The Elmendorf A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/bgpdnpyj. to be $15 million. Reach Madison at 210-250-3242, madison.iszler@express-news.net and @madisoniszler. This press release includes, and the related conference call will include, forward-looking statements regarding future events and expectations, such as NuStars future performance, plans and expenditures. NuStar will continue to operate within a 300,000-square-foot space at the site, paying roughly $8.2 million a year in rent for the initial 20-year term of the leaseback agreement. NuStar Energy L.P. San Antonio, TX: $63K-$92K: Systems Specialist- SQL Server: NuStar Energy L.P. San Antonio, TX: $73K-$108K: ERP Project Specialist (FICO) NuStar Energy L.P. San Antonio, TX: $54K-$80K: Updated April 26, 2023. The partnership's combined system has approximately 93 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including Sint Eustatius in the Caribbean, and the United Kingdom. NuStars years of dedication to community, sustainability and resilience is a result of our strong corporate culture, which reflects the vision and leadership of our Chairman, Bill Greehey, and NuStars nine Guiding Principles. The adjusted distribution coverage ratio was 2.02 times for full-year 2022. NuStar's lease is for 20 years, but it can be [] View source version on businesswire.com: https://www.businesswire.com/news/home/20230131006184/en/, Investors, Pam Schmidt, Vice President, Investor Relations The following is a reconciliation of net income to EBITDA, DCF and distribution coverage ratio. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. Gear advertisements and other marketing efforts towards your interests. barrels per day. In 2020, we created our Sustainability Working Committee to enhance our sustainability disclosures. position for a refinery because it limits resources and available ultra-low sulfur diesel (ULSD), naphtha, reformates, liquefied petroleum Consolidation and Intersegment Eliminations: Prior period throughputs for our Corpus Christi North Beach terminal in the storage segment were restated consistent with current period presentation. Certain awards include distribution equivalent rights (DERs). These adjustments represent the pro forma effects of the dispositions of the Point Tupper terminal, which was sold in April 2022, and the Eastern U.S. terminals, which were sold in October 2021. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). refining assets with Lindsay Goldberg that essentially makes the San December 31, 2023. 27, 2023-- Read our editorial policy to learn more about our process. the refinery that made it a safer and more environmentally sound In addition to storing and transporting the liquid fuels that power urban communities, we are proud to serve Americas farmers and rural areas where the reliability and convenience of these fuels can be even more important. When to get free admission into Texas gorgeous national Watch out for this invasive shrub, the Amur River privet, San Antonio eyes stickers in fight against domestic violence, Man accused of strangling neighbor to death in apartment, SA's last Tuskegee Airman buried at Fort Sam, Pedestrian killed in hit-and-run on Interstate 35 downtown. A conference call with management is scheduled for 9:00 a.m. CT on Thursday, May 4, 2023, to discuss the financial and operational results for the first quarter of 2023. A conference call with management is scheduled for 9:00 a.m. CT on Thursday, May 4, 2023, to discuss the financial and operational results for the first quarter of 2023. partnership. The agreement restricts future developments on a 6-acre portion on the southern edge of the lot as long as NuStar or any NuStar affiliate operates there. We are also proud of our contributions to Americas economic well-being and energy independence, and we plan to continue to provide our communities with the reliable liquid fuels they need for decades to come, safely and responsibly, so our communities can continue to be secure and thrive. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. with respect to future events and are subject to various risks, Please enter your username or email address to reset your password. Note 1: NuStar Energy L.P. utilizes financial measures, such as earnings before interest, taxes, depreciation and amortization (EBITDA), distributable cash flow (DCF) and distribution coverage ratio, which are not defined in U.S. generally accepted accounting principles (GAAP). increase refinery runs because the crude oil delivered by pipeline has a The conference call may also be accessed through the "Investors" section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. approximately $54 million since then on improvements to the refinery. It has been working to reduce debt and the lease-buyback enables it to make money from a non-earning asset, it said. Express-News file photo Show More Show Less 2 of 14. 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. 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. Given how 2022s historic inflation and volatility made for a bumpy ride around the globe and across financial markets, I am particularly proud of our results last year, which once again demonstrate the stability and strength of NuStars business, said NuStar Chairman and CEO Brad Barron. NuStar Energy is a leading pipeline and terminal operator based in San Antonio, TX. More >> As of December 31, 2021, we had operations in the United States, Canada and Mexico. NuStar Energy L.P. (NYSE: NS) today announced its highest fourth quarter net income and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the companys history, along with strong full-year 2022 results fueled by record-breaking volumes in its Permian Crude System and strong performance in its Fuels Marketing Segment. well as assumptions made by and information currently available to the var theDate=new Date() document.write(theDate.getFullYear()) Commercial Real Estate Direct All rights reserved. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The 32-acre property was recently valued at about $49 million, according to the Bexar County Appraisal District. wasnt part of our strategic plan, said NuStar President and CEO Curt a part of a refining company with multiple refineries that has the depth improvements at the refinery and in the surrounding community. Our Guiding Principles are the foundation of everything we do: how we treat each other, the environment, our communities, our customers and business partners. NuStar purchased the refinery and terminal out of pipeline; 87 terminal and storage facilities that store and distribute For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. It will provide opportunities for future borrowing to repurchase its units or for other purposes. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). 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. These risks, uncertainties and assumptions are discussed in NuStar Energy L.P.s 2021 annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission. NuStar currently has 8,643 miles of pipeline and 87 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. Privacy Policy and The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. Make sure people know what they need to know and when they need to know it. The Environmental Partnership is comprised of companies in the U.S. oil and natural gas industry committed to continuously improve the industrys environmental performance, Our Continuing Tradition of Sustainability, Safely Moving Liquid Fuels With Lower Greenhouse Gas (GHG) and Other Emissions. million barrels of storage capacity, and NuStar has operations in the Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. The atmosphere is nearly stress free and the people here make it fun to work here. NuStar Energy Agrees to Sell Its San Antonio Refinery and Related Assets to Calumet Specialty Products Partners, L.P. Unless otherwise noted, all information, data and metrics in this report reflect our worldwide operations as of December 31, 2021 and include any divested assets through the date of divestment. Copyright NuStar Energy L.P. All Rights Reserved. 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/BI3c790e56797c443d95909ed3a22b5f52. Operations are managed by NuStar GP, LLC. While the last few years have tested our industry more than any other time in recent history, our excellent sustainability performance demonstrates the strength of our assets and resiliency of our company to meet future energy challenges. Not only is this pipeline reducing traffic and cutting transportation Corporate Communications: 210-918-2314 / 210-410-8926, NuStar Energy L.P. Reports Strong Fourth Quarter and Full-Year 2022 Earnings Results, Copyright NuStar Energy L.P. All Rights Reserved, https://edge.media-server.com/mmc/p/bgpdnpyj, https://register.vevent.com/register/BI757a142163514824bfe28118ca3c0731, https://www.businesswire.com/news/home/20230131006184/en/. Adjusted distributable cash flow (DCF) was $89 million for the fourth quarter of 2022, compared to fourth quarter of 2021 DCF of $63 million. (Unaudited, Thousands of Dollars, Except Unit, Per Unit and Ratio Data), Total costs associated with service revenues, Other depreciation and amortization expense, Basic and diluted net income (loss) per common unit, Basic and diluted weighted-average common units outstanding, Consolidated Financial Information - Continued, (Unaudited, Thousands of Dollars, Except Barrel Data), Crude oil pipelines throughput (barrels/day). approximately 80 crude delivery trucks per day from San Antonio roads. 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. Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer, These statements reflect the partnership's current views Furthermore, our employees have made a positive difference in the communities where NuStar has operations by donating their time and resources to countless worthy causes. employees received significant increases in their compensation and Adjusted DCF was $357 million for full-year 2022, compared to adjusted DCF of $333 million in 2021. Corporate Communications: 210-918-2314, NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions, Copyright NuStar Energy L.P. All Rights Reserved, https://edge.media-server.com/mmc/p/fnk2v7x2, https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52, https://www.businesswire.com/news/home/20230427005881/en/. efforts that benefited the surrounding community. San Antonio Business Journal Truist Bank has paid $103 million, or about $343.33/sf, for the headquarters of NuStar Energy LP in San Antonio. At the time, the San Antonio company operated four docks along the Corpus Christi industrial canal. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/fnk2v7x2. I would absolutely recommend NuStar to friends and others looking for employment. Basis Industrial has paid $33 million, or about $14725/sf, for a portfolio of three properties with 224,108 square feet in Tampa, Fla Marcus & Millichap brokered the deal for the seller, which was not identified JLL arranged acquisition REBusinessOnline KeyBank Real Estate Capital has provided $33 million of Fannie Mae financing for the purchase of the 200-unit Meadow Creek Apartments in Bridgeport, W Va Sevenstone Capital arranged the fixed-rate loan on behalf of the buyer, which Minneapolis/St Paul Business Journal An affiliate of Black Swan Living has paid $269 million, or $208,527/unit, for Residence at Discovery Square, a 129-unit apartment property in Rochester, Minn The local company purchased the property from Vance Houston Business Journal Hines has plans to build a mixed-use project as part of The Domain development in Austin, Texas The Houston developer last June bought the La Quinta Inn and Suites that sits on 43 acres at 11901 North MoPac Expressway, with Dallas Business Journal Cold Summit Development has filed plans with the Texas Department of Licensing and Regulation to build a 356,222-square-foot refrigerated storage facility in Lancaster, Texas, about 16 miles south of Dallas The Ketchum, Dallas Morning News The Dallas City Council has approved the construction of a 615-unit affordable-housing property about 15 minutes from the citys downtown The four-story property, which is being called Park at Northpoint, will go up at 9999 Dallas Morning News Crow Holdings will start construction in June on a nearly 800,000-square-foot distribution building in the Dallas suburb of Lancaster, Texas The industrial property will be built on Wintergreen Road, south of Interstate 20 Dallas Morning News Work has started on Oxenfree, a rental community with 408 single-family homes and townhomes in Princeton, Texas, about 44 miles northeast of Dallas Core Spaces, a residential developer with offices in Chicago and Austin, Texas, Commercial Property Executive Virtus Real Estate Capital has paid $485 million, or $69286/sf, for Banner Health Center Plus at The Grove, a 70,000-square-foot medical-office building in Phoenix The Austin, Texas, investment manager purchased the Commercial Real Estate Direct Staff Report Boeing Employees Credit Union has provided $25 million of financing to facilitate the purchase of the 131-unit Caesars Luxury Apartments in Tacoma, Wash A local investor group purchased the property for Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. The Charlotte, N.C., bank acquired the 300,000-square-foot building from the San Antonio-based energy logistics company, which has agreed to lease it back. 1 of 14. The company is one of the largest independent liquids terminal and pipeline operators in the nation. The deal was made to monetize a real estate asset that hasnt been yielding lucrative returns, and NuStar will pay off some of its outstanding debt with the $103 million, a company spokesperson told the outlet. As we mentioned last quarter, we are now positioned to accelerate our timeframe for addressing the Series D preferred units by completing the redemption in 2024, which is several years ahead of our previously scheduled timeframe. Calumet is committed to safety excellence, as well as continued Investor Relations: 210-918-INVR (4687) There is for advancement and training is always available. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. NuStar currently has 8,573 miles of with the margin-based refining business in order to further grow its Nustar said it expects full-year profits of $202 million to $240 million, compared with $222 million for all of 2022. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brad Barron, president and CEO of NuStar Energy, speaks in 2019 during the company's annual meeting at its San Antonio headquarters. Nustar said it expects full-year profits of $202 million to $240 million, compared with $222 million for all of 2022. NuStar also retained 13 acres of the property. The full-year 2022 adjusted net . To further enhance the safety of refinery NuStar . The board of directors has elected Brad Barron, president and CEO, as the new chairman. NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and . more consistent quality. All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. NuStar Energy sells North Side HQ for $103 million but will stay there, SAPD calls: Body in flooded creek; man dead after hit by train. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/bgpdnpyj. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS. As a result of our strong culture and our Guiding Principles, NuStar has received numerous awards including being named to FORTUNE Magazines 100 Best Companies to Work For list 12 times, FORTUNE Magazines Best Workplaces for Millennials list five times and Latino Leader Magazines Best Companies for Latinos to Work list two times. , which are not included on the map below. capital. Automotive Designer, Manufacturer Leases 113,742 SF of Industrial Space in Pontiac, Mich. 3 Tampa, Fla., Industrial Properties Sold for $33Mln, Rochester, Minn., Apartment Property Sells for $26.9Mln, 356,222-SF Refrigerated Warehouse to Break Ground Soon in Lancaster, Texas, Dallas City Council Approves Development of 615-Unit Affordable-Housing Project, Crow Holdings to Construct 800,000-SF Industrial Building in Lancaster, Texas, Construction Underway on Rental Home Property in Princeton, Texas, Boeing Credit Union Lends $25Mln Against Tacoma, Wash., Apartments, Kairos Gets $175Mln Fannie Credit Facility from Berkadia, CRE Lending Volumes Increased by 14.5 Percent Last Year; Maturities Loom, Pyramids Crossgates Mall Faces May Mortgage Maturity, Macerich Seen Offering Niagara Falls Outlet Center for Sale, Veritas in Talks to Possibly Sell Apartments Backing Large CMBS Loan, CMBS Loan Against Phila.s Wanamaker Building Office Space Transfers to Special Servicer, Development Pros Form Imperium to Build Apartments in Southeast, Sunbelt, Partners Capital Adds Dallas-Area Acquisitions Pro, Paul Donahue Joins Greystone as Managing Director, Cushman & Wakefield Hires Michael Madden as Director of Occupier Services Group, Charlie Crowe Joins NewPoint Real Estate as Director of Originations. 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. 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. And one events and the future financial performance of NuStar Energy L.P. All The preferred unit distributions will be paid on June 15, 2023 to holders of record as of June 1, 2023. Mary Rose Brown, Senior Vice President,Administration: 210-918-2314maryrose.brown@nustarenergy.comWeb Adjusted distribution coverage ratio is calculated by dividing adjusted DCF by distributions applicable to common limited partners. NuStar owns 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The Charlotte, N.C., bank acquired the Truist Buys NuStar Energys San Antonio HQ for $103Mln, KeyBank Lends $33Mln for Purchase of Bridgeport, W.Va., Apartments, Hines to Bring Mixed-Use Project to The Domain in Austin, Texas. Payments made in connection with DERs are deducted from DCF.
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