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) will engage in virtual meetings at the Sixth Annual Mizuho Energy Summit on March 14-15, 2022, discussing key business insights. The materials for the meetings will be accessible on their website at 10:30 a.m. Eastern Time on March 14. Based in San Antonio, Texas, NuStar is a leading independent liquids terminal and pipeline operator, with approximately 10,000 miles of pipeline and 64 terminal facilities. The company manages around 57 million barrels of storage capacity across operations in the U.S., Canada, and Mexico.
NuStar Energy L.P. (NYSE: NS) announced that the 2021 tax packages, including Schedule K-1 forms for preferred and common units, are now available online. The mailing of these tax packages will begin on March 2, 2022. Investors can access the tax information through the company’s website. NuStar operates as one of the largest independent terminal and pipeline operators in the U.S., with approximately 10,000 miles of pipeline and 57 million barrels of storage capacity across the U.S., Canada, and Mexico.
NuStar Energy L.P. (NYSE: NS) will participate in virtual meetings at the Barclays Select Series on March 1-2, 2022, with investment community members. Materials will be available on their website at 10:30 a.m. Eastern Time on March 1. Based in San Antonio, Texas, NuStar is a leading independent liquids terminal and pipeline operator, managing around 10,000 miles of pipeline and 64 terminal and storage facilities. Their storage capacity reaches approximately 57 million barrels across the U.S., Canada, and Mexico.
NuStar Energy L.P. (NYSE: NS) announced the sale of its 7.8 million-barrel storage terminal in Nova Scotia to EverWind Fuels for $60 million. The transaction is aligned with NuStar's strategic plan to optimize operations and enhance financial flexibility. The sale is expected to close in the first half of 2022, pending customary conditions. NuStar forecasts 2022 capital spending of $130 million to $160 million, funded by internal cash flows, and maintains its full-year adjusted EBITDA guidance of $700 million to $750 million.
NuStar Energy L.P. (NYSE: NS) reported solid Q4 and full-year 2021 results, with net income rising to $58 million, up from $16 million in Q4 2020. Crude and product throughputs also increased, with record average volumes of 516,000 barrels per day in the Permian Crude System. The company extended its $1 billion unsecured revolving credit facility maturity to 2025, and expects to self-fund all spending from internal cash flows in 2022. Adjusted net income reached $212 million for 2021. NuStar anticipates 2022 net income between $242 million and $270 million.
NuStar Energy L.P. (NYSE: NS) has declared a fourth quarter 2021 common unit distribution of $0.40 per unit, payable on February 14, 2022, to holders of record as of February 8, 2022. Additionally, preferred unit distributions were announced as follows: $0.43606 for Series A, $0.47657 for Series B, and $0.56250 for Series C, to be paid on March 15, 2022. A conference call to discuss financial results is scheduled for February 3, 2022, at 9:00 a.m. CT.
NuStar Energy L.P. (NYSE: NS) will host a conference call on February 3, 2022, at 9:00 a.m. CT to discuss its fourth quarter 2021 earnings results. The earnings report will be released that same day. Interested parties can access the call via phone or listen to a live presentation on NuStar's website. NuStar operates approximately 10,000 miles of pipeline and 64 terminal facilities, serving the U.S., Canada, and Mexico. It boasts a storage capacity of 57 million barrels for various liquids.
NuStar Energy L.P. (NYSE: NS) announced participation in the virtual UBS Winter Infrastructure & Energy Conference on January 11-12, 2022. Management will engage with the investment community, providing insights into the company's operations, including its extensive network of 10,000 miles of pipeline and 64 storage facilities. The discussion materials will be available on the company's website at 10:00 a.m. ET on January 11. Based in San Antonio, Texas, NuStar is a leading independent operator of liquids terminals and pipelines, with operations across the US, Canada, and Mexico.
NuStar Energy L.P. (NYSE: NS) announced participation in the 2021 Wells Fargo Midstream, Utility & Renewables Symposium on December 8-9, 2021. Key executives, including President Brad Barron and CFO Tom Shoaf, will engage in virtual meetings with investors. Relevant materials will be available on the company’s website starting at 10:00 a.m. ET on December 8. Based in San Antonio, Texas, NuStar is a major independent liquids terminal and pipeline operator with a network of approximately 10,000 miles of pipeline and 57 million barrels of storage capacity.
NuStar Energy L.P. (NYSE: NS) announced its third-quarter 2021 results, highlighting the $250 million sale of Eastern U.S. terminal facilities to Sunoco LP. This sale enables NuStar to optimize its balance sheet, targeting a debt-to-EBITDA ratio below 4.0 times by year's end. The company's adjusted net income for Q3 was $55 million, up from $45 million in 2020, and its Permian Crude System averaged 502,000 barrels per day. Despite a net loss of $125 million due to non-cash charges, the full-year 2021 outlook is higher than previously anticipated, with adjusted EBITDA projected between $685 and $715 million.
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