position for a refinery because it limits resources and available SAN ANTONIO--(BUSINESS WIRE)--Apr. It has been working to reduce. 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. enjoyed working with them to make a tremendous amount of improvements to at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. 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. uncertainties and assumptions. conducted significant environmental cleanup as well as beautification It closed the year with debt of $3.3 billion. [3], In 2018 Inter Pipeline acquired NuStar Energy L.P.'s European bulk liquid storage business ("NuStar Europe") for cash consideration of US$270 million. Austin-based Capital Commercial Investments bought 290 acres at ExxonMobils Irving headquarters late last year in a sale-leaseback deal in December. Please enter your username or email address to reset your password. Accordingly, all of NuStar Energy L.P.s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals and corporations, as applicable. Read our editorial policy to learn more about our process. We plan to continue to optimize our business and build our financial strength and unitholder value, while we continue to safely and reliably store and transport the essential energy that fuels our lives, Barron concluded. In 2019, we formed an ESG Task Force to focus on sustainability reporting and build upon our best practices. Accordingly, all of NuStar Energy L.P.s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals and corporations, as applicable. Be helpful and seek help from others when you need it. We expect to allocate approximately $60 million to growing our Permian system and plan to spend about $25 million to expand our West Coast Renewable Fuels Network, said Shoaf. While we are proud of those honors and awards, we are even prouder of the work we do every day: safely and reliably supplying the energy that fuels modern life, contributing to our communities in the markets we serve and building value for our unitholders. SAN ANTONIO - NuStar Energy has a new chairman after its previous chairman of 21 years retired from his position on Thursday. NuStar plays a vital role in helping toensure Americas food supply from fueling for tractors, to supplying the ammonia Americas farmers use to fertilize their fields and increase crop yields, to fueling the trucks that transport food from the farm to your table, NuStar plays an integral part in bringing affordable, healthy foods to our communities, throughout the Midwest and across the country. 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. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. L.P.(Calumet) for $100 million, plus closing date inventory estimated [1]Blue ammonia is produced with natural gas, but the associated emissions are captured and stored. There is for advancement and training is always available. It acquired about 37acres there in 2010. The energy organization reported $75 million in adjusted net income for the fourth quarter of 2022, which was an increase of $21 million to quarter four 2021. President,Investor Relations: 210-918-3057chris.russell@nustarenergy.comorMedia, It has been working to reduce debt and the lease-buyback enables it to make money from a non-earning asset, it said. The partnerships combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. In this climate of high interest rates and with some capital markets still not accessible to (master limited partnerships), this provides us with a less costly method of generating capital compared to other financing techniques and demonstrates our commitment to being good stewards of our resources, NuStar said. NuStar currently has 8,708 miles of pipeline and 81 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. In addition to the insurance proceeds, Barron noted that both 2022 and 2021 included non-cash charges that impacted full-year net income, making an apples-to-apples comparison difficult. partnership. Wed like to share more about how we work and what drives our day-to-day business. I would absolutely recommend NuStar to friends and others looking for employment. 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. The NuStar Energy L.P. board of directors elected its newest member, a former top-level H-E-B LP executive. events and the future financial performance of NuStar Energy L.P. All The full-year 2022 adjusted net . to be $15 million. In November, we were able to repurchase about one-third of our Series D preferred units while keeping our debt-to-EBITDA ratio under 4 times for year-end 2022. NuStar purchased the refinery and terminal out of The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. San Antonio-based energy logistics company NuStar Energy LP (NYSE: NS) sold its headquarters building at 19003 West Interstate 10, just north of the The Rim shopping center, to Charlotte,. 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. Salary estimated from 24 employees, users, and past and present job advertisements on Indeed. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. Technical expert and resource (Current Employee) - San Antonio, TX - October 4, 2018. Cautionary Statement Regarding Forward-Looking Statements. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. NuStar Energy, L.P. NS along with Neste, a renewable fuels firm, recently announced that supply trucks will now load Neste MY Sustainable Aviation FuelTM at the NuStar . refinery produces and sells various products, including jet fuels, Austin-based Capital Commercial Investments bought. assumptions are discussed in NuStar Energy L.P.'s 2010 annual report on Reach Madison at 210-250-3242, madison.iszler@express-news.net and @madisoniszler. SAN ANTONIO--(BUSINESS WIRE)--Apr 27, 2023--NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a first quarter 2023 common unit distribution of $0.40 per unit. NuStar Energy L.P.s Board of Directors also declared a first quarter 2023 Series A preferred unit distribution of $0.73169 per unit, a Series B preferred unit distribution of $0.66150 per unit and a Series C preferred unit distribution of $0.73881 per unit. NuStar Energy is an oil pipeline and terminal operator. refinery and into an 18,000-square-foot office complex at Brooks City Truist Financial Corp is buying the 1 million-square-foot campus at 19003 West Interstate 10 from NuStar Energy for $103 million, the San Antonio Business Journal reported. The company moved into its 319,000-square-foot headquarters off Interstate 10 north of The Rim shopping in 2012. And by investing that increased cash flow in our growth footprint, we are already on the path to compounding those benefits, with the EBITDA growth we expect from organic capital projects on our Permian System and in our West Coast Renewables Network, as well as the projects we hope to announce later this year across our Ammonia System. ultra-low sulfur diesel (ULSD), naphtha, reformates, liquefied petroleum , which are not included on the map below. 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. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/bgpdnpyj. or All forward-looking statements are based on NuStars beliefs as well as assumptions made by and information currently available to NuStar. Corporate Communications: 210-918-2314, View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/. Actual results may differ materially from those described in the forward-looking statements. million barrels of storage capacity, and NuStar has operations in the 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. San Antonio pipeline operator NuStar Energy posted a gain of more than $200 million in 2018 after undergoing a major restructuring, the company said Thursday. Other notable companies have exercised land sale or leaseback maneuvers recently. capital. In 2021, we promoted our commitment to ESG excellence in alignment with our strategic goals, and we also launched our Sustainability webpage. It has sold the real estate, seen here in 2014, to a North Carolina financial company and will lease back its offices for about $8 million a year. We sold our Canadian operations on April 29, 2022, which are not included on the map below. crude oil, refined products and specialty liquids; a fuels refinery with NuStar announced its plans to sell the refinery last month as part of This page is not available in other languages. And Houston-based natural gas company Tellurian is selling land in Louisiana as part of a $1 billion lease back, the outlet reported. Browse the open positions at NuStar Energy, and apply online. 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. For full-year 2022, our Fuels Marketing Segment generated near-record operating income and EBITDA of $34 million, which was an increase of approximately $23 million compared to full-year 2021 operating income and EBITDA of $11 million. Nustar said it expects full-year profits of $202 million to $240 million, compared with $222 million for all of 2022. $81,200 per year. The atmosphere is nearly stress free and the people here make it fun to work here. site: http://www.nustarenergy.com. of the key reasons we chose Calumets bid is because they are well-known The first quarter common unit distribution will be paid on May 12, 2023 to holders of record as of May 8, 2023. NuStar will use proceeds from the NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a first quarter 2023 common unit distribution of $0.40 per unit. Markets Brief: 10th Straight Fed Rate Hike on Tap. Barron continued, Our adjusted EBITDA was $197 million for the fourth quarter of 2022, which is the highest fourth quarter adjusted EBITDA in our companys history. 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. For example, for full-year 2022, NuStar reported net income of $223 million, or $0.36 per unit, compared to net income of $38 million, or a net loss of $0.99 per unit, for the year ended 2021. Apr 15, 2021 10:14AM EDT. 1 of 3. Updated August 2022. $18.82 per hour. Property Type Office - General Office Property Size 317,808 SF Lot Size 31.97 Acre Parking Spaces Avail. 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. 27, 2023-- visit NuStar Energy L.P.'s Web site at www.nustarenergy.com. NuStar Energy L.P. (NYSE: NS) announced today that it has entered into a The 32-acre property was recently valued at about $49 million, according to the Bexar County Appraisal District. See jobs Follow View all 1,286 employees About us NuStar Energy L.P., a publicly. Subscribe to CREDirect and our Weekly Newsletter! Our Guiding Principles are the foundation of everything we do: how we treat each other, the environment, our communities, our customers and business partners. 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. service a 12-mile pipeline between the terminal and the refinery that Learn more about NuStars caring and sharing culture. Terms of Service apply. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/fnk2v7x2. 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. For more information, visit NuStar Energy L.P.s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/. NuStar Energy, L.P., San AntonioInvestors, Chris Russell, Vice These risks, uncertainties and NuStar opened its headquarters in 2012. 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. The following is a reconciliation of EBITDA to adjusted EBITDA. The Elmendorf He also noted that NuStars Mid-Continent refined product systems once again delivered solid, dependable revenue contribution in the fourth quarter of 2022. 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. Truist bought the San Antonio-based energy logistics companys building, NuStar CEO Brad Barron, Truist Financial Corp CEO William H. Rogers Jr. and 19003 West Interstate 10 (LinkedIn, Loopnet, Truist). 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. This article about a natural gas or petroleum-related company is a stub. RECORD HIGHS: San Antonios NuStar Energy posts best fourth quarter in its history. var theDate=new Date() document.write(theDate.getFullYear()) Commercial Real Estate Direct All rights reserved. NuStar owns 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids.[2]. The conference call may also be accessed through the Investors section of NuStar Energy L.P.s website at https://investor.nustarenergy.com. We are also encouraged by the continued improvement we saw in January on that system, as our average volumes rose to almost 400,000 BPD last month.. [5], On 15 October 2019, the Nustar Fire, a 15-acre wildfire, was caused by an explosion of two ethanol storage tanks at NuStar's Crockett, California, fuel depot.[6][7]. a throughput capacity of 14,500 barrels per day; and 50% ownership in View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/, Investors, Pam Schmidt, Vice President, Investor Relations or In addition, we look forward to developing future partnerships to supply green and blue ammonia, for existing applications and for exciting future opportunities, like renewable electricity generation and safe, efficient transportation of hydrogen to power fuel-cell vehicles.[1]. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. NuStar will pay an average annual rent of $8.2 million during its initial 20-year lease, with two options to extend the term for 10 years each, according to a filing last month with theSecurities and Exchange Commission. The effort effectively removed 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. Green ammonia is produced using renewable electricity to power an electrolyser to extract hydrogen from water and an air separation unit to extract nitrogen from air, which are then combined, through a chemical reaction powered by renewable electricity, to produce ammonia. 1, 2023-- NuStar Energy L.P. (NYSE: NS) today announced that the 2022 tax packages, which include the Schedule K-1's for Series A, Series B and Series C preferred units and common units, are available online at www.nustarenergy.com in the Investors section of the. Distribution coverage ratio is calculated by dividing DCF by distributions applicable to common limited partners. SAN ANTONIO--(BUSINESS WIRE)--Dec. 17, 2012-- pipeline and storage operations. J&L Realty buys Hollywood performing arts academy for $23M, Harris Bay pitches hotel, office-to-resi for Tobin Hill. NuStar Energy L.P., a publicly traded master limited partnership based Reconciliation of Non-GAAP Financial Information - Continued, (Unaudited, Thousands of Dollars, Except Ratio and Per Unit Data). 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).