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Nustar Energy L P - NS STOCK NEWS

Welcome to our dedicated news page for Nustar Energy L P (Ticker: NS), a resource for investors and traders seeking the latest updates and insights on Nustar Energy L P.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nustar Energy L P's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nustar Energy L P's position in the market.

Rhea-AI Summary
NuStar Energy L.P. (NS) has released its 2023 tax packages for common and preferred units, with online access and mailing details provided. The company operates pipelines and terminals storing various liquids in the US and Mexico.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
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Rhea-AI Summary
NuStar Energy L.P. (NYSE: NS) announces the availability of 2023 tax packages for preferred units online and the expected mailing date. Common unit tax packages are delayed until March 30, 2024. NuStar is an independent liquids terminal and pipeline operator with operations in the US and Mexico.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
none
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Rhea-AI Summary
NuStar Energy L.P. (NS) updates on the availability of 2023 tax packages due to pending legislation, with potential impact on taxable income. The tax packages may be delayed until around March 30, 2024, subject to the passage of H.R. 7024. Preferred units are unaffected, with K-1 packages expected by March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
none
Rhea-AI Summary
NuStar Energy L.P. (NS) announces strong Q4 and full-year 2023 results with net income of $70 million for Q4 and $274 million for full-year 2023. Adjusted net income for Q4 was $75 million and $233 million for the full year. EBITDA for Q4 was $199 million and $735 million for the full year. DCF for Q4 was $87 million and $354 million for the full year. Positive performance in Pipeline, Storage, and Fuels Marketing segments. Expectations for 2024 include net income of $220-$260 million and EBITDA of $720-$780 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
earnings
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Rhea-AI Summary
NuStar Energy L.P. (NS) declares a fourth quarter 2023 common unit distribution of $0.40 per unit and preferred unit distributions for Series A, B, and C. The company is an independent liquids terminal and pipeline operator with operations in the United States and Mexico, boasting approximately 9,500 miles of pipeline and 63 terminal and storage facilities. The release also addresses federal income tax withholding for foreign investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
Tags
earnings
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Rhea-AI Summary
Sunoco LP (NYSE: SUN) announced the acquisition of NuStar Energy L.P. (NYSE: NS) in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. NuStar common unitholders will receive 0.400 Sunoco common units for each NuStar common unit, implying a 24% premium. The transaction is expected to close in the second quarter of 2024 and has been unanimously approved by the board of directors of both companies. Sunoco has secured a $1.6 billion 364-day bridge term loan to refinance NuStar’s Series A, B and C Preferred Units, Subordinated Notes, Revolving Credit Facility, and Receivables Financing Agreement. The acquisition is expected to increase stability, strengthen the financial foundation, enhance growth, and have a positive financial outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
acquisition
Rhea-AI Summary
Sunoco LP (NYSE: SUN) announced the acquisition of NuStar Energy L.P. (NYSE: NS) in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. NuStar common unitholders will receive 0.400 Sunoco common units for each NuStar common unit, implying a 24% premium. The transaction is expected to close in the second quarter of 2024 and has been unanimously approved by the board of directors of both companies. Sunoco has secured a $1.6 billion 364-day bridge term loan to refinance NuStar’s Series A, B and C Preferred Units, Subordinated Notes, Revolving Credit Facility, and Receivables Financing Agreement. The acquisition is expected to increase stability, strengthen the financial foundation, enhance growth, and have a positive financial outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.25%
Tags
acquisition
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Rhea-AI Summary
Sunoco LP (NYSE: SUN) announced the acquisition of NuStar Energy L.P. (NYSE: NS) in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. NuStar common unitholders will receive 0.400 Sunoco common units for each NuStar common unit, implying a 24% premium. The transaction is expected to close in the second quarter of 2024 and has been unanimously approved by the board of directors of both companies. Sunoco has secured a $1.6 billion 364-day bridge term loan to refinance NuStar’s Series A, B and C Preferred Units, Subordinated Notes, Revolving Credit Facility, and Receivables Financing Agreement. The acquisition is expected to increase stability, strengthen the financial foundation, enhance growth, and have a positive financial outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.57%
Tags
acquisition
-
Rhea-AI Summary
Sunoco LP (SUN) has announced the acquisition of NuStar Energy L.P. (NS) in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. The deal will be finalized in the second quarter of 2024, pending approval from NuStar's unitholders and regulatory authorities. The acquisition aims to increase stability, strengthen the financial foundation, and enhance growth for Sunoco. It is expected to be immediately accretive with significant financial savings and synergies by the third year following the close.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
acquisition
Rhea-AI Summary
Sunoco LP (SUN) has announced the acquisition of NuStar Energy L.P. (NS) in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. The deal will be finalized in the second quarter of 2024, pending approval from NuStar's unitholders and regulatory authorities. The acquisition aims to increase stability, strengthen the financial foundation, and enhance growth for Sunoco. It is expected to be immediately accretive with significant financial savings and synergies by the third year following the close.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.25%
Tags
acquisition
Nustar Energy L P

NYSE:NS

NS Rankings

NS Stock Data

2.92B
113.80M
9.99%
63.5%
1.96%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
US
San Antonio

About NS

nustar energy l.p., a publicly traded master limited partnership based in san antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. nustar currently has 8,643 miles of pipeline and 87 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. the partnership’s combined system has approximately 97 million barrels of storage capacity, and nustar has operations in the united states, canada, mexico, the netherlands, including st. eustatius in the caribbean, the united kingdom and turkey.