- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- San Antonio DE United States of America
- IPO Date
- Jan 29, 2013
- Business
- NuStar Logistics, L.P. (NYSE: NSS) operates as a subsidiary of Sunoco LP and provides midstream energy services, including the terminalling, storage, and transportation of petroleum products; transportation of anhydrous ammonia; and refining and marketing of asphalt and certain refined products. The company conducts its operations through three primary segments: Storage, which encompasses terminal and storage facilities offering services such as storage, handling, blending, filtering, pilotage, tug assistance, and other ship services for petroleum products, specialty chemicals, crude oil, and other liquids; Transportation, which involves pipelines transporting refined petroleum products, crude oil, and anhydrous ammonia; and Asphalt and Fuels Marketing, which refines crude oil to produce asphalt and other refined products while purchasing crude oil and refined petroleum for resale. NuStar Logistics serves producers of crude oil, integrated oil companies, chemical companies, oil traders, refiners, farm cooperatives, railroads, and road and bridge construction companies, with operations spanning the United States, including key regions in Texas, Oklahoma, and the Permian Basin, as well as historic international presence in Canada, Mexico, the Netherlands, the Caribbean, and the United Kingdom prior to asset sales. Founded in 1999 and headquartered in San Antonio, Texas, the company maintains approximately 8,700 miles of pipeline and 79 terminals with 93 million barrels of storage capacity. In a major recent development, NuStar Logistics became part of Sunoco LP following Sunoco's completion of its $7.3 billion all-equity acquisition of NuStar Energy L.P. in May 2024, which included the assumption of subordinated notes associated with NSS and generated expected synergies of at least $150 million annually in expenses and commercial operations by the third year post-close. Sunoco also announced the full redemption of NuStar Logistics subordinated notes and purchase of related preferred units in conjunction with the transaction.