Associated tags: NuStar Energy, NuSTAR, Energy, Gas, Oil, NS, NYSE, Other Energy, Utilities, Ammonia, Sustainability
Locations: HESS, CHEVRON, EUROPE, UNITED STATES, NORTH AMERICA, TEXAS, MEXICO
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Telescope Sunoco 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.
Key Points:
- Sunoco 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.
- According to preliminary results of the Special Meeting, approximately 69% of the outstanding common units of NuStar voted in favor of the transaction.
- The transaction is expected to close on or about May 3, 2024, subject to the satisfaction of customary closing conditions.
- As previously announced, upon completion of the transaction, NuStar common unitholders will receive 0.400 of a Sunoco common unit for each NuStar common unit.
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Cryptocurrency NuStar 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.
Key Points:
- NuStar 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 not having been terminated.
- The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar Energy L.P. has operations in the United States and Mexico.
- For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/ .
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Central Time 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.
Key Points:
- 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.
- NuStar unitholders are anticipated to receive Sunoco’s distributions for the first quarter of 2024 following the closing of the transaction.
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Schedule NuStar 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.
Key Points:
- NuStar 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.
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Partnership NuStar 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.
Key Points:
- NuStar 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.
- NuStar Energy L.P., through its subsidiaries (collectively, “NuStar” or the “Partnership”), is an independent liquids terminal and pipeline operator.
- For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/ .
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Friday, February 23, 2024
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Senate NuStar 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.
Key Points:
- NuStar 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.
- 7024 legislation that includes changes in tax law which would be applied retroactively to the 2023 tax year.
- 7024, NuStar will provide an update on the availability of the 2023 tax packages.
- For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/ .
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Security (finance) If you are an Akari shareholder, click here to learn more about your rights and options .
Key Points:
- If you are an Akari shareholder, click here to learn more about your rights and options .
- If you are a Hess shareholder, click here to learn more about your rights and options .
- Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
- Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.
Retrieved on:
Thursday, February 15, 2024
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Video game 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.
Key Points:
- 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.
- Distributable Cash Flow (DCF) was $87 million for the fourth quarter of 2023, compared to fourth quarter of 2022 adjusted DCF of $89 million.
- The Permian Crude System’s fourth quarter of 2023 volumes averaged 528,000 BPD, down compared to the fourth quarter of 2022 but up slightly from the third quarter of 2023.
Retrieved on:
Thursday, January 25, 2024
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NS NuStar 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.
Key Points:
- NuStar 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.
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Barclays Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and NuStar Energy L.P. (NYSE: NS) (“NuStar”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt.
Key Points:
- Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and NuStar Energy L.P. (NYSE: NS) (“NuStar”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt.
- Under the terms of the agreement, NuStar common unitholders will receive 0.400 Sunoco common units for each NuStar common unit, implying a 24% premium based on the 30-day VWAP’s of both NuStar and Sunoco as of January 19, 2024.
- Sunoco LP management will hold a conference call on Monday, January 22 at 10:00 a.m. Eastern Standard Time (9:00 a.m. Central Standard Time) to discuss the transaction.
- To participate, dial 877-407-6184 (toll free) or 201-389-0877 at least 10 minutes before the call and ask for the Sunoco LP conference call.
