Seeking Alpha • Jan 22

NuStar: Upside Remains After Sunoco Acquisition

Summary NuStar Energy L.P. shares rallied over 12% after Sunoco announced an acquisition. The deal offers NuStar holders a 32% premium based on Friday's closing price, though this is closer to 20% after Sunoco's price fall. Limited antitrust risk and improved financial profile are expected from the deal. With 10+% return potential, I would be a buyer of NuStar even after this pop. Read the full article on Seeking Alpha

Seeking Alpha • Nov 09

NuStar Energy Starts Building A New Financial Structure

Summary NuStar Energy has eliminated its Series D Preferred issue and laborious distribution, marking a new start for the company. The company reported $180 million of total EBITDA in the third quarter, with strong performance in the pipeline segment. NuStar has plans for growth in low carbon ammonia and other markets, with a focus on the Permian region. Read the full article on Seeking Alpha

Seeking Alpha • Sep 27

NuStar: A Look At The Declining Distribution Coverage

Summary NuStar Energy's preferred shares have performed better than its common shares, with the 7.625% Series B Fixed to Float Cumulative Redeemable Perpetual Preferred Units appreciating to par. Q2-2023 revenues for NuStar showed steady performance in pipelines, but a decline in storage revenues pushed EBITDA lower. We examine the falling distribution coverage and update our thesis. Read the full article on Seeking Alpha

Seeking Alpha • Aug 22

NuStar Energy: Taking A Slow And Possibly Safer Investment Road

Summary NuStar Energy has been focused on exhausting one of its preferred offerings, with the Series D issue yielding an egregious 14%. The company's 2nd quarter weakness was due to producer issues in the Permian Basin, which have now been resolved. NuStar continues to invest in future growth, including an ammonia product facility connection and renewable products storage in California. The $1.60 yearly distribution appears safe. Read the full article on Seeking Alpha

Seeking Alpha • Jun 27

NuStar Energy: Embracing Green Trends

Summary NuStar Energy has been in a bind for some time. Slower Permian growth and the pandemic have really pressured the balance sheet. The ONEOK buyout offer for Magellan provides an interesting comp. Beyond that valuation, NuStar's opportunities in renewable diesel storage plus its ammonia pipeline foreshadow a lot of value in "green" investments. This could attract disproportionate institutional capital in a space that is starved for it. Read the full article on Seeking Alpha

Seeking Alpha • Feb 10

NuStar Energy's Financial Report Blows It Away

Summary NuStar reported a record EBITDA for the December quarter. It appears that EBITDA estimates for 2023 might be near $800 million. We continue our own strategy to sell covered calls while collecting the quarterly $0.40 dividend. We believe that NuStar will have the cash during 2023 to completely pay down the installment on the Preferred D shares. NuStar Energy (NS) posts blow out earnings for the 4th quarter, reporting a record quarter with promise. It couldn't have happened at a more needed time. At this point, the most important achievement that NuStar must accomplish is to pay off the Preferred D shares without increasing other debt nor cutting the dividend for the ordinary shares. So often in the investing world, the answers are "blowing in the" face of the forward winds of change approaching, with opportunities for those navigating through windshields rather than rear-view mirrors. The past can be valuable, but only when the rear whistles the same tune as the shield. Shall we turn our focus into its face and experience the cooling north winds from the hot summer afternoons? Put on the goggles and hat, take down the top and enjoy the breeze. The 4th Quarter/2022 Year Result We begin with a short review of the 4th Quarter. NuStar generated record 4th quarter EBITDA at $197 million, the bulk coming in transportation, pipelines. For the year, the company generated EBITDA of: $173 million for the first quarter of 2022. $175 million for the second quarter of 2022. $178 million for the third quarter of 2022. $197 million for the fourth quarter of 2022 (highest fourth quarter adjusted EBITDA in our company's history). $725 million total, with management targeting $700-$740. Also, management noted that the Permian handled a "record-breaking average of 584,000 barrels-per-day, that's up 13% over the same quarter of last year." The company closed the year with a leverage ratio of 3.98 up from 3.79 in the 3rd quarter, but still below the company target of 4. The total debt now equals $3.3 billion. The revolver availability remains over $775 million. The total debt includes the $225 million added through extinguishing approximately one-third of the Preferred D shares in November. Management notified investors of its 2023 EBITDA target, spreading out the range to $700-$760 million. It seems notable that $790 million is the four-quarter expansion of the 4th quarter result. Capital expenditures also were announced at $130-$150, unchanged from the 2022. The Debt Structure NuStar has had to pay unprecedented attention to its balance sheet, with several issues of preferred stock still on the books. The preferred D, the most egregious with interest rates above 12%, must be extinguished before the company can really move forward with dividend growth. Noted above, NuStar has $3.3 billion in debt. We included a slide from the last presentation outlining the debt and its structure. NuStar Wells The slide lacks the $225 million now added to the revolver. The company has time to pay down the D issue before any significant refinancing of debt comes due. The question, discussed in several articles, will the company have the cash to do so without breaking the critical leverage level? For investors, the key markers can be assessed by following total debt and in particular the amount of the revolver at the end of each quarter. Future Plans, Market Health & Estimates Management reaffirmed its plans to null-out the "Series-D units in 2023 and 24, which is about two years ahead of our original schedule." This is the single most critical target while still investing a measurable level of capital. When asked about the state of the business particularly the Permian, Danny Oliver, manager of EVP, Business Development & Engineering, answered: It's kind of the same story we had last year. We've forecasted some growth in the Permian, although it's a little bit lower growth rate than we saw in '22, but if our producers are more active than what we have forecasted, we could see some growth there." Oliver, also, noted that the inflation will dampen EBITDA growth in the Permian. Again, our take on performance is a wait and see, though it won't be negative. With respect to Corpus Christi Crude System, "we have forecasted at the MVC levels and so there's really no downside there, but we could -- we could see some upside if we see volumes start to pick up, which we've actually seen some at least in January." In January, volumes averaged near 400,000 per day up almost 10% from the December quarter average. Finally, continued strength in the West Coast assets is expected, with it likely being higher than forecasted.

Seeking Alpha • Jan 27

NuStar declares $0.40 dividend

NuStar (NYSE:NS) declares $0.40/share quarterly dividend, in line with previous. Forward yield 9.24% Payable Feb. 14; for shareholders of record Feb. 8; ex-div Feb. 7. See NS Dividend Scorecard, Yield Chart, & Dividend Growth.

Seeking Alpha • Dec 12

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

Summary NuStar has delivered good results in 2022 considering the challenges it has had to face. We have generally not found the common shares attractive due to a lot of securities higher up in the capital stack. If storage assets deliver in 2023 and NuStar gets the Series D redemption completed, we could see the stock do very well. When we last covered NuStar Energy L.P. (NS) we decided to bypass the common shares and the preferred shares. The heavy capital structure only made the bonds attractive, and we decided to play it safe by putting our weight behind the 2025 maturities. The three offer safer prospects relative to the common shares but their value could fall significantly in the next rate cut cycle. We don't have a position here, but if we did have to choose, we would go with the October 2025 bonds with an 8.735% yield to maturity. Source: NuStar Preferreds Likely To Cross 12% Yields In 2023 Those bonds have done well since then, but that is hardly a surprise as credit markets have thawed a lot since that date. Even the common shares have delivered a resounding performance and put a smile back on investors' faces. Returns Since Last Article We examine the recently released Q3-2022 numbers and tell you why NS appears to be headed in the right direction. Q3-2022 Permian is the only real growth story for shale oil, and NuStar showed the benefits of having its pipeline systems leveraged to that. NuStar's Permian Crude System's volumes hit another high in the third quarter of 2022 with a record-breaking average of 580,000 barrels per day (BPD), an increase of 15 percent over third quarter of 2021 volumes and an increase of 11 percent over the second quarter of 2022. Source: Q3-2022 Press Release That said, the revenue numbers missed estimates, and the company guided for $700-$730 million in adjusted EBITDA. This was a definite guide down from the $700-$750 million after Q2-2022 results. At a segment level, we can see that the pressures on adjusted EBITDA are coming entirely from the storage segment. Q3-2022 Press Release These numbers have been adjusted for the Eastern U.S. terminals and Point Tupper terminal, which were sold in October 2021 and April 2022, respectively. So you are looking at an apples-to-apples comparison. This area did get some attention in the conference call as well. That decrease was due to customer transitions and required tank maintenance at our St. James terminal and an amendment and extension of our customer contract at Corpus Christi North Beach terminal. Source: Q3-2022 Conference Call Transcript There are still two positive aspects here, and those may help us catch the EBITDA turn for these assets. The first is that NuStar has dumped a lot of storage assets and its vulnerability is now far lower than it was 12 months back. The second is that the term structure in the futures market has become drastically better. We have a regular contango structure, versus the massive backwardation that we saw over the last nine months. CME Dec 12 2022 This likely means that the massive drain in inventories is coming to a close, and there is an incentive to store barrels for sale later. Leverage NuStar has held an uncomfortable amount of leverage by our standards. This is not readily apparent in the consolidated debt coverage ratio, which is seen in the financial statements. After all, a sub 3.8X number would generally be considered quite good for a midstream company. Q3-2022 Press Release That number though comes after the NuStar Logistics Subordinated Notes (NSS) are taken off the count and also ignore the heavy preferred shares ahead of the common. Nonetheless, the 3.79X is an improvement. This improvement has come despite challenges from storage segment woes and high inflation. Looking ahead to 2023, the company should be able to deleverage a little more. With expected EBITDA around $725 million, we could see $200 million of cash left over after, interest, common and preferred distributions and capex. Series D The privately placed Series D preferred shares were the biggest thorn in the common equity bull case. NuStar has $590 million of Series D privately placed with EIG Nova Equity Aggregator, L.P. and FS Energy and Power Fund since June 2018, and they have a current coupon of 10.75%. The Series D preferreds become redeemable in July 2023 when the coupon increases to a whopping 13.75%. Any bull case for common shares requires these to be out of the way and that is being addressed.

Seeking Alpha • Oct 28

NuStar declares $0.40 dividend

NuStar (NYSE:NS) declares $0.40/share quarterly dividend, in line with previous. Forward yield 10.15% Payable Nov. 14; for shareholders of record Nov. 7; ex-div Nov. 4. See NS Dividend Scorecard, Yield Chart, & Dividend Growth.

Seeking Alpha • Sep 27

NuStar Preferreds Likely To Cross 12% Yields In 2023

Summary NuStar Energy has leveraged the Permian volumes to grow its business, but storage has been a sore spot. Common distribution coverage looks good currently but it will be under a lot of pressure in 2023. A lot of NuStar securities are slated for double-digit yields in 2023 and we look at whether any can be good for your portfolio. When we last covered NuStar Energy LP. (NS), we gave a balanced assessment of risks and rewards and came away with a neutral/hold rating. While we were bulls on energy in general and the Permian in particular, we did not think NS was the best way to play this. Specifically we said: Going forward though it remains to be seen how the volumes story offsets the storage woes. Weakness in storage can get far worse as contracts roll over and customers suddenly find that they have far more storage space competing for their dollars. On the other hand, while pipeline volumes can increase, we are not going to see significant pricing power as even there, capacity is more than sufficient. We remain neutral on the name and see better places to make money. Source: A Mixed Bag A lot has changed since then and while crude oil and natural gas prices averaged higher than what we had expected, we also have seen interest rates and credit risk move up meaningfully. Let's examine where NS stands today and what might be interesting plays for the company. Q2-2022 The story here played out in a similar manner to what we had suggested a year ago. Pipeline segment volumes and revenues were robust. The company's Permian volumes grew to 522,000 barrels per day in the second quarter of 2022, an increase of 16 percent over the previous year. This was offset by storage segment as volumes handled and revenues continued to fall off. NuStar 10-Q The ultra steep backwardation on the futures curve for crude oil has not helped the storage area one bit and the next quarter should be headed in the same direction. Buried in there though, is the impact of the asset sales and it is difficult to prune out exactly how much revenue drop came from those. From a credit perspective, the asset sales at decent multiples (see here and here), offset the falling EBITDA and leverage dropped vs last year. NuStar Press release The sub 4.0X debt to EBITDA is a welcome number to look at, but we stress here that this is a very fluffed up look at where things stand for the equity holder. The 3.93X comes after removing the NuStar Logistics Floating Rate subordinated notes (NSS) and also does not look at the mountain of preferred shares (par value $1.364 billion) ahead of the common. It continues to be our belief that this situation of overexposure to storage volume declines combined with heavy leverage, make the common shares poor prospects. Preferred Shares NS offers three preferred shares that trade publicly and a fourth one that had a private placement. All are par value of $25 per share, cumulative, and fixed-to-floating rate securities. NuStar Energy L.P., 8.50% Series A Fixed to Float Cumulative Redeemable Perpetual Preferred Units (NS.PA) This one was callable on 12/15/2021. Yield is floating at LIBOR plus 6.766%. Based on Fed Fund Futures, NS might have to pay as high 11.266% on this. At a price of $22.82, the yield could go as high as 12.34%. NuStar Energy L.P., 7.625% Series B Fixed to Float Cumulative Redeemable Perpetual Preferred Units (NS.PB). This one was callable on 6/15/2022. Yield is floating at LIBOR plus 5.643%. Based on Fed Fund Futures, NS might have to pay as high 10.143% on this. At a price of $20.60, the yield could go as high as 12.30%. NuStar Energy L.P., 9.00% Series C Fixed to Float Cumulative Redeemable Perpetual Preferred Units (NS.PC). NS.PC is callable on 12/15/2022. After 12/15/2022, yield floats at LIBOR plus 6.88%. Based on Fed Fund Futures, NS might have to pay as high 11.38% on this. At a price of $23.41, the yield could go as high as 12.15%. The three publicly traded ones are all hurtling towards a 12.00% plus yield and this is going to weigh on NS. Interestingly, even at the high end, of currently projected Fed Fund Futures, all of these are below what the privately traded D units will cost.

Seeking Alpha • Jul 29

NuStar declares $0.40 dividend

NuStar (NYSE:NS) declares $0.40/share quarterly dividend, in line with previous. Forward yield 10.31% Payable Aug. 12; for shareholders of record Aug. 8; ex-div Aug. 5. See NS Dividend Scorecard, Yield Chart, & Dividend Growth.

Seeking Alpha • Jul 22

NuStar Energy: Huge Total Return Upside From 2 Catalysts

NuStar is overleveraged and barely generates surplus cash flow after distributions and capex. But we see two fundamental catalysts that change the picture for the better over the next few years. NuStar's unit price doesn’t reflect the improvement we believe will take place and, therefore, offers huge upside. HFI Research NuStar Energy L.P. (NS) common units currently yield 10.8%, one of the higher yields among midstream equities. The units' market price reflects the reality that the company is overleveraged and barely covers its distributions after capital expenditures. We have been critical of NS management for overspending, recurring impairment charges, distribution cuts, and other capital allocation moves that have put equity value at risk. But for all managements' faults as capital allocators, they have focused the company's operations on high-quality assets, much to their credit. NS's crude and refined products pipeline systems, storage facilities, growing Permian gathering and processing (G&P) system, and south Texas assets like its Corpus Christi export hub earn good returns and generate substantial cash flow. NS's assets are shown in the map below. NuStar Energy (NS 2021 10-K) If NS can successfully de-lever over the next few years, it may emerge from this period with the same high-quality assets, but also with comfortable common distribution coverage and attractive distribution growth prospects. Since the units are priced today as if the company will remain overleveraged, any sustainable positive change in its financial position can send its units much higher. We see two fundamental catalysts we believe are likely to increase free cash flow, reduce leverage, and increase the unit price. NS's First Catalyst: Reduced Growth Capex First, management has demonstrated it is serious about reining in growth capital expenditures. Today's reduced growth capex will increase NS's tiny cash flow surplus. NS became overleveraged after its acquisition of Navigator Energy Services in May 2017, through which it acquired its Permian assets. To fund the acquisition, NS issued $550 million of debt, $539 million of preferred units, and $644 million of common equity. The acquired assets also saddled NS with significant capital spending obligations to grow its Permian G&P system. NS's Permian system capital expenditures remained high as it constructed a mainline system in 2018 and 2019 and grew systemwide capacity from 220,000 barrels per day ((bpd)) in 2017 to 700,000 bpd in 2021. The growth was necessary to accommodate the system's higher-than-average throughput growth, as shown in the chart below. NuStar Energy (NS 2022 Energy Infrastructure Investor Conference Presentation, May 16, 2022.) Aside from NS's Permian buildout, the company spent heavily on its Northern Mexico transportation assets and Corpus Christi crude oil export facilities. NS's total capex peaked in 2019 at $546 million. However, in late 2019, management changed its tune. In December of that year, it guided to capex of $325 million in 2020, as shown in the slide below. NuStar Energy (NS Wells Fargo Economics & Strategy 18th Annual Midstream and Utility Symposium Presentation, Dec. 11. 2019. Red-dotted line added by author.) After Covid-19 hit, management slashed 2020 capex far more than initially budgeted. It ended up spending $209 million. In May 2020, NS also cut its distribution by one-third, as shown below. HFI Research Then in 2021, NS slashed capex further, to $181 million. These measures boosted the company's free cash flow and transitioned it from a steep cash flow deficit to a small cash flow surplus in 2021. It used this surplus cash and asset sales to pay down $428.5 million of debt. NS's improving cash flow picture from 2017 can be seen in the table below. HFI Research In 2022, management has guided for growth capex of $145 million, below 2020 and 2021 levels. NuStar Energy (NS U.S. Capital Advisors Midstream Corporate Access Day Presentation, March 30, 2022. Red-dotted line added by author.) We estimate that over the next few years, NS's reduced growth capex and the resulting cash flow surplus will be one of two catalysts that allow NS to boost Adjusted EBITDA and pay down debt. NS's Second Catalyst: Rate Increases Since NS's long-haul pipelines are interstate liquids pipelines, they can adopt the FERC Index to set tariff rates. In recent months, NS filed rate increases with the FERC that became effective on July 1. NS increased its crude pipeline rates in the low-to-mid single-digit range. However, it increased rates on its North, East, and Central West refined product pipelines by the FERC Index's maximum allowable rate of 8.7%. We estimate NS's refined product pipelines account for slightly more than one-third of its Adjusted EBITDA, so the rates increases will have a significant impact on companywide results by boosting Adjusted EBITDA and free cash flow, reducing leverage, and setting the stage for a quicker pace of debt paydown in the years ahead. NS's recent rate increases will have an immediate positive impact on second-half 2022 Adjusted EBITDA. However, they also signal that NS is in a position to increase rates again by reference to next year's FERC Index next year on July 1, 2023. The FERC Index is based on the Producer Price Index for Finished Goods (PPI-FG), which has been dramatically outstripping the more widely-cited Consumer Price Index. In June, for instance, while the CPI increased by 3.3%, the seasonally-adjusted PPI-FG increased by a whopping 18.4% over its year-ago level. The historic run-up in the PPI-FG over the past two years can be seen in the chart below. BSM On a year-over-year basis, the change in the PPI-FG is likely to come down over the coming months. Still, a price increase in the mid-to-high single digits appears likely for next year's reset. This would have positive implications for NS's results in 2023 and 2024. The rate increases will offset the adverse impact of continued increases in the SOFR lending rate, which NS's Series A, B, and C preferred distribution rate will be tied to over at least the next few years. They will also offset the adverse impact of NS's Series D Preferred distribution rate stepping up from its current 10.75% yield to 13.75% in 2023. Other Positive Factors For NS Equity Aside from the two catalysts discussed above, NS equity has other factors in its favor. For one, the company's liquidity position is strong. It features $897 million of cash and revolver availability. Also, NS has no debt maturities until 2025, as shown in the slide below. NuStar Energy (NS 2022 Energy Infrastructure Investor Conference Presentation, May 16, 2022.) In addition, NS's Permian G&P system is set for growth in 2022 and beyond, as management discussed in its first-quarter earnings conference call shown below. Thomson Reuters Assuming NA generates decent returns on its Permian assets, increased customer activity will further bolster cash flows over the coming years. This can accelerate deleveraging. Lastly, additional asset sales are also possible. For example, NS management appears committed to its renewable assets. However, given the high transaction prices for renewables assets, they could fetch a high EBITDA multiple and help NS de-lever. Risks To NS Equity Equity owners should be aware that NS won't be able to significantly increase its common distribution until leverage comes down or its Series D Preferreds are redeemed and replaced with obligations with lower interest rates. We don't see much operational risk, as the long-haul pipelines and Permian G&P system operate with stable throughput. Rather, the biggest risk to NS equity owners stems from management's capital allocation. The leverage reduction we anticipate will allow NS to refinance its nearest debt maturity in 2025. By 2028, it should have no problem redeeming the $678.6 million of its high-yielding Series D Preferreds. Management details its capital allocation plan in the following excerpt from NS's 2021 10-K: NuStar Energy (NS 2021 10-K, pg. 19.) We believe management plans to pay down debt and reduce leverage to the point that the Series D Preferreds can be replaced by lower-cost debt, likely before 2028. Alternatively, it could replace the Series D with another preferred issue. We hope management doesn't resort to dilutive measures like issuing convertible preferred or common units, but of course, these can't be ruled out. In light of management's poor capital allocation track record, we believe a dilutive capital raise is the single greatest risk to equity owners.

Seeking Alpha • May 20

NuStar Energy's Quandary Solved; Ah, Maybe

It appears that NuStar has the ability to extinguish its Series D issue in a slow but reasonable time period. The company may generate more than $200 million in extra cash by next year for covering a portion of the Ds. After the payment of the first $200 million is made, approximately $200 million a year or more will be available to finish the payoff. The company doesn't plan to cut it distribution. After the Ds are gone, this is a new and different investment.

Seeking Alpha • Feb 22

NuStar Energy's Quandary

NuStar's business is humming, but preferred share issues cloud the future. The company has options for managing the Series D preferred which go draconian next year. Investors shouldn't expect any changes in distribution in the next 2-4 years. We continue to use short calls to enhance yields and returns.

Seeking Alpha • Aug 11

NuStar 7.625% Subordinated Notes Due 1/15/2043: Unlikely To Ever Be Called

The NuStar Logistics L.P. 7.625% Fixed-to-Floating Rate Subordinated Notes due 1/15/2043 (NSS) are unlikely to ever be called due to the hybrid nature of this capital structure piece. Issued as debt (Subordinated Bonds) the notes have hybrid features because they are not counted towards the Debt/EBITDA calculation (consolidated debt coverage ratio) under the Revolving Credit Agreement. NuStar Energy (NS) has always run highly leveraged in terms of Debt/EBITDA metrics and favors any form of capital issuance that does not count towards the debt covenant. From the company’s perspective, the Sub Bonds currently have a very attractive interest rate of 3 months Libor+6.734% for a very long tenor debt issuance in the HY space. Investors should brace for higher volatility of returns for NSS due to the long duration and wait for a better entry point from a price perspective.

Seeking Alpha • Aug 04

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

NuStar Energy Series A Preferred Shares have a Dec. 15, 2021 call date and are the first NuStar preferred tranche to become due for an optional redemption. Despite the overall NuStar Energy leverage, which is on the high side, its Senior Secured Notes are trading well in the secondary market, signaling funding market's risk appetite for NuStar. NuStar Energy has no other debt coming due until 2022, and not redeeming its Series A on their call date would virtually shut it out from that market. If you think there might be a shallow correction coming in the risk markets, but still want to stay involved in the preferred space, a short duration play is best.

CEO maaş yüzdesi	11.64%
CEO görev süresi	10.3yrs
CEO sahipliği	0.8%
Yönetim ortalama görev süresi	7.8yrs
Yönetim Kurulu ortalama görev süresi	7.1yrs

Tarih	Toplam Tazminat	Maaş	Şirket Kazançları
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

İsim	Pozisyon	Görev süresi	Tazminat	Sahiplik
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	Veri yok	Veri yok
Jorge del Alamo	Senior VP	10.3yrs	Veri yok	0.092% $ 2.6m
Pam Schmidt	Vice President of Investor Relations	no data	Veri yok	Veri yok
Robert Grimes	Vice President of Human Resources - NuStar GP LLC	15.3yrs	Veri yok	Veri yok
Joanna Weidman	Senior Vice President of Administration - NuStar GP LLC	4.8yrs	Veri yok	Veri yok
Chris Russell	Treasurer & VP of Investor Relations	no data	Veri yok	Veri yok
Steve Gilbert	VP, Assistant General Counsel & Corporate Secretary	1.8yrs	Veri yok	Veri yok

İsim	Pozisyon	Görev süresi	Tazminat	Sahiplik
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

Veri	Son Güncelleme (UTC saati)
Şirket Analizi	2024/05/02 09:53
Gün Sonu Hisse Fiyatı	2024/05/02 00:00
Kazançlar	2024/03/31
Yıllık Kazançlar	2023/12/31

Paket	Veri	Zaman Çerçevesi	Örnek ABD Kaynağı ^*
Şirket Finansalları	10 yıl	Gelir tablosu Nakit akış tablosu Bilanço	SEC Form 10-K SEC Form 10-Q
Analist Konsensüs Tahminleri	+3 yıl	Finansal tahminler Analist fiyat hedefleri	Analist Araştırma Raporları Blue Matrix
Piyasa Fiyatları	30 yıl	Hisse senedi fiyatları Temettüler, Bölünmeler ve Eylemler	ICE Piyasa Verileri SEC Form S-1
Sahiplik	10 yıl	En büyük hissedarlar İçeriden öğrenenlerin ticareti	SEC Form 4 SEC Form 13D
Yönetim	10 yıl	Liderlik ekibi Yönetim Kurulu	SEC Form 10-K SEC Form DEF 14A
Önemli Gelişmeler	10 yıl	Şirket duyuruları	SEC Form 8-K

Analist	Kurum
Richard Gross	Barclays
Ujjwal Pradhan	BofA Global Research
Robert Balsamo	B. Riley Securities, Inc.

This company has been acquired

NuStar Energy Yönetim

Yönetim kriter kontrolleri 4/4

Anahtar bilgiler

Son yönetim güncellemeleri

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.

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. 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.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind