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25 items- PRTortoise Announces Revision of Treatment of Constituent Changes Due to Corporate ActionOVERLAND PARK, KS / ACCESSWIRE / May 3, 2024 / Tortoise today announced a revision to the corporate action treatment for the Tortoise North American Pipeline IndexSM (TNAP). As previously stated, NuStar Energy LP (NYSE:NS) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by Sunoco LP (NYSE:SUN). Due to the acquisition, NS will be removed from indices at market open on Friday, May 3, 2024.For the Tortoise MLP Index® (TMLP), NS will be removed with a special rebalancing.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in
- PRTortoise Announces Constituent Changes Due to Corporate ActionOVERLAND PARK, KS / ACCESSWIRE / May 2, 2024 / Tortoise today announced that NuStar Energy LP (NYSE:NS) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by Sunoco LP (NYSE:SUN). Due to the acquisition, NS will be removed from indices at market open on Friday, May 3, 2024.For the Tortoise MLP Index® (TMLP), NS will be removed with a special rebalancing.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in which the resulting weight of a single constituent exceeds the index's 7.5% threshold and the target constituent weight
- NEWSSunoco LP And NuStar Energy L.P. Announced The Approval By Nustar Unitholders Of The Previously Announced Merger, Pursuant To Which Nustar Will Merge With And Into A Merger Subsidiary Of SunocoSunoco LP (NYSE:SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE:NS) ("NuStar" or "NS") announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501484326/en/NuStar's Special Meeting was held at 9:00 a.m. Central Time on May 1, 2024. According to preliminary results of the Special Meeting, approximately 69% of the outstanding common units of NuStar voted in favor of the transaction. NuStar will disclose the final vote result of the Special Meeting on a Form 8-K filed with th
- PRSunoco LP and NuStar Energy L.P. Announce NuStar's Unitholder Approval of the Sunoco TransactionSunoco LP (NYSE:SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE:NS) ("NuStar" or "NS") announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501484326/en/ NuStar's Special Meeting was held at 9:00 a.m. Central Time on May 1, 2024. According to preliminary results of the Special Meeting, approximately 69% of the outstanding common units of NuStar voted in favor of the transaction. NuStar will disclose the final vote result of the Special Meeting on a Form 8-K filed wit
- NEWSNuStar Energy Declares Conditional Special Distribution Of $0.212 Per UnitThe special distribution will be paid on May 2, 2024 to holders of record of NuStar Energy L.P. common units as of April 26, 2024. Payment of the special distribution is subject to and conditioned upon holders of NuStar Energy L.P.'s common units approving its previously announced acquisition by Sunoco LP (NYSE: SUN) at NuStar Energy L.P.'s special meeting, which will be held at 9:00 a.m. Central Time on May 1, 2024, and the merger agreement with respect to the acquisition not having been terminated.
- PRNuStar Energy L.P. Declares Conditional Special DistributionNuStar Energy L.P. (NYSE:NS) today announced that the board of directors of NuStar GP, LLC, the general partner of its general partner, has declared a special distribution of $0.212 per NuStar Energy L.P. common unit (the "special distribution"), to be paid on May 2, 2024 to holders of record of NuStar Energy L.P. common units as of April 26, 2024. Payment of the special distribution is subject to and conditioned upon holders of NuStar Energy L.P.'s common units approving its previously announced acquisition by Sunoco LP (NYSE:SUN) at NuStar Energy L.P.'s special meeting, which will be held at 9:00 a.m. Central Time on May 1, 2024, and the merger agreement with respect to the acquisition no
- NEWSSunoco And NuStar Energy Announce Expiration Of Hart-Scott-Rodino Act Waiting PeriodThe expiry is in connection with Sunoco's pending acquisition of NuStar. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction.
- PRSunoco LP and NuStar Energy L.P. Announce Expiration of Hart-Scott-Rodino Act Waiting PeriodDALLAS, April 9, 2024 /PRNewswire/ -- Sunoco LP (NYSE:SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE:NS) ("NuStar" or "NS") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with Sunoco's pending acquisition of NuStar. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction. A NuStar unitholder vote is scheduled for May 1, 2024 at 9:00 am Central Time. The details of the NuStar Special Meeting,
- PRNuStar Energy L.P.'s Common Unit 2023 Schedule K-1 Tax Packages Now AvailableNuStar Energy L.P. (NYSE:NS) today announced that the 2023 tax packages for common units, which include the Schedule K-1's, are available online at www.nustarenergy.com in the Investors section of the website. The partnership expects to begin mailing the 2023 tax packages the week of March 18, 2024. For additional information, NuStar Energy L.P. unitholders may call K-1 Tax Package Support toll free at (800) 310-6595 for common units, weekdays between 8 a.m. and 5 p.m. CT. The 2023 tax packages for preferred units, which include the Schedule K-1's for Series A, Series B and Series C preferred units, are also available online at www.nustarenergy.com in the Investors section of the website.
- PRNuStar Energy L.P.'s Preferred Unit 2023 Schedule K-1 Tax Packages Now AvailableNuStar Energy L.P. (NYSE:NS) today announced that the 2023 tax packages for preferred units, which include the Schedule K-1's for Series A, Series B and Series C preferred units, are available online at www.nustarenergy.com in the Investors section of the website. The partnership expects to begin mailing the 2023 tax packages on March 6, 2024. For additional information, NuStar Energy L.P. unitholders may call K-1 Tax Package Support toll free at (844) 364-7560 for Series A, Series B and Series C preferred units, weekdays between 8 a.m. and 5 p.m. CT. As discussed in the press release issued on February 23, 2024, NuStar currently expects that its 2023 tax packages for common units, includ
- PRNuStar Energy L.P.'s Update on Availability of 2023 Schedule K-1NuStar Energy L.P. (NYSE:NS) today provided an update on the expected availability of the Partnership's 2023 tax packages, which include the Schedule K-1 for common units. Historically, NuStar's tax packages have been available by the beginning of March for the preceding tax year; however, the timing of the availability of NuStar's 2023 tax packages is dependent upon actions of the U.S. Congress and the Biden administration with regard to the passage, or not, of the recently proposed H.R. 7024 legislation that includes changes in tax law which would be applied retroactively to the 2023 tax year. As currently written, certain provisions in H.R. 7024 would lower NuStar's taxable income for
- NEWSRaymond James Downgrades NuStar Energy to Market PerformRaymond James analyst Justin Jenkins downgrades NuStar Energy (NYSE:NS) from Outperform to Market Perform.
- NEWSNuStar Energy FY24 Outlook: Net Income $220M-$260M, EBITDA $720M-$780MPositive Outlook for 2024 Although the pending merger with Sunoco LP is expected to close as early as the second quarter of 2024, we want to provide our 2024 financial expectations for NuStar on a stand-alone basis. We expect to generate full-year 2024 net income in the range of $220 to $260 million and full-year 2024 EBITDA in the range of $720 to $780 million. NuStar once again expects to self-fund all of its operational expenses, growth capital and distributions, and continues to target a healthy year-end debt-to-EBITDA ratio below four times.
- NEWSNuStar Energy Q4 Adj. EPS $0.37 Beats $0.27 Estimate, Sales $451.69M Beat $433.69M EstimateNuStar Energy (NYSE:NS) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.27 by 37.04 percent. This is a 8.82 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $451.69 million which beat the analyst consensus estimate of $433.69 million by 4.15 percent. This is a 5.05 percent increase over sales of $429.96 million the same period last year.
- PRNuStar Energy L.P. Reports Solid Fourth Quarter and Full-Year 2023 Earnings ResultsNuStar Energy L.P. (NYSE:NS) today announced solid results for the fourth quarter and full-year 2023 fueled by strong revenues and volumes in its refined products pipelines and strong performance in its Fuels Marketing Segment. NuStar reported net income of $70 million for the fourth quarter of 2023, or $0.37 per unit, compared to net income of $92 million, or $0.18 per unit, for the fourth quarter of 2022. Results for the fourth quarter of 2022 include a gain from insurance proceeds to rebuild tanks at its Selby terminal. Earnings per unit (EPU) for the fourth quarter of 2022 also included a $0.31 per unit premium related to the repurchase of a portion of the Series D preferred units. Ex
- NEWSEarnings Scheduled For February 15, 2024Companies Reporting Before The Bell • Cognex (NASDAQ:CGNX) is estimated to report quarterly earnings at $0.10 per share on revenue of $188.59 million. • Cenovus Energy (NYSE:CVE) is likely to report quarterly earnings at $0.25 per share on revenue of $10.11 billion. • Wendy's (NASDAQ:WEN) is likely to report quarterly earnings at $0.23 per share on revenue of $546.97 million. • Agios Pharmaceuticals (NASDAQ:AGIO) is expected to report quarterly loss at $1.65 per share on revenue of $7.94 million. • Appian (NASDAQ:APPN) is estimated to report quarterly loss at $0.24 per share on revenue of $140.92 million. • Blueprint Medicines (NASDAQ:BPMC) is likely to report quarterly loss at $2.04 p
- NEWSNuStar Energy Earnings PreviewNuStar Energy (NYSE:NS) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement. Analysts estimate that NuStar Energy will report an earnings per share (EPS) of $0.27. NuStar Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.07, which was followed by a 0.5% drop in the share pri
- NEWSNuStar Energy: The Catalyst for Consistent Growth and Investor RewardsOn February 13, 2024, NuStar Energy (NYSE:NS) will distribute a dividend payout of $0.40 per share, equating to an annualized dividend yield of 7.66%. Shareholders who owned the stock before the ex-dividend date on February 06, 2024 will receive this payout. NuStar Energy Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child(even) {
- NEWSMonday Is Your Last Chance To Buy NuStar Energy Before The Dividend PayoutMonday marks the last chance for investors to receive the next dividend payout from NuStar Energy (NYSE:NS). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 40 cents per share. On Tuesday, NuStar Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 40 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own NS as of the end of Monday's session are eligible to receive the 40 cents dividend payout fo
- PRNuStar Energy L.P. Declares Fourth Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units DistributionsNuStar Energy L.P. (NYSE:NS) today announced that its Board of Directors has declared a fourth quarter 2023 common unit distribution of $0.40 per unit. The fourth quarter common unit distribution will be paid on February 13, 2024 to holders of record as of February 7, 2024. NuStar Energy L.P.'s Board of Directors also declared a fourth quarter 2023 Series A preferred unit distribution of $0.77533 per unit, a Series B preferred unit distribution of $0.70515 per unit and a Series C preferred unit distribution of $0.78246 per unit. The preferred unit distributions will be paid on March 15, 2024 to holders of record as of March 1, 2024. NuStar Energy L.P., through its subsidiaries (collecti
- NEWSNetflix To Rally Around 18%? Here Are 10 Top Analyst Forecasts For WednesdayTop Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc raised Texas Instruments Incorporated (NASDAQ:TXN) price target from $180 to $200. Keybanc analyst John Vinh maintained an Overweight rating. Texas Instruments shares fell 0.3% to close at $174.34 on Tuesday. See how other analysts view this stock. Raymond James increased the price target for Webster Financial Corporation (NYSE:WBS) from $57 to $60. Raymond James analyst Daniel Tamayo maintained an Outperform rating. Webster Financial shares fell 2.3% to close at $49.96 on Tuesday. See how
- NEWSStifel Downgrades NuStar Energy to Hold, Raises Price Target to $23Stifel analyst Selman Akyol downgrades NuStar Energy (NYSE:NS) from Buy to Hold and raises the price target from $20 to $23.
- NEWSEnphase Energy To Rally Over 35%? Here Are 10 Top Analyst Forecasts For TuesdayTop Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Deutsche Bank raised Constellium SE (NYSE:CSTM) price target from $21 to $24. Deutsche Bank analyst Corinne Blanchard maintained a Buy rating. Constellium shares gained 1.3% to close at $18.85 on Monday. See how other analysts view this stock. Goldman Sachs increased the price target for Zuora, Inc. (NYSE:ZUO) from $10 to $12. Goldman Sachs analyst Adam Hotchkiss upgraded the stock from Neutral to Buy. Zuora shares rose 3.2% to close at $8.84 on Monday. See how other analysts view this stock. Tru
- NEWSWells Fargo Upgrades NuStar Energy to Equal-Weight, Raises Price Target to $21Wells Fargo analyst Michael Blum upgrades NuStar Energy (NYSE:NS) from Underweight to Equal-Weight and raises the price target from $18 to $21.
- NEWSWhy CommScope Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Monday's Mid-Day SessionShares of CommScope Holding Company, Inc. (NASDAQ:COMM) fell sharply during Monday’s session. B of A Securities analyst Tal Liani downgraded CommScope from Neutral to Underperform and lowered the price target from $2.1 to $2. CommScope shares dipped 6.9% to $2.2150 on Monday. Here are some other stocks moving in today's mid-day session. Gainers Sagimet Biosciences Inc. (NASDAQ:SGMT) shares jumped 135% to $15.99 after the company announced denifanstat in the Phase 2b FASCINATE-2 clinical trial achieved statistically significant results on the primary and multiple secondary endpoints. Rail Vision Ltd. (NASDAQ:RVSN) surged 54.5% to $2.1173. Rail Vision said its main line system has suc
NS FAQ
7 questionsWhat does Nustar Energy L.P. do?
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined products, crude oil, and anhydrous ammonia. The Storage segment owns terminal and storage facilities, which offer storage, handling, and other services for petroleum products, crude oil, specialty chemicals, renewable fuels, and other liquids. This segment...Where does NS stock trade?
Nustar Energy L.P. (NS) is listed on NYSE.What sector and industry is NS in?
Nustar Energy L.P. operates in the Energy sector, Natural Gas Distribution industry.When did Nustar Energy L.P. go public?
Nustar Energy L.P. (NS) completed its IPO in n/a.What are analysts saying about NS?
Nustar Energy L.P. has had 8 recent analyst actions on file. The most recent action was from JP Morgan: Underweight with a $1900.00 price target on 2024-01-10. Recent price targets range from $1600.00 to $2000.00.What companies are similar to NS?
Notable peers in the same industry include ENB (Enbridge Inc), WMB (Williams Companies Inc.), EPD (Enterprise Products Partners L.P.), NGG (National Grid Transco PLC National Grid PLC (NEW)), TRP (TC Energy Corporation). Compare NS side-by-side with any of them on Quantisnow.How can I track NS on Quantisnow?
Quantisnow aggregates Nustar Energy L.P.'s SEC filings, analyst ratings, insider transactions, FDA approvals, and press releases the moment they hit the wire (Wall Street's wire, on your screen.). Follow NS to receive live email and push alerts on every new disclosure.