NuStar Energy LP

NuStar Energy LP

NuStar Energy LP

Overview
Date Founded

1999

Headquarters

19003 IH-10 West,San Antonio, TX 78257-1212

Type of Company

Public

Employees (Worldwide)

1,441

Industries

Oil & Gas
Other Business & Consulting Services
Power & Utilities
Wholesale: Raw Materials

Company Description

NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil and anhydrous ammonia. The Storage segment is engaged in terminal and storage facilities, which includes storage and handling services on a fee basis for petroleum products, specialty chemicals, crude oil and other liquids. The Fuels Marketing segment purchase crude oil and refined petroleum products for resale. The company was founded in 1999 and is headquartered in San Antonio, TX.

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Executives & Employees

President, Chief Executive Officer & Director

Assistant Secretary

Chief Financial Officer & Executive Vice President

Executive Vice President, Chief Financial Officer & Treasurer

Senior Vice President & General Counsel

Chief Information Officer & Senior Vice President

Chief Administrative Officer & Executive Vice President

Executive Vice President & Chief Administrative Officer

Chairman of the Board of NuStar GP, LLC

Senior Vice President & Controller

Board of Directors

Vice Chairman at The Center for Southwest Research

Paths to NuStar Energy LP
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Owners & Shareholders
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AAI offers innovative investment solutions designed to help advisors and investors build better portfolios. Through both their alternative investment products and access to specialty asset managers, the firm seeks to deliver portfolio solutions that allow investors to diversify their core holdings and obtain exposure to attractive investment themes. The firm's exposure to alternatives and specialty managers is achieved primarily through ETFs, exchange-traded products, closed-end funds and open-end funds with the goal of providing access that is registered, liquid and fully transparent. AAI currently does not research or actively recommend specific portfolio securities. Rather, the firm collects, validates and utilizes quantitative data and information from various sources with the goal of identifying one or more sub-advisors that are appropriate to their respective investment objectives and that provide an appropriate mix of diversified investment styles or alternatively through products that are passively managed, and track a designated index.

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Harvest Fund Advisors' principal investment area is energy and energy infrastructure assets with a particular focus on US master limited partnerships (MLPs). The firm employs fundamental, value-oriented, bottom-up research, analysis, and industry knowledge to generate alpha returns. The funds may be organized in the US or in a foreign jurisdiction as limited liability companies, limited partnerships, trusts, or offshore corporations, partnerships, trusts, or any other legal entity. For some of their clients or funds, Harvest Fund Advisors may purchase or sell derivatives instruments or swaps.

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Morgan Stanley (Strategic Investments) is the investment management division of Morgan Stanley (NYSE: MS). The firm was founded in 2000 and is headquartered in New York City.

Recent Transactions
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Inter Pipeline Ltd., Inter Terminals Ltd. purchase Nustar Energy LP /European Ops from NuStar Energy LP

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NuStar Energy LP purchases NuStar GP Holdings LLC

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NuStar Energy LP purchases CHS, Inc. /Council Bluffs System from CHS, Inc.

Insider Transactions
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Transaction Advisors
Underwriter

Advised onNuStar Energy LP issued USD Common Units

Investment Advisor

Advised onNuStar Energy LP purchases Kaneb Pipe Line Partners LP

Underwriter

Advised onNuStar Energy LP issued USD Common Units

Underwriter

Advised onNuStar Energy LP issued USD Common Units

Global Head of Chemical Group

Advised onNuStar Energy LP purchases Kaneb Pipe Line Partners LP

Director

Advised onNuStar Energy LP issued USD Common Units

Clients

Headquartered in Findlay, Ohio in the heart of the Midwest, Marathon Petroleum Corporation (MPC) is the name of the parent company which includes several subsidiary companies including Marathon Petroleum Company LP, Marathon Pipe Line LLC, and Speedway LLC. MPC is the nation’s fifth largest refiner and the largest refiner in the Midwest. MPC’s refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S. MPC operations are strategically located to serve major markets. They include a six-plant refining network, a comprehensive terminal and transportation system, and extensive wholesale and retail marketing operations. This includes both the Marathon Brand and MPC’s wholly owned retail marketing subsidiary, Speedway LLC, the nation’s fourth largest chain of company-owned and operated retail gasoline and convenience stores.

CF Industries Holdings, Inc. engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other. The Ammonia segment produces anhydrous ammonia, which is company's most concentrated nitrogen fertilizer product as it contains 82% nitrogen. The Granular Urea segment produces granular urea, which contains 46% nitrogen. The UAN segment produces urea ammonium nitrate solution, which is a liquid fertilizer product with a nitrogen content from 28% to 32%, is produced by combining urea and ammonium nitrate. The AN segment produces ammonium nitrate, which is a nitrogen-based product with a nitrogen content between 29% and 35%. The Other segment includes diesel exhaust fluid, nitric acid, urea liquor and aqua ammonia. The company was founded in 1946 and is headquartered in Deerfield, IL.

HollyFrontier Corporation (NYSE: HFC) is among the largest independent petroleum refiners in the United States with operations throughout the mid-continent, southwestern and Rocky Mountain regions. Subsidiaries of HollyFrontier Corporation produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. The Company is headquartered in Dallas, Texas and operates five complex refineries with 443,000 barrels per day of crude oil processing capacity. Subsidiaries of HollyFrontier Corporation manufacture and market lubricants and specialty products through a subsidiary. Subsidiaries of HollyFrontier Corporation manufacture and market asphalt products and other heavy products at our five refineries and at our asphalt terminals in Arizona and New Mexico. The Company owns a 42% interest in Holly Energy Partners, L.P. (NYSE: HEP).

Key Stats and Financials As of 2019
Market Capitalization
$1.41B
Total Enterprise Value
$7.59B
Earnings Per Share
$-2.3
Revenue
$1.5B
Net Profit
$-106M
EBITDA
$664M
EBITDAMargin
44.31%
Total Debt
$3.48B
Total Equity
$2.36B
Enterprise Value Sales
5.06x
Enterprise Value EBITDAOperating
11.31x
TEVNet Income
-71.78x
Debt TEV
0.46x
Three Year Compounded Annual Growth Rate Of Revenue
-5.17%
Five Year Compounded Annual Growth Rate Of Revenue
-13.4%
Non-Profit Donations & Grants
Political Donations
$2,500
2014
$500
2013
$2,500
2013
Investments
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Glass Mountain Pipeline LLC operates as an crude oil pipeline system. The company is headquartered in Tulsa, OK.

Suppliers
CHS, Inc. Livestock & Animals | Inver Grove Heights, MN

CHS, Inc. is an integrated agricultural company, which engages in the provision of grains, food, and energy resources to businesses and consumers on a global basis. It operates through the following business segments: Energy, Ag, Nitrogen Production, Foods, and Corporate and Other. The Energy segment produces and provides primarily for the wholesale distribution of petroleum products and transportation of products. The Ag segment purchases and further processes or resells grains and oilseeds originated by the country operations business. The Nitrogen Production segment consists solely of equity method investment in CF Nitrogen. The Corporate and Other represents financing and hedging businesses, which primarily consists of commodities hedging, financial services related to crop production, and insurance. The company was founded in 1929 and is headquartered in Inver Grove Heights, MN.

HollyFrontier Corporation Power & Utilities | Dallas, TX

HollyFrontier Corporation (NYSE: HFC) is among the largest independent petroleum refiners in the United States with operations throughout the mid-continent, southwestern and Rocky Mountain regions. Subsidiaries of HollyFrontier Corporation produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. The Company is headquartered in Dallas, Texas and operates five complex refineries with 443,000 barrels per day of crude oil processing capacity. Subsidiaries of HollyFrontier Corporation manufacture and market lubricants and specialty products through a subsidiary. Subsidiaries of HollyFrontier Corporation manufacture and market asphalt products and other heavy products at our five refineries and at our asphalt terminals in Arizona and New Mexico. The Company owns a 42% interest in Holly Energy Partners, L.P. (NYSE: HEP).

Phillips 66 Retail: Other | Houston, Texas

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.

Competitors
Magellan Midstream Partners LP Oil & Gas - Tulsa, Oklahoma

Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. It operates through the following segments: Refined Products, Crude Oil, and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Awards & Honors
Rank #37
2017
Fortune Magazine - The 100 Best Companies to Work For
Sponsored by Fortune Magazine
Rank #948
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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