Private company

NuStar Energy L.P.

NuStar Energy L.P. is an American pipe lines, incorporated in Delaware.1 It is headquartered in San Antonio, Texas.1

Last updated Oct 20, 2026.

Overview

  • IndustryPipe Lines (No Natural Gas)1
  • HeadquartersSan Antonio, Texas1
  • Incorporated inDE2
  • Business address19003 Ih-10 West, San Antonio, Tx 782572
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

14.6%Operating margin4
2.4%Net margin4
9.2%Revenue growth, 20215

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Other costs97¢$1.6B
  • Income tax0¢$3.9M
  • Profit2¢$38.2M

Out of $1.6B in revenue.54

Where each dollar of operating cash went, fiscal 2021

  • Dividends paid35¢$175.3M
  • Kept or used elsewhere65¢$326.2M

Out of $501.5M of cash from operations.4

Financial statements

Revenue675$1.6B in 2021+12% since 2017
0$500.0M$1.0B$1.5B$2.0B2017: $1.4B$1.4B20172018: $1.5B$1.5B2018+5%2019: $1.5B$1.5B2019−1%2020: $1.5B$1.5B2020−1%2021: $1.6B$1.6B2021+9%
Operating income67584$236.5M in 2021−19% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $290.5M$290.5M20172018: $335.7M$335.7M2018+16%2019: $390.9M$390.9M2019+16%2020: $209.1M$209.1M2020−47%2021: $236.5M$236.5M2021+13%
Net income67584$38.2M in 2021−74% since 2017
-$200.0M0$200.0M$400.0M2017: $148.0M$148.0M20172018: $205.8M$205.8M2018+39%2019: -$105.7M-$105.7M20192020: -$199.0M-$199.0M2020+88%2021: $38.2M$38.2M2021
Fiscal year20172018201920202021
Revenue$1.4B6$1.5B7$1.5B5$1.5B5$1.6B5
Cost of revenue
Operating expenses$1.4B4
Operating income$290.5M6$335.7M7$390.9M5$209.1M8$236.5M4
Income before tax$42.1M5
Income tax$7.8M6$10.2M7$4.8M5$2.7M8$3.9M4
Net income$148.0M6$205.8M7-$105.7M5-$199.0M8$38.2M4

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Corporate structure

NuStar Energy L.P. sits at the top of its group. 26 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NuStar Energy L.P.

  • Invesco Filed SC 13G/A on NuStar Energy L.P., latest Jun 7, 2024 (4 filings since Feb 10, 2022)
  • ALPS ADVISORS INC Filed SC 13G/A on NuStar Energy L.P., latest Feb 5, 2024 (3 filings since Feb 3, 2022)
  • TORTOISE CAPITAL ADVISORS, L.L.C. Filed SC 13G on NuStar Energy L.P., latest Feb 13, 2023 (2 filings since Feb 11, 2022)
  • EIG Nova Equity Aggregator, L.P. Filed SC 13D/A on NuStar Energy L.P., latest Nov 22, 2022
  • NuStar Energy L.P. San Antonio, Texas
    • Cöoperatie NuStar Holdings U.A. Subsidiary · Netherlands
    • LegacyStar Services, LLC Subsidiary · Delaware, United States
    • NS Security Services, LLC Subsidiary · Delaware, United States
    • NuStar Energy Services, Inc. Subsidiary · Delaware, United States
    • NuStar Finance LLC Subsidiary · Delaware, United States
    • NuStar GP Holdings, LLC Subsidiary · Delaware, United States
    • NuStar GP, Inc. Subsidiary · Delaware, United States
    • NuStar Holdings B.V. Subsidiary · Netherlands
    • NuStar Internacional, S. de R.L. de C.V. Subsidiary · Mexico
    • NuStar Logistics, L.P. Subsidiary · Delaware, United States
    • NuStar Permian Crude Logistics, LLC Subsidiary · Delaware, United States
    • NuStar Permian Holdings, LLC Subsidiary · Delaware, United States
    • NuStar Permian Transportation and Storage, LLC Subsidiary · Delaware, United States
    • NuStar Pipeline Company, LLC Subsidiary · Delaware, United States
    • NuStar Pipeline Holding Company, LLC Subsidiary · Delaware, United States
    • NuStar Pipeline Operating Partnership L.P. Subsidiary · Delaware, United States
    • NuStar Pipeline Partners L.P. Subsidiary · Delaware, United States
    • NuStar Services Company LLC Subsidiary · Delaware, United States
    • NuStar Supply & Trading LLC Subsidiary · Delaware, United States
    • NuStar Terminals Delaware, Inc. Subsidiary · Delaware, United States
    • NuStar Terminals Operations Partnership L.P. Subsidiary · Delaware, United States
    • NuStar Terminals Services, Inc. Subsidiary · Delaware, United States
    • Riverwalk Logistics, L.P. Subsidiary · Delaware, United States
    • Shore Terminals LLC Subsidiary · Delaware, United States
    • Star Creek Ranch, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NuStar Energy L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$66.8M4 Dec 31, 2023$68.2M4 Dec 31, 2022−2.0%
Operating-lease assets (leased space)$143.9M4 Dec 31, 2023$62.7M4 Dec 31, 2022+129.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.8M4 Dec 31, 2023$14.5M4 Dec 31, 2022−80.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$732.4M4 Dec 31, 2023$732.4M4 Dec 31, 20220%
Intangible assets, net (excluding goodwill)$476.1M4 Dec 31, 2023$513.7M4 Dec 31, 2022−7.3%
Finite-lived intangibles, gross$728.4M4 Dec 31, 2023$796.3M4 Dec 31, 2022−8.5%
Accumulated amortization$252.3M4 Dec 31, 2023$282.6M4 Dec 31, 2022−10.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$18.6M4 Dec 31, 2023$15.4M4 Dec 31, 2022+21.0%

Leadership

Who has led NuStar Energy L.P., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Curt Anastasio2006–2013
  2. Bradley C. Barron2014–2024

Chair

  1. Bradley C. Barron2022–2024

President

  1. Curt Anastasio2006–2013
  2. Bradley C. Barron2014–2024

Chief financial officer

  1. Steven A. Blank2006–2014
  2. Thomas R. Shoaf2014–2024

Chief operating officer

  1. Douglas W. Comeau2012–2013
2010201520202025
Board members and other officers (28)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Cöoperatie NuStar Holdings U.A. Netherlands3
  • LegacyStar Services, LLC Delaware3
  • NS Security Services, LLC Delaware3
  • NuStar Energy Services, Inc. Delaware3
  • NuStar Finance LLC Delaware3
  • NuStar GP Holdings, LLC Delaware3
  • NuStar GP, Inc. Delaware3
  • NuStar GP, LLC Delaware3
  • NuStar Holdings B.V. Netherlands3
  • NuStar Internacional, S. de R.L. de C.V. Mexico3
  • NuStar Logistics, L.P. Delaware3
  • NuStar Permian Crude Logistics, LLC Delaware3
  • NuStar Permian Holdings, LLC Delaware3
  • NuStar Permian Transportation and Storage, LLC Delaware3
  • NuStar Pipeline Company, LLC Delaware3
  • NuStar Pipeline Holding Company, LLC Delaware3
  • NuStar Pipeline Operating Partnership L.P. Delaware3
  • NuStar Pipeline Partners L.P. Delaware3
  • NuStar Services Company LLC Delaware3
  • NuStar Supply & Trading LLC Delaware3
  • NuStar Terminals Delaware, Inc. Delaware3
  • NuStar Terminals Operations Partnership L.P. Delaware3
  • NuStar Terminals Services, Inc. Delaware3
  • Riverwalk Logistics, L.P. Delaware3
All 26 listed subsidiaries
  • Shore Terminals LLC Delaware3
  • Star Creek Ranch, LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • VALERO L PFeb 7, 2002 to Mar 29, 20072
  • SHAMROCK LOGISTICS LPOct 11, 2000 to Jan 10, 20022

Timeline

  1. Jun 5, 20248-K Entered a material agreement; New debt or obligation; Listing notice or transfer47
  2. May 3, 20248-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer48
  3. May 2, 20248-K Shareholder vote; Regulation FD disclosure49
  4. Apr 29, 20248-K Shareholder vote50
  5. Apr 22, 20248-K Other events51
  6. Apr 15, 20248-K Other events52
  7. Apr 9, 20248-K Other events53
  8. Feb 15, 20248-K Results of operations54
  9. Jan 22, 20248-K Regulation FD disclosure55
  10. Jan 22, 20248-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed56
  11. Dec 5, 20238-K Regulation FD disclosure57
  12. Nov 2, 20238-K Results of operations58
  13. Jan 28, 2014New chief executive Bradley C. Barron becomes CEO15
  14. Jan 25, 2006New chief executive Curt Anastasio becomes CEO16

Calendar

When it reported results

  1. Feb 15, 2024Reported quarterly or annual results54
  2. Nov 2, 2023Reported quarterly or annual results58
  3. Aug 3, 2023Reported quarterly or annual results59
  4. May 4, 2023Reported quarterly or annual results60
  5. Feb 1, 2023Reported quarterly or annual results61
  6. Nov 3, 2022Reported quarterly or annual results62
  7. Aug 4, 2022Reported quarterly or annual results63
  8. May 5, 2022Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

195 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 45 major events, 82 insider forms, 10 large holders, 47 other. The latest 20:

  1. Jun 13, 202415-12G EDGAR
  2. Jun 7, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  3. Jun 5, 20248-K EDGAR
  4. May 13, 202415-12G EDGAR
  5. May 8, 2024EFFECT EDGAR
  6. May 8, 2024EFFECT EDGAR
  7. May 8, 2024EFFECT EDGAR
  8. May 8, 2024EFFECT EDGAR
  9. May 8, 2024EFFECT EDGAR
  10. May 3, 20248-K EDGAR
  11. May 3, 2024POSASR EDGAR
  12. May 3, 2024POSASR EDGAR
  13. May 3, 2024POSASR EDGAR
  14. May 3, 2024POSASR EDGAR
  15. May 3, 2024POSASR EDGAR
  16. May 3, 2024POS AM EDGAR
  17. May 3, 2024POS AM EDGAR
  18. May 3, 2024POSASR EDGAR
  19. May 3, 2024POS AM EDGAR
  20. May 3, 2024POS AM EDGAR

The 195 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 18, 2022GREEHEY WILLIAM EDirectorBuy110,299$15.81$1.7MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How NuStar Energy L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNuStar Energy L.P.1
  • CIK0001110805
  • Employer ID (EIN)74-29568311
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4610 Pipe Lines (No Natural Gas)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address19003 Ih-10 West, San Antonio, TX 782571
  • Phone(210) 918-20001
  • Shares outstanding126,535,349 as of Apr 26, 202411
  • Public float$1.7B as of Jun 30, 20234
  • On EDGAR sinceAug 14, 20001
  • Filings1,743 in all: 4 (939), 8-K (379), 10-Q (70), 3 (35), SC 13G/A (30), 424B5 (24), 10-K (23), 424B3 (22)1
    All 48 form types

    425 (20), FWP (14), SC 13G (14), UPLOAD (13), CORRESP (11), 8-K/A (10), DEFA14A (10), DEF 14A (9), EFFECT (9), S-8 (9), S-8 POS (9), 4/A (8), 5 (8), SC 13D (8), POS AM (7), POSASR (6), S-3ASR (6), S-1/A (5), S-3 (5), S-4/A (5), 8-A12B (4), CERTNYS (4), S-4 (3), SC 13D/A (3), 10-K/A (2), 15-12G (2), 25-NSE (2), 305B2 (2), 424B1 (2), 10-Q/A (1), 424B4 (1), 424B7 (1), CT ORDER (1), DEFM14A (1), DEL AM (1), POS EX (1), PRE 14A (1), PRER14A (1), S-1 (1), S-1MEF (1)

  • Latest filingsAnnual report (10-K) Feb 22, 2024
    Quarterly report (10-Q) Apr 29, 2024
    Proxy statement (DEF 14A) Mar 6, 2024
    Latest 8-K (8-K) Jun 5, 2024

Sources

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