Welcome to our dedicated page for NuStar Energy L.P. news (Ticker: NS), a resource for investors and traders seeking the latest updates and insights on NuStar Energy L.P. stock.
NuStar Energy L.P. (NYSE: NS) is a publicly traded master limited partnership headquartered in San Antonio, Texas. Known as one of the largest independent liquids terminal and pipeline operators in the United States, NuStar's extensive network includes approximately 9,500 miles of pipeline and 63 terminal and storage facilities. These facilities are crucial for the storage and distribution of crude oil, refined products, renewable fuels, ammonia, and specialty liquids.
NuStar's infrastructure boasts a combined system with approximately 49 million barrels of storage capacity, and the company operates not only in the United States but also in Mexico. Over the years, NuStar has established a significant footprint in the energy sector, ensuring the smooth transit and storage of essential energy commodities.
As of the latest developments, NuStar is in the process of merging with Sunoco LP (NYSE: SUN). The definitive agreement, valued at approximately $7.3 billion including assumed debt, outlines that each NuStar common unitholder will receive 0.400 Sunoco common units for every NuStar common unit. The merger has been unanimously approved by the boards of both companies and is anticipated to enhance their strategic position in the market. This transaction, which has already secured approval from NuStar unitholders as of May 1, 2024, is expected to close by early May 2024 pending customary regulatory approvals.
NuStar provides critical services to a wide array of customers, ensuring the efficient and reliable movement of energy products. Their operations support both domestic and international markets, underscoring the company's importance in the global energy supply chain. For more detailed and up-to-date information, you can visit their official website and sustainability page.
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.
NuStar Energy L.P. (NYSE: NS) announced a conference call scheduled for February 4, 2021, at 9:00 a.m. Central Time to discuss its fourth quarter 2020 earnings results. The call will be accessible via telephone or online, with details provided for both domestic and international callers. NuStar, based in San Antonio, operates approximately 10,000 miles of pipeline and 73 terminal facilities, accumulating a storage capacity of about 72 million barrels, serving markets across the U.S., Canada, and Mexico.
NuStar Energy L.P. (NYSE: NS) announced its participation in the UBS Winter Infrastructure & Energy Virtual Conference on January 12-13, 2021. Key executives, including CEO Brad Barron and CFO Tom Shoaf, will engage with the investment community. Conference materials will be available on the company's website at 10:00 a.m. ET on January 12. NuStar is a leading independent operator with approximately 10,000 miles of pipeline and 73 terminal facilities across the U.S., Canada, and Mexico, boasting a storage capacity of about 72 million barrels.
NuStar Energy L.P. (NYSE:NS) has finalized the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. Announced initially on November 2, 2020, this divestiture is aimed at enhancing NuStar's debt metrics and self-funding a larger portion of its capital program. CEO Brad Barron stated that while the Texas City terminals were significant assets, their configuration was no longer aligned with NuStar's strategy. The acquisition is expected to support growth and operational efficiency at BWC Terminals.
NuStar Energy L.P. (NYSE: NS) will participate in the Wells Fargo Securities 2020 Virtual Midstream and Utility Symposium on December 8-9, 2020. Key executives, including CEO Brad Barron and CFO Tom Shoaf, will engage with the investment community. Meeting materials will be available on the company’s website at 10:00 a.m. ET on December 8.
NuStar, based in San Antonio, operates about 10,000 miles of pipeline and 75 terminal facilities for crude oil and refined products, with a storage capacity of approximately 75 million barrels across the U.S., Canada, and Mexico.
NuStar Energy L.P. (NYSE: NS) will participate in the BofA Securities 2020 Virtual Global Energy Conference on November 11, 2020. Key executives, including President Brad Barron and CFO Tom Shoaf, will engage with the investment community. Meeting materials will be available on the company’s website at 10:00 a.m. Eastern Time on the same day. NuStar, based in San Antonio, operates approximately 10,000 miles of pipelines and 75 terminal facilities across the U.S., Canada, and Mexico, with a storage capacity of 75 million barrels.
NuStar Energy L.P. (NYSE: NS) reported a third-quarter operating income of $105 million, a 5% increase from the previous year, despite a net loss of $96.6 million due to a $138 million non-operational charge from loan repayment. Adjusted EBITDA rose by 7% to $180 million. The company issued $1.2 billion in new notes for debt repayment, enhancing liquidity and reducing interest expenses. NuStar anticipates raising its 2020 EBITDA outlook to $690–$730 million, reflecting recovery in demand, particularly for refined products.
NuStar Energy L.P. (NYSE: NS) announced the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The transaction is expected to close in Q4 2020, pending customary closing conditions. President and CEO Brad Barron emphasized that the sale aligns with NuStar's broader strategy, allowing for improved debt metrics and enhanced self-funding of their capital program. Barron expressed confidence that the acquisition will benefit Texas City employees and the operational capabilities of BWC Terminals.
NuStar Energy L.P. (NYSE: NS) has declared a third quarter 2020 common unit distribution of $0.40 per unit, scheduled for payment on November 13, 2020, to holders of record as of November 6, 2020. The Board also announced preferred unit distributions: Series A at $0.53125, Series B at $0.47657, and Series C at $0.56250, payable on December 15, 2020, to holders of record as of December 1, 2020. A conference call for discussing Q3 financial results will occur on November 5, 2020.
NuStar Energy L.P. (NYSE: NS) will host a conference call on November 5, 2020, at 9:00 a.m. Central Time to discuss its third quarter 2020 earnings results, which will be released earlier that day. Interested participants can join the call by dialing toll-free 844/889-7787 or by accessing it online. NuStar is one of the largest independent liquids terminal and pipeline operators in the U.S., with approximately 10,000 miles of pipeline and 75 million barrels of storage capacity across the U.S., Canada, and Mexico.
FAQ
What is the current stock price of NuStar Energy L.P. (NS)?
What is the market cap of NuStar Energy L.P. (NS)?
What does NuStar Energy L.P. do?
Where is NuStar Energy L.P. headquartered?
How extensive is NuStar's infrastructure?
In which regions does NuStar operate?
What recent merger has NuStar Energy L.P. announced?
When is the NuStar-Sunoco merger expected to close?
What will NuStar unitholders receive in the merger with Sunoco?
How can I get more information about the merger details?
What type of products does NuStar store and distribute?
How can investors stay informed about NuStar Energy L.P.?
