’s website at https://investor.nustarenergy.com.

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 currently has approximately 10,000 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.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/20220728006045/en/

Investors, Pam Schmidt, Vice President, Investor Relations

Investor Relations: 210-918-INVR (4687)

or

Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,

Corporate Communications: 210-918-2314 / 210-410-8926

Source: NuStar Energy L.P.

FAQ

What is the common unit distribution reported by NuStar Energy (NS) for Q2 2022?

NuStar Energy (NS) has declared a common unit distribution of $0.40 per unit for Q2 2022.

When will NuStar Energy (NS) pay its Q2 2022 common unit distribution?

The common unit distribution for Q2 2022 will be paid on August 12, 2022.

What are the preferred unit distributions announced by NuStar Energy (NS) for Q2 2022?

NuStar Energy (NS) declared preferred distributions: Series A at $0.54808, Series B at $0.47789, and Series C at $0.56250.

When will NuStar Energy (NS) pay its preferred unit distributions?

The preferred unit distributions will be paid on September 15, 2022.

When is the conference call for NuStar Energy (NS) Q2 2022 results?

The conference call to discuss Q2 2022 results is scheduled for 9:00 a.m. CT on August 4, 2022.