NuStar Energy LP (NS) News

NS commons had to hold as of 2/8-yesterday....
“NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a fourth quarter 2020 common unit distribution of $0.40 per unit. The fourth quarter common unit distribution will be paid on February 12, 2021 to holders of record as of February 8, 2021.”

I sold all my LP'S at the end of the year. Just tired of the K1 wait and then the corrections mid year.

I do own some others in the sector that are not limited partners.

Good luck! And best wishes!

Good to see NuStar continues dividend, but will they suffer major impact with Atlantic or Kestone pipeline being canceled ?

NuStar (NYSE:NS) declares $0.60/share quarterly dividend, in line with previous.

Forward yield 8.65%

Payable Feb. 14; for shareholders of record Feb. 10; ex-div Feb. 7.

Stayed the same and paid on Nov 14th

https://www.dividendinvestor.com/dividend-history-detail/ns/

What happened to the November dividend

This came in my inbox today from SA:

BP - Strong As Ever

Operating cash flows remain strong.
Upstream production remains flat in 3Q19.

I firmly believe that British Petroleum's (BP) latest financial results will not have any long-term negative impact on its stock price. In my earlier article, I had stated that British Petroleum's 3Q19 financial results will disappoint the market. And, I was right. BP's shares fell by 3% on Tuesday October 29th, after its 3Q19 earning results were declared. BP reported an underlying replacement cost profit (used as a proxy for net profit) of $2.25 billion for 3Q19, compared to $2.8 billion in 2Q19 and $3.8 billion in 3Q18.

LOL that is more info than I need to know!

he was to hand himself in on charges of market rigging.

NS seems to be in a slightly better situation. Currently I hold no shares here but was able to grab a nice little dividend this week by shorting puts. Been following NS for 3 years now.

I don't know anything about NS. But the whole sector's getting extra attention due to CHK's problems. CHK is a huge company with a ton of debt and its problems are rippling out.

You may recall CHK's CEO died in a fiery car crash in 2016 two hours before he was to hand himself in on charges of market rigging. Somehow his death was eventually ruled a suicide.

https://www.dailymail.co.uk/news/article-3473577/Former-Chesapeake-Energy-Corp-CEO-Aubrey-McClendon-dies-car-crash-just-hours-indicted-conspiracy-charges.html

I wouldn't compare CPK to NS! Today is Xdate for NS I was able to sell Puts on Monday and bought them back yesterday for 80% less than the credit I received! Did the same thing Last week with CVX and RDS/A. Better than having to own for receiving the dividend!

I do this with the stocks I would have no problem taking assignment ownership as well!

Chesapeake Energy (CHK) now encountering severe problems that may affect other energy stocks. BK likely according to some sources. Trading under a buck CHK has been a popular playtoy for the slobbering addicts.

NS going back into the 30's! Sold some 27.5 puts yesterday looks like I will be able to buy them back today!

Earnings out and looks like WS likes them! Been a 2 year wait looks like clear skys up ahead!

News: $NS Better Buy: Magellan Midstream Partners vs. NuStar Energy

NuStar Energy (NYSE: NS) is offering a generous 8.9% yield today. Magellan Midstream Partners ' (NYSE: MMP) yield is 6.1%, still notable but a lot lower. These two midstream oil and gas players will definitely entice dividend-focused investors . But dig a little deeper before you decid...

Read the whole news NS - Better Buy: Magellan Midstream Partners vs. NuStar Energy

News: $NS Alerian Index Series September 2019 Index Review

DALLAS , Sept. 13, 2019 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, September 20, 2019 . Alerian Midstream Energy Index (AMNA).  Buckeye Part...

Read the whole news NS - Alerian Index Series September 2019 Index Review

NuStar (NYSE:NS) declares $0.60/share quarterly dividend, in line with previous.
Forward yield 8.37%
Payable Aug. 13; for shareholders of record Aug. 7; ex-div Aug. 6.

News: $NS Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index

DALLAS , July 5, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 12, ...

Find out more Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index

News: $NS NuStar Energy L.P. Announces Agreement to Sell St. Eustatius Terminal for $250 Million and Reports First Quarter 2019 Earnings Results

Permian Crude System Volume Receipts Exit April at Over 380,000 BPD; Up 194% Since System Acquisition in May 2017 South Texas Crude Oil Pipeline System Volume Increases to Quarterly Average of 168,000 BPD NuStar Energy L.P. (NYSE: NS) today announced plans to sell its St....

Find out more https://marketwirenews.com/news-releases/nustar-energy-l-p-announces-agreement-to-sell-st-eustatius-terminal-for-250-million-and-reports-first-quarter-2019-earnings-results-8158944.html

News: $NS NuStar Energy L.P. Announces Agreement to Sell St. Eustatius Terminal for $250 Million

NuStar Energy L.P. (NYSE: NS) today announced plans to sell its St. Eustatius Terminal, reported the company’s first quarter 2019 earnings results and reviewed NuStar’s growth and growth projects, in the Permian and across its system. “Today, we are pleased to an...

Find out more https://marketwirenews.com/news-releases/nustar-energy-l-p-announces-agreement-to-sell-st-eustatius-terminal-for-250-million-8158946.html

I've been writing covered calls every month to lower my cost basis while I collect. I originally got in around 32, cost basis now down to 29 by writing out of the money calls each month .


This is headed back to the 30's later this year.

all aboard!

Thx for update..u r on the ball!!!glta!!!

NuStar (NYSE:NS) declares $0.60/share quarterly dividend, in line with previous.
Forward yield 8.81%
Payable May 14; for shareholders of record May 8; ex-div May 7.

NS making the slow but steady climb back to the 30's! Should be later in 2019!

US crude oil exports hit a record high last week
https://www.cnbc.com/2019/02/21/us-crude-oil-exports-hit-a-record-high-last-week.html

NuStar

NS seems to be coming back to life will be interesting to see how the next 2 quarters do?

can't say as I do? You can start one OMP looks interesting have raised their dividend in all of the last four quarters. Nice!

Do you know of any board for OMP?

Nice when that cash hits the register! I am there with ya...

Luv me some payday. Still under water on this!!!glta!!!

NuStar (NYSE:NS) declares $0.60/share quarterly dividend, in line with previous.
Forward yield 9.38%
Payable Feb. 13; for shareholders of record Feb. 8; ex-div Feb. 7.

NS likes the news and so do I!

NuStar Energy L.P. (NYSE: NS) today announced net income of $48 million for the third quarter of 2018, up 25% from $39 million in the third quarter of 2017. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $172 million, up $16 million or 10% from $156 million for the third quarter 2017.

NuStar Energy L.P.’s Board of Directors also declared a third quarter 2018 common unit distribution of $0.60 per unit. The third quarter common unit distribution will be paid on November 14, 2018 to holders of record as of November 8, 2018.

Divestiture Part of NuStar's Comprehensive Plan to Lower Debt and Deliver Strong, Sustainable Distribution Coverage
NuStar Energy L.P. (NYSE: NS) announced today that it has entered into an agreement to sell its European terminals and related assets to Inter Pipeline Ltd.’s European storage subsidiary, Inter Terminals Ltd., for $270 million. The operations include six liquids storage terminals in the United Kingdom and one facility in Amsterdam. The acquisition is expected to close in the fourth quarter of 2018, subject to normal closing adjustments.
"The decision to sell our European operations was difficult given that they are such high-quality assets with such outstanding employees. However, our European assets are not synergistic with our other operations and this divestiture is a critical step in the implementation of a comprehensive plan launched earlier this year to position NuStar to successfully de-lever and deliver strong, sustainable distribution coverage for the future," said NuStar President and CEO Brad Barron.
"We have experienced a fundamental shift in the Master Limited Partnership (MLP) sector this past year that required some transformative actions to ensure the long-term financial strength of the company. We have already taken the steps to simplify our corporate structure and eliminate the incentive distribution rights to lower our cost of capital and allow us to continue to build on the strength of our superior asset base with less dependence on the equity capital markets. This divestiture is a big step toward achieving the last component of our plan -- to significantly lower our debt to strengthen our balance sheet to position NuStar for long-term success.
"Inter Terminals currently has 16 terminals throughout Europe, including six in the United Kingdom, and we are pleased that our European employees will now have the opportunity to be a part of a strong company with operations that are more operationally and geographically synergistic with their core business. This should create more growth opportunities for the operations and more advancement opportunities for the employees," said Barron.
Wells Fargo Securities, LLC is serving as NuStar’s exclusive financial advisor on this transaction.

Looks like NS is finally making a comeback! Hope we see 30's by the end of the year...

NuStar Energy L.P.’s Board of Directors also declared a second quarter 2018 common unit distribution of $0.60 per unit. The second quarter common unit distribution will be paid on August 13, 2018 to holders of record as of August 7, 2018.

looks like 30's coming up over the horizon glad I was adding in the low 20's been a long wait but improving nicely!

slowly improving with each quarter! Nice!

all looking good still have a long climb to get back the lost ground!

NuStar Energy L.P. and NuStar GP Holdings, LLC Announce Earnings Results for First Quarter 2018
6:46 am ET April 26, 2018 (Dow Jones) Print

NuStar Energy L.P. and NuStar GP Holdings, LLC Announce Earnings Results for First Quarter 2018

Merger and Simplification on Track to Close in Second Quarter 2018

Finalized Strategic Growth Projects to Supply Refined Products to Mexico

Recently Closed on Immediately Accretive Pipeline and Terminal Acquisition

SAN ANTONIO--(BUSINESS WIRE)--April 26, 2018--

For the first quarter of 2018, NuStar Energy L.P.'s (NYSE: NS) (the "Partnership" or "NuStar" or "NS") net income applicable to common limited partners was $107 million, or $1.15 per unit, up 178% from $38 million, or $0.49 per unit for first quarter 2017, while earnings before interest, taxes, depreciation and amortization (EBITDA) were $250 million, up 62% from $154 million for first quarter 2017.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180426005566/en/

During the first quarter of 2018, the partnership received hurricane insurance proceeds of $87.5 million to fully cover the cost of repairing the property damage at its St. Eustatius terminal during 2017. While a gain of $79 million was reflected in the partnership's first quarter net income and EBITDA, NuStar stated that it is important to note that the gain will only be recognized in distributable cash flow (DCF) available to common limited partners as the proceeds are spent over the next couple of years to repair damage caused from the hurricane.

The partnership announced first quarter 2018 Series A, Series B and Series C preferred unit distributions of $0.53125 per unit, $0.47657 per unit and $0.56250 per unit, respectively, that will be paid on June 15, 2018 to holders of record as of June 1, 2018. In addition, a first quarter 2018 common unit distribution of $0.60 per unit will be paid on May 14, 2018 to holders of record as of May 8, 2018.

"Excluding the effect of the associated gain related to hurricane insurance proceeds, our strong first quarter results were primarily driven by contributions from our Permian Crude System and increased storage rates at some of our international storage facilities. In addition, we experienced improved results in our Fuels Marketing segment due to the streamlining efforts that we executed last year. Overall, the strength of our business was demonstrated this quarter as results in all three of our segments were up, quarter over quarter," said Brad Barron, President and Chief Executive Officer of NuStar Energy L.P. and NuStar GP Holdings, LLC.

Barron continued, "During our most recent earnings call in early February, we laid out a comprehensive, staged approach to best position NuStar for long-term financial strength and sustainable growth, which includes simplifying our structure, restoring our coverage, lowering our leverage and minimizing our need to access the equity capital markets. Since then, we have made substantial progress on our simplification. In mid-March, we filed a Form S-4 preliminary proxy statement to seek NuStar GP Holdings, LLC's unitholder approval and issue NS units to execute the simplification. We are in the process of responding to the SEC's comments to the Form S-4, and we expect to be positioned to schedule the unitholder vote and close by the end of the second quarter."

Strategic Growth Projects to Supply Refined Products to Mexico

Barron also announced that NuStar will be expanding its existing pipeline assets in South Texas, as well as its terminal in Nuevo Laredo, Mexico, with projects to supply refined products to growing markets in Mexico.

"For those of you who have followed NuStar over the years, you know that, since Mexico's energy reforms began, we have been excited about the new opportunities those reforms presented for us," Barron said. "Since then, we have worked to position NuStar to take advantage of these opportunities by utilizing our existing assets in South Texas and Mexico to supply products to the Mexico market, and I'm happy to say we have accomplished that.

"In support of this expansion, I am pleased to announce that we have signed several long-term T&D contracts with strong, creditworthy customers to support a series of healthy-return capital projects to connect to third-party rail facilities in Corpus Christi, expand certain South Texas products pipeline systems and expand our terminal in Nuevo Laredo.

"We expect to benefit from incremental revenue from these projects, starting as soon as late 2018, and we believe the Mexico market presents significant opportunities for future growth. And, I am proud of our team's perseverance and creativity in developing these projects, which we believe will establish NuStar as one of the primary logistics providers for this burgeoning market," said Barron.

Completed Purchase of Refined Products Pipeline and Terminal from CHS Inc.

Barron also stated that in mid-April, NuStar closed on an immediately accretive, $38 million acquisition of CHS' Council Bluffs system, consisting of a 227-mile pipeline and 18 storage tanks at a very attractive multiple.

"This bolt-on system is supported by long-term throughput and storage agreements and enhances our existing Central East System by increasing our overall system flexibility and allowing expansion into new markets, while at the same time enhancing our role as a key logistics provider to CHS," said Barron.

NuStar GP Holdings, LLC's Earnings Results for First Quarter 2018

NuStar GP Holdings, LLC (NYSE: NSH) (the "Company" or "NSH") today announced first quarter 2018 net income of $12 million, or $0.28 per unit, and DCF available to unitholders of $6 million.

The company also announced a first quarter 2018 distribution of $0.33 per unit that will be paid on May 16, 2018 to holders of record as of May 8, 2018. The NSH distribution was calculated assuming that NSH unitholders are expected to receive 0.55 units of NS for each NSH unit they own after the closing of the upcoming simplification transaction.

Makes sense Thanx

Yes x date was yesterday, new divy cut starts in May

They still have to pay out the buck this qtr correct?

OUCH for now!!!...Hoping for a quick recovery and a brighter future!!!!GLTA!!!

No doubt! They paid a healthy $1.095 dividend for eons. I owned them a few years ago in the $30s then it doubled up before dropping.

Theyre O&G, that always rebounds

Not a happy day to put it mildly!

The divies almost cut in half

Additionally, on February 8, 2018, and in anticipation of the merger, the Partnership announced that management of the Partnership anticipated recommending to the Partnership’s board of directors, and the board of directors expects to adopt, a reset of its quarterly distribution per common unit to $0.60 ($2.40 on an annualized basis), starting with the first-quarter distribution payable in May 2018. After giving effect to the issuance of Partnership common units in connection with the merger, this distribution reset is anticipated to reduce annual distribution outflow by approximately $200 million per year.

what a kick in the teeth!

well Poop looks like it's back to the drawing board with this one on todays news? This last div won't cover the damage going to need a bigger bandage ....

luv me some paydays!!!! Looks like this has a lot of upside from what I've seen from past historical charts...GLTA!!!

Oh how sweet it is!

NuStar (NYSE:NS) declares $1.095/share quarterly dividend, in line with previous.

Forward yield 12.57%

Payable Feb. 13; for shareholders of record Feb. 8; ex-div Feb. 7.

NS has been upgraded to a buy!

Stock is a Buy.

The technical condition of NS is improving as several of the pertinent indicators have turned positive and the stock appears to be under accumulation. Over the last 50 trading days, when compared to the S&P 500, the stock has performed in line with the market. The MACD-LT, is confirming that the intermediate-term trend is bullish at this time. NS's chart formation suggests an upward trend is beginning/ stock is in the early stages of a rising trend. A close above $26.85 is a number to watch to confirm a trend reversal. Momentum as measured by the 9-day RSI is gaining in strength. The stock is in a short-term overbought condition based on a Slow % K stochastic reading of 80 or higher. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that NS is under accumulation, which is a bullish condition. The stock is trading above a rising 50-day moving average which confirms the improving technical condition.