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NuStar Energy, L.P.

Company Summary

Recent news

  • 11/2/2020 - NuStar Energy Selling... (subscriber access)
  • 7/30/2020 - President Trump Grants... (subscriber access)
  • 5/21/2020 - NuStar Energy Booked a... (subscriber access)
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Investor Presentations

Company Transactions

Date: 12/31/2020
Type: Acquisition

BUYERS:
  • BWC Terminals
  • DETAILS:

    COST: 106 $MM

    VOLUMES: 2.81 MM Bbls

    NOTES:
    NuStar Energy has reached a deal with BWC Terminals to divest its Texas City terminals for $106 million, with the deal closing in the fourth quarter of 2020. NuStar's Texas City terminals include one facility with 70 tanks and 2.68 MMbbl in storage, which can handle clean products, black oils, blendstocks, VGO and chemicals. It also contains multiple modalities, including rail, ship, barge, truck and ISO container. The second terminal includes 10 tanks and a 131 Mbbl capacity for light petroleum products.
    REGIONS:
  • Gulf Coast
  • Houston Ship Channel
  • Date: 6/30/2019
    Type: Acquisition

    BUYERS:
  • Prostar Capital
  • DETAILS:

    COST: 250 $MM

    REGIONS:
  • Caribbean
  • Date: 12/31/2018
    Type: Acquisition

    DETAILS:

    COST: 270 $MM

    NOTES:
    NuStar Energy sold its European terminals and related assets to Inter Pipeline Ltd's European storage subsidiary, Inter Terminals Ltd., for $270 million. Six liquids storage terminals in the U.K. and one facility in Amsterdam are included in the transaction expected to close in 4Q18.
    REGIONS:
  • Europe
  • Date: 7/23/2018
    Type: Merger

    DETAILS:
    NOTES:
    NuStar Energy LP and NuStar GP Holdings reported that NuStar GP will be merged with a wholly owned subsidiary of NuStar Energy LP through a unit-for-unit exchange.

    Date: 4/15/2018
    Type: Acquisition

    SELLERS:
  • CHS, Inc.
  • DETAILS:

    COST: 38 $MM

    REGIONS:
  • Midwest
  • Date: 5/4/2017
    Type: Acquisition

    DETAILS:

    COST: 1.475 $B

    NOTES:
    NuStar Energy L.P. has entered into a definitive agreement to acquire Navigator Energy Services for approximately $1.475 billion.
    REGIONS:
  • Midland Basin
  • Permian Basin
  • Date: 12/21/2016
    Type: Acquisition

    DETAILS:

    COST: 93 $MM

    VOLUMES: 1150000 Bbls

    NOTES:
    The terminal NuStar is acquiring includes 1.15 million barrels of total storage, which is comprised of 900,000 barrels of crude oil storage and 250,000 barrels of refined product storage
    REGIONS:
  • Texas and Producing Region