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 hold a conference call on August 5, 2021, at 9:00 a.m. CT to discuss Q2 2021 earnings results, released the same day. The call can be accessed via toll-free numbers, with international options available. NuStar operates around 10,000 miles of pipeline and 73 terminal facilities, boasting a storage capacity of approximately 72 million barrels across the U.S., Canada, and Mexico. For more details, visit NuStar's official website.
NuStar Energy L.P. (NYSE: NS) announced its participation in the 2021 Energy Infrastructure Council Investor Conference, scheduled for May 19-20, 2021. Key executives, including President Brad Barron and CFO Tom Shoaf, will engage with the investment community during virtual meetings. Conference materials will be available on the partnership’s website starting at 10:00 a.m. Central Time on May 19, 2021. NuStar Energy operates one of the largest independent liquids terminal and pipeline systems in the U.S., with about 10,000 miles of pipeline and a storage capacity of 72 million barrels across North America.
NuStar Energy L.P. (NYSE: NS) reported a net income of $42 million for Q1 2021, up from a $148 million net loss in Q1 2020, which was impacted by a $225 million non-cash goodwill impairment due to the pandemic. The adjusted net income for Q1 2021 was $77 million or $0.39 per unit. The severe winter storm Uri reduced earnings by $11 million, yet EBITDA remained strong at $169 million. The company expects refined product demand to stabilize at pre-pandemic levels and aims to exit 2021 with crude transportation volumes of approximately 500,000 BPD.
NuStar Energy L.P. (NYSE: NS) has announced a common unit distribution of $0.40 per unit for the first quarter of 2021, payable on May 14, 2021. The Board also declared preferred unit distributions: Series A at $0.53125, Series B at $0.47657, and Series C at $0.56250, payable on June 15, 2021. A conference call is scheduled for May 4, 2021 to discuss Q1 results. NuStar operates approximately 10,000 miles of pipeline and has 73 terminal facilities with 72 million barrels of combined storage capacity.
NuStar Energy L.P. (NYSE: NS) will host a conference call on May 4, 2021, at 9:00 a.m. CT to discuss its Q1 2021 earnings results, set to be released on the same day. Interested parties can join by calling 844-889-7787 or 661-378-9931 for international access. A playback option will be available post-call. NuStar is a leading independent liquids terminal and pipeline operator in the U.S., boasting around 10,000 miles of pipeline and 73 terminals, with a total storage capacity of approximately 72 million barrels across North America.
NuStar Energy L.P. (NYSE: NS) announced participation in the 49th Annual Scotia Howard Weil Energy Conference on March 23, 2021. Key executives, including President and CEO Brad Barron and CFO Tom Shoaf, will engage with the investment community. The meeting materials will be available on their website at 9:00 a.m. Central Time on the same day. NuStar operates approximately 10,000 miles of pipeline and 73 terminal facilities across the U.S., Canada, and Mexico, boasting a total storage capacity of about 72 million barrels.
NuStar Energy L.P. (NYSE: NS) will participate in the Fifth Annual Mizuho Energy Summit on March 15, 2021, with key management members, including CEO Brad Barron and CFO Tom Shoaf. The event focuses on engaging the investment community, and relevant materials will be available on their website at 10:30 a.m. Eastern Time that day. Based in San Antonio, Texas, NuStar is a leading independent liquids terminal and pipeline operator, managing around 10,000 miles of pipeline and 73 storage facilities with a capacity of approximately 72 million barrels across the U.S., Canada, and Mexico.
NuStar Energy, L.P. (NYSE: NS) has announced plans to enhance its pipeline capacity by 6,000 barrels per day (BPD) for refined products, including gasoline and diesel, in Albuquerque, NM. The project involves upgrading pump stations on a jointly owned pipeline with Phillips 66 Partners, focusing on more efficient electric pumps and reducing emissions. This initiative comes in response to a refinery closure in the area, ensuring a stable supply of refined products. Completion of the project is anticipated by mid-2022, building on previous successful enhancements in neighboring regions.
NuStar Energy L.P. (NYSE: NS) announced the release of its 2020 tax packages, including Schedule K-1 forms for Series A, B, and C preferred units, as well as for common units. These packages are available online at www.nustarenergy.com and will begin mailing on March 2, 2021. Unitholders can reach K-1 Tax Package Support for assistance. NuStar is a leading independent liquids terminal and pipeline operator with approximately 10,000 miles of pipeline and 73 storage facilities across the U.S., Canada, and Mexico, boasting a total capacity of 72 million barrels.
NuStar Energy L.P. reported its fourth quarter and full-year 2020 earnings, revealing a net income of $16 million for Q4 and a net loss of $199 million for the year. The company incurred significant non-cash charges, including a $225 million goodwill impairment and a $138 million repayment-related charge. Despite challenges, adjusted EBITDA for 2020 was $723 million, up 8% from 2019. Pipeline demand is recovering, with January volumes at near pre-pandemic levels. For 2021, EBITDA is expected to remain stable, with strategic capital spending projected between $140 million and $170 million.
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