NuStar Energy Management

Management criteria checks 4/4

NuStar Energy's CEO is Brad Barron, appointed in Jan 2014, has a tenure of 10.33 years. total yearly compensation is $7.53M, comprised of 11.6% salary and 88.4% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth $22.68M. The average tenure of the management team and the board of directors is 7.8 years and 7.1 years respectively.

Key information

Brad Barron

Chief executive officer

US$7.5m

Total compensation

CEO salary percentage	11.6%
CEO tenure	10.3yrs
CEO ownership	0.8%
Management average tenure	7.8yrs
Board average tenure	7.1yrs

Recent management updates

Recent updates

NuStar Energy Series A Preferred Shares - Safe Short Duration Play For An 8.4% Yield

Aug 04

NuStar Q1 2021 Earnings Preview

May 03

CEO Compensation Analysis

How has Brad Barron's remuneration changed compared to NuStar Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$35m
Dec 31 2023	US$8m	US$877k	US$85m
Sep 30 2023	n/a	n/a	US$58m
Jun 30 2023	n/a	n/a	US$88m
Mar 31 2023	n/a	n/a	US$132m
Dec 31 2022	US$7m	US$840k	US$40m
Sep 30 2022	n/a	n/a	US$41m
Jun 30 2022	n/a	n/a	-US$143m
Mar 31 2022	n/a	n/a	-US$138m
Dec 31 2021	US$6m	US$813k	-US$108m
Sep 30 2021	n/a	n/a	-US$150m
Jun 30 2021	n/a	n/a	-US$121m
Mar 31 2021	n/a	n/a	-US$154m
Dec 31 2020	US$4m	US$738k	-US$344m
Sep 30 2020	n/a	n/a	-US$280m
Jun 30 2020	n/a	n/a	-US$131m
Mar 31 2020	n/a	n/a	-US$113m
Dec 31 2019	US$4m	US$663k	US$64m
Sep 30 2019	n/a	n/a	US$29m
Jun 30 2019	n/a	n/a	-US$356m
Mar 31 2019	n/a	n/a	-US$355m
Dec 31 2018	US$4m	US$608k	-US$335m
Sep 30 2018	n/a	n/a	-US$377m
Jun 30 2018	n/a	n/a	US$17m
Mar 31 2018	n/a	n/a	US$34m
Dec 31 2017	US$2m	US$584k	US$67m

Compensation vs Market: Brad's total compensation ($USD7.53M) is about average for companies of similar size in the US market ($USD6.66M).

Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.

CEO

Brad Barron (58 yo)

10.3yrs

Tenure

US$7,532,821

Compensation

Mr. Bradley C. Barron, also known as Brad, serves as Chairman of Nustar GP LLC, General partner of NuStar Energy L.P. since October 27, 2022. He serves as the Chief Executive Officer and President of Nusta...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bradley Barron	President	10.3yrs	US$7.53m	0.80% $ 22.7m
Thomas Shoaf	Executive VP & CFO of NuStar GP LLC	10.4yrs	US$2.39m	0.19% $ 5.4m
Mary Brown	Executive VP & Chief Administrative Officer of NuStar GP LLC	11.1yrs	US$2.28m	0.29% $ 8.1m
Amy Perry	Executive VP of Strategic Development & General Counsel - Nustar GP LLC	5.3yrs	US$2.16m	0.16% $ 4.5m
Daniel Oliver	Executive Vice President of Business Development & Engineering at NuStar GP Holdings	4.3yrs	US$2.17m	0.19% $ 5.4m
Mark Trexler	Senior Vice President of Operations & HSE - NuStar GP LLC	4.3yrs	no data	no data
Jorge del Alamo	Senior VP	10.3yrs	no data	0.092% $ 2.6m
Pam Schmidt	Vice President of Investor Relations	no data	no data	no data
Robert Grimes	Vice President of Human Resources - NuStar GP LLC	15.3yrs	no data	no data
Joanna Weidman	Senior Vice President of Administration - NuStar GP LLC	4.8yrs	no data	no data
Chris Russell	Treasurer & VP of Investor Relations	no data	no data	no data
Steve Gilbert	VP, Assistant General Counsel & Corporate Secretary	1.8yrs	no data	no data

7.8yrs

Average Tenure

57yo

Average Age

Experienced Management: NS's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bradley Barron	President	10.3yrs	US$7.53m	0.80% $ 22.7m
William Burnett	Independent Director of NuStar GP LLC	5.8yrs	US$239.16k	0.047% $ 1.3m
Jesse Bates	Independent Director of NuStar GP LLC	18.1yrs	US$289.16k	0.067% $ 1.9m
Eddie Grier	Independent Director of NuStar GP LLC	2.8yrs	US$220.00k	0.0091% $ 257.3k
Dan Hill	Independent Presiding Director of NuStar GP LLC	19.8yrs	US$329.16k	0.071% $ 2.0m
W. Rosier	Independent Director of NuStar GP LLC	11.2yrs	US$269.16k	0.10% $ 2.9m
Martin Salinas	Independent Director of NuStar GP LLC	2.8yrs	US$220.00k	0.043% $ 1.2m
Jelynne LeBlanc-Burley	Independent Director of NuStar GP LLC	5.8yrs	US$239.16k	0.034% $ 974.9k
Suzanne Wade	Independent Director of NuStar GP LLC	1.3yrs	US$346.65k	0.012% $ 333.4k
Robert Munch	Independent Director of NuStar GP LLC	8.3yrs	US$239.16k	0.043% $ 1.2m

7.1yrs

Average Tenure

69.5yo

Average Age

Experienced Board: NS's board of directors are considered experienced (7.1 years average tenure).

NuStar Energy Management

Management criteria checks 4/4

Key information

Recent management updates

NuStar Energy L.P., Annual General Meeting, Apr 23, 2024

NuStar Energy L.P. Appoints Suzanne Wade to the Board

Chairman of the Board of NuStar GP LLC recently bought US$1.7m worth of stock

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

NuStar Energy Files Form 15

Sunoco LP (NYSE:SUN) completed the acquisition of NuStar Energy L.P. (NYSE:NS).

First quarter 2024 earnings: EPS and revenues miss analyst expectations

NuStar Energy L.P. Declares Conditional Special Distribution, Payable on May 2, 2024

Now 21% undervalued

Now 21% undervalued

NuStar Energy L.P., Annual General Meeting, Apr 23, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

NuStar Energy L.P. Provides Earnings Guidance for the Year 2024

Consensus EPS estimates fall by 12%

Upcoming dividend of US$0.40 per share at 7.3% yield

Third quarter dividend of US$0.40 announced

Price target increased by 8.2% to US$20.29

NuStar Energy L.P. Declares Fourth Quarter 2023 Common Unit Distribution, Payable on February 13, 2024

Investor sentiment improves as stock rises 17%

Sunoco LP (NYSE:SUN) entered into a definitive agreement to acquire NuStar Energy L.P. (NYSE:NS) in a transaction valued at approximately $7.3 billion.

Sunoco LP (NYSE:SUN) entered into a definitive agreement to acquire NuStar Energy L.P. (NYSE:NS) in an all-equity transaction valued at approximately $7.3 billion.

NuStar: Upside Remains After Sunoco Acquisition

Consensus EPS estimates increase by 26%

NuStar Energy L.P. to Report Q4, 2023 Results on Feb 15, 2024

Consensus EPS estimates fall by 14%

NuStar Energy Starts Building A New Financial Structure

NuStar Energy L.P. Provides Earnings Guidance for the Full-Year 2023 and Production Guidance for the Fourth Quarter 2023 and Revenue Guidance for Full-Year 2023

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.40 per share at 9.4% yield

NuStar Energy L.P. Declares Third Quarter 2023 Common Unit Distribution, Payable on November 14, 2023

NuStar Energy L.P. to Report Q3, 2023 Results on Nov 02, 2023

NuStar: A Look At The Declining Distribution Coverage

NuStar Energy: Taking A Slow And Possibly Safer Investment Road

Consensus EPS estimates increase by 41%

NuStar Energy L.P. has completed a Follow-on Equity Offering in the amount of $199.6 million.

New minor risk - Shareholder dilution

NuStar Energy L.P. has completed a Follow-on Equity Offering in the amount of $199.6 million.

NuStar Energy L.P. Provides Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.42 (vs US$0.20 in 2Q 2022)

NuStar Energy L.P. Declares Second Quarter 2023 Common Unit Distribution, Payable on August 14, 2023

NuStar Energy L.P. to Report Q2, 2023 Results on Aug 03, 2023

NuStar Energy: Embracing Green Trends

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Nustar Energy L.P. Updates Earnings Guidance for the Full Year 2023

Consensus EPS estimates fall by 11%

NuStar Energy L.P. Appoints Suzanne Wade to the Board

NuStar Energy's Financial Report Blows It Away

Consensus EPS estimates fall by 33%

Full year 2022 earnings: EPS misses analyst expectations

NuStar Energy L.P. Provides Earnings Guidance for 2023

Upcoming dividend of US$0.40 per share at 9.7% yield

NuStar declares $0.40 dividend

NuStar Energy L.P. Declares Fourth Quarter 2022 Common Unit Distribution, Payable on February 14, 2023

NuStar Energy L.P. to Report Q4, 2022 Results on Feb 01, 2023

NuStar: 10% Yield And 2X Coverage Are Not Tempting Enough

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

NuStar Energy L.P. Provides Earnings Guidance for the Year 2022

NuStar declares $0.40 dividend

NuStar Energy L.P. Declares Third Quarter 2022 Common Unit Distribution, Payable on November 14, 2022

NuStar Preferreds Likely To Cross 12% Yields In 2023

Chairman of the Board of NuStar GP LLC recently bought US$1.7m worth of stock

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

NuStar Energy L.P. Provides Earnings Guidance for the Year 2022

Nustar Energy L.P. Declares Distribution for the Second Quarter of 2022, Payable on August 12, 2022

NuStar declares $0.40 dividend

NuStar Energy: Huge Total Return Upside From 2 Catalysts

NuStar Energy L.P. to Report Q2, 2022 Results on Aug 04, 2022

NuStar Energy's Quandary Solved; Ah, Maybe

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Nustar Energy L.P. Provides Earnings Guidance for the Year 2022

NuStar Energy L.P. to Report Q1, 2022 Results on May 05, 2022

NuStar Energy's Quandary

EverWind Fuels LLC entered into an agreement to acquire 7.8 Million-Barrel Storage Terminal in Nova Scotia from NuStar Energy L.P. (NYSE:NS) for $60 million.