NuStar Energy L.P.
VLI
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- United States of America
- IPO Date
- Jan 3, 2000
- CIK
- 0000917684
- Website
- investor.nustarenergy.com
- Similar Companies
- Business
- NuStar Energy L.P. (NYSE: NS; formerly ticker VLI) operates as a leading independent master limited partnership focused on the transportation, storage, and terminalling of petroleum products, crude oil, refined products, renewable fuels, anhydrous ammonia, and specialty liquids. The company maintains approximately 9,000 miles of pipelines, including refined products pipelines serving major refineries such as those of Valero Energy Corporation; over 60 terminal and storage facilities with roughly 93 million barrels of combined storage capacity; and fuels marketing operations that involve purchasing and reselling gasoline, distillates, bunker fuel, and other petroleum products. Its infrastructure supports throughput of crude oil, gasoline, diesel, jet fuel, natural gas liquids, and blending additives, primarily targeting refiners, wholesalers, retailers, and commercial customers in the midstream energy sector. NuStar Energy conducts operations across the United States, with additional presence in Canada, Mexico, the Netherlands (including St. Eustatius in the Caribbean), and the United Kingdom. Founded in 2001 through a spin-off from Valero Energy Corporation (originally as Valero L.P., renamed NuStar in 2007), the company is headquartered in San Antonio, Texas. Operations are managed by NuStar GP, LLC, employing around 1,600 personnel globally. In a transformative development completed on May 3, 2024, NuStar Energy was acquired by Sunoco LP (NYSE: SUN) in an all-equity transaction valued at approximately $7.3 billion, including assumed debt, enhancing Sunoco's midstream portfolio with NuStar's pipeline and terminal assets. This acquisition, announced in January 2024 and unanimously approved by both boards, integrates NuStar as a subsidiary, bolstering Sunoco's network to over 14,000 miles of pipelines and 100+ terminals while projecting at least $150 million in synergies and 10%+ accretion to distributable cash flow per unit by the third year post-close. The deal diversifies Sunoco's operations across fuel distribution and energy infrastructure in over 40 U.S. states, Puerto Rico, Europe, and Mexico.