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NuStar Energy, L.P.

Company Summary

Recent news

  • 1/22/2024 - Sunoco Acquiring NuStar... (subscriber access)
  • 2/2/2023 - NuStar Energy... (subscriber access)
  • 2/2/2023 - NuStar Energy Announces... (subscriber access)
  • 2/2/2023 - NuStar Energy Announces... (subscriber access)
  • 5/2/2022 - NuStar Energy Closes on... (subscriber access)

Investor Presentations

Company Transactions

Date: 6/30/2022
Type: Acquisition

BUYERS:
  • EverWind Fuels
  • DETAILS:

    COST: 60 $MM

    NOTES:
    NuStar Energy agreed to sell its 7.8MMBBL Point Tupper storage terminal to EverWind Fuels for $60 million. The terminal is on the Strait of Canso, Nova Scotia. The deal will be completed in the 1H 2022.
    REGIONS:
  • Canada
  • Date: 10/15/2021
    Type: Acquisition

    NOTES:
    Sunoco has signed a deal with NuStar Energy to acquire eight refined product terminals from NuStar Energy and one from Cato, Inc. The NuStar terminals include seven on the east coast and one located in the Midwest, with a combined storage capacity of 14.8 million barrels. The locations include Andrews Air Force Base, MD; Baltimore, MD; Blue Island, IL; Jacksonville, FL; Linden, NJ; Paulsboro, NJ; Piney Point, MD; and Virginia Beach, VA. The Cato purchase included a 140 thousand barrel facility in Salisbury, MD.
    REGIONS:
  • Midwest
  • Northeast
  • Southeast
  • 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