Edition:
United States

Profile: NuStar Energy LP (NS)

NS on New York Consolidated

31.30USD
14 Dec 2017
Change (% chg)

$0.62 (+2.02%)
Prev Close
$30.68
Open
$30.55
Day's High
$31.73
Day's Low
$30.55
Volume
255,358
Avg. Vol
423,062
52-wk High
$55.64
52-wk Low
$26.21

NuStar Energy L.P., incorporated on December 7, 1999, is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company's segments include pipeline, storage and fuels marketing. The Company conducts its operations through its subsidiaries, primarily NuStar Logistics, L.P. (NuStar Logistics) and NuStar Pipeline Operating Partnership L.P. (NuPOP). As of May 4, 2017, it had more than 9,200 miles of pipeline and 81 terminal and storage facilities that provide approximately 96 million barrels of storage capacity.

Pipeline

The Company's pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia. As of December 31, 2016, the Company owned and operated refined product pipelines with an aggregate length of 3,140 miles and crude oil pipelines with an aggregate length of 1,230 miles in Texas, Oklahoma, Kansas, Colorado and New Mexico (collectively, the Central West System); a 1,920-mile refined product pipeline originating in southern Kansas and terminating at Jamestown, North Dakota, with a western extension to North Platte, Nebraska and an eastern extension into Iowa (the East Pipeline); a 450-mile refined product pipeline originating at Tesoro Corporation's (Tesoro) Mandan, North Dakota refinery and terminating in Minneapolis, Minnesota (the North Pipeline), and a 2,000-mile anhydrous ammonia pipeline originating at the Louisiana delta area that travels north through the Midwestern United States forking east and west to terminate in Nebraska and Indiana (the Ammonia Pipeline).

As of December 31, 2016, the Central West System covered a total of 4,370 miles, including refined product and crude oil pipelines. The refined product pipelines have an aggregate length of 3,140 miles (Central West Refined Products Pipelines) and transport gasoline, distillates (including diesel and jet fuel), natural gas liquids and other products produced at the refineries to which they are connected, including Valero Energy Corporation's (Valero Energy) McKee and Three Rivers refineries. The crude oil pipelines have an aggregate length of 1,230 miles (Central West Crude Oil Pipelines). Its crude oil pipelines transport crude oil and other feedstocks to the refineries to which they are connected, including Valero Energy's McKee, Three Rivers and Ardmore refineries, or from the Eagle Ford Shale region to its North Beach marine terminal and to its customers' refineries in Corpus Christi, Texas.

As of December 31, 2016, the Central East System covered a total of 4,370 miles and consisted of the East Pipeline, North Pipeline and Ammonia Pipeline. The East Pipeline covers 1,920 miles and moves refined products and natural gas liquids north in pipelines ranging in diameter from 6 inches to 16 inches to NuStar Energy and third party terminals along the system and to receiving pipeline connections in Kansas. The North Pipeline originates at Tesoro's Mandan, North Dakota refinery and runs from west to east for approximately 450 miles to its termination in the Minneapolis, Minnesota area. The East and North Pipelines include 21 truck-loading terminals through which refined petroleum products are delivered to storage tanks and then loaded into petroleum product transport trucks. The Ammonia Pipeline originates in the Louisiana delta area, where it connects to three third-party marine terminals and three anhydrous ammonia plants on the Mississippi River. The Ammonia Pipeline is connected to multiple third-party-owned terminals, which include industrial facility delivery locations.

Storage

The Company's storage segment consists of facilities that provide storage, handling and other services for petroleum products, crude oil, specialty chemicals and other liquids. As of December 31, 2016, the Company owned and operated 40 terminal and storage facilities in the United States and one terminal in Nuevo Laredo, Mexico, with total storage capacity of 53.2 million barrels; a terminal on the island of St. Eustatius with tank capacity of 14.4 million barrels and a transshipment facility; a terminal located in Point Tupper, Canada with tank capacity of 7.8 million barrels and a transshipment facility, and Six terminals located in the United Kingdom and one terminal located in Amsterdam, the Netherlands, with total storage capacity of approximately 9.5 million barrels.

As of December 31, 2016, the Company owned and operated a 14.4 million barrel petroleum storage and terminalling facility located on the island of St. Eustatius in the Caribbean. The St. Eustatius facility handles a range of petroleum products, including crude oil and refined products, and it can accommodate ultra large crude carriers (ULCCs) for loading and discharging crude oil and other petroleum products. As of December 31, 2016, the Company owned and operated crude oil storage tanks with an aggregate storage capacity of 10.9 million barrels that are physically integrated with and serve refineries owned by Valero Energy at Corpus Christi and Texas City, Texas and Benicia, California. Its St. James terminal, which is located on the Mississippi River near St. James, Louisiana, had a total storage capacity of 9.9 million barrels as of December 31, 2016. The St. James terminal also has two unit train rail facilities and a manifest rail facility, which are served by the Union Pacific Railroad. As of December 31, 2016, the Company owned and operated a 7.8 million barrel terminalling and storage facility located at Point Tupper on the Strait of Canso, near Port Hawkesbury, Nova Scotia. Its Linden terminal facility has two terminals that provide deep-water terminalling capabilities in the New York Harbor and primarily stores petroleum products, including gasoline, jet fuel and fuel oils. As of December 31, 2016, its Amsterdam terminal has a total storage capacity of 3.8 million barrels. This facility is located at the Port of Amsterdam and primarily stores petroleum products, including gasoline, diesel and fuel oil. As of December 31, 2016, the Company owned and operated a 3.2 million barrel crude oil storage and terminalling facility located at the Port of Corpus Christi in Texas.

Fuels Marketing

The Company's fuels marketing segment involve the purchase of crude oil, fuel oil, bunker fuel, fuel oil blending components and other refined products for resale. The Company utilizes storage assets, including its own terminals and rail unloading facilities, at its St. James, Texas City and St. Eustatius terminals. Within its fuels marketing operations, it purchases crude oil and refined petroleum products for resale. It caters to ship owners, including cruise line companies.

The Company competes with Magellan Midstream Partners, L.P.

Company Address

NuStar Energy LP

19003 W Interstate 10
SAN ANTONIO   TX   78257-9518
P: +1210.9182000
F: +1302.6555049

Company Web Links