NuStar Energy LP Stock Research

Market Summary

USD16.83+0.50

Delayedas of 01 Jun 2023, 03:16 pm

3.06%

NS Stock Price

NS RSI Chart

NS Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

8.53

Price/Sales (Trailing)

8.41

EV/EBITDA

9.47

Price/Free Cashflow

3.6

NS Price/Sales (Trailing)

NS Profitability

Return on Assets

4.48%

Free Cashflow Yield

27.76%

NS Fundamentals

NS Revenue

Revenue (TTM)

226.0M

Revenue Y/Y

107.98%

Revenue Q/Q

51.51%

NS Earnings

Earnings (TTM)

222.7M

Earnings Y/Y

59.26%

Earnings Q/Q

53.61%

Price Action

52 Week Range

12.1917.75

(Low)(High)

Last 7 days

-4.0%

Last 30 days

1.9%

Last 90 days

Trailing 12 Months

7.2%

NS Financial Health

Current Ratio

1.04

Debt/Cashflow

0.16

NS Investor Care

Shares Dilution (1Y)

0.68%

Peers (Alternatives to NuStar Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ENB	71.3B	53.3B	-11.02%	-21.35%	23.74	1.34	13.25%	-51.48%
ET	40.6B	88.4B	-3.95%	13.58%	8.97	1.48	24.63%	33.29%
KMI	36.1B	18.8B	-5.79%	-15.60%	14.1	1.92	19.77%	145.68%
MPLX	34.3B	11.7B	-2.25%	5.86%	8.45	2.93	13.77%	28.42%
MMP	12.8B	3.4B	7.69%	21.24%	12.39	3.78	22.28%	5.54%
MID-CAP
PAA	9.4B	56.0B	0.23%	17.84%	7.41	0.17	18.15%	255.31%
SHLX	6.2B	-	-0.06%	40.52%	11.59	12.52	-	-
PAGP	2.4B	56.0B	1.42%	18.00%	21.35	0.04	18.15%	1553.85%
HEP	2.4B	570.6M	4.50%	-6.08%	11.92	4.83	17.04%	12.31%
DKL	2.0B	1.1B	14.20%	4.02%	13.01	1.9	42.53%	-6.64%
SMALL-CAP
NS	1.9B	226.0M	1.87%	7.18%	8.53	8.41	436.62%	482.73%
PBFX	1.2B	361.7M	-5.36%	88.83%	8.18	3.45	1.81%	7.56%
SMLP	202.8M	369.6M	0.26%	-17.49%	-1.71	0.51	-7.74%	-284.00%
BKEP	193.9M	-	1.54%	47.16%	5.61	1.64	-	-

Financials for NuStar Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	122.0%	226	-1,025	-674	-669	42.00
S&GA Expenses	0.5%	117	117	116	116	113
Costs and Expenses	-1.2%	1,274	1,290	1,480	1,470	1,382
EBITDA	-2.1%	503	514	-	-	-
EBITDA Margin	-2.1%	0.31*	0.32*	-	-	-
Earnings Before Taxes	-	42.00	-	-	-	-
EBT Margin	0%	0.03*	0.03*	-	-	-
Net Income	18.1%	223	189	4.00	8.00	38.00
Net Income Margin	635.8%	0.99*	-0.18*	0.00*	-	-
Free Cahsflow	3.8%	528	508	510	502	-

Balance Sheet
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.6%	4,973,686,000	5,002,980,000	5,024,661,000	5,129,925,000	5,156,332,000
Current Assets	7.6%	203,924,000	189,552,000	195,299,000	271,772,000	184,542,000
Cash Equivalents	92.1%	14,489,000	7,544,000	4,341,000	8,398,000	5,637,000
Inventory	1.0%	15,397,000	15,249,000	14,793,000	19,310,000	16,644,000
Goodwill	0%	732,356,000	732,356,000	732,356,000	732,356,000	732,356,000
Liabilities	5.1%	3,624,400,000	3,446,897,000	3,454,270,000	3,586,642,000	3,558,068,000
Current Liabilities	-17.0%	196,467,000	236,628,000	181,524,000	277,606,000	214,726,000
Long Term Debt	7.3%	3,293,415,000	3,068,055,000	3,137,275,000	3,168,425,000	3,183,555,000

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	3.8%	528	508	510	502	501
Cashflow From Investing	-157.4%	-84.36	147	153	81.00	76.00
Cashflow From Financing	33.7%	-434	-656	-682	-599	-725
Dividend Payments	0.2%	176	176	176	175	175
Buy Backs	-	222	-	-	-	-

Risks for NS

What is the probability of a big loss on NS?

84.2%

Probability that NuStar Energy stock will be more than 20% underwater in next one year

40.8%

Probability that NuStar Energy stock will be more than 30% underwater in next one year.

36.1%

Probability that NuStar Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if NuStar Energy was unfortunately bought at previous high price.

Drawdowns

Returns for NS

Cumulative Returns on NS

-1.2%

10-Year Cumulative Returns

-6.4%

7-Year Cumulative Returns

0.3%

5-Year Cumulative Returns

7.0%

3-Year Cumulative Returns

What are the long-term rolling returns for NS?

FIve years rolling returns for NuStar Energy.

Annualized Returns

Which funds bought or sold NS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Front Row Advisors LLC	unchanged	-	-1,000	23,000	0.01%
2023-05-18	JPMORGAN CHASE & CO	added	14.16	2,848,000	27,413,000	-%
2023-05-17	Sunbelt Securities, Inc.	new	-	11,223	11,223	-%
2023-05-17	B. Riley Wealth Advisors, Inc.	reduced	-9.69	-27,405	206,354	-%
2023-05-17	Advisory Services Network, LLC	unchanged	-	-108	4,692	-%
2023-05-16	JANE STREET GROUP, LLC	reduced	-39.11	-559,824	823,024	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	379	700,531	890,291	-%
2023-05-16	DIVIDEND ASSETS CAPITAL, LLC	unchanged	-	-	66,000	0.01%
2023-05-16	IMA Wealth, Inc.	sold off	-100	-5,120	-	-%
2023-05-16	Rockefeller Capital Management L.P.	added	15.11	41,000	370,000	-%

Latest Funds Activity

Are funds buying NS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own NS

No. of Funds

NuStar Energy News

Schedule 13G FIlings of NuStar Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	alps advisors inc	13.46%	14,852,307	SC 13G/A
Feb 13, 2023	tortoise capital advisors, l.l.c.	3.7%	4,031,032	SC 13G
Jan 10, 2023	invesco ltd.	18.8%	20,686,215	SC 13G/A
Nov 22, 2022	eig nova equity aggregator, l.p.	9.59%	11,706,339	SC 13D/A
Feb 11, 2022	tortoise capital advisors, l.l.c.	6.6%	7,224,258	SC 13G
Feb 10, 2022	invesco ltd.	13.7%	14,978,703	SC 13G/A
Feb 03, 2022	alps advisors inc	11.75%	12,872,499	SC 13G/A
Feb 12, 2021	invesco ltd.	10.3%	11,259,769	SC 13G/A
Feb 12, 2021	tortoise capital advisors, l.l.c.	5.7%	6,255,169	SC 13G/A
Feb 09, 2021	alps advisors inc	11.40%	12,448,116	SC 13G/A

NS Fair Value

Show Fair-Value

Recent SEC filings of NuStar Energy

View All Filings

Date Filed	Form Type	Document
May 23, 2023	8-K	Current Report
May 17, 2023	4	Insider Trading
May 05, 2023	10-Q	Quarterly Report
May 04, 2023	8-K	Current Report
May 02, 2023	S-8	Employee Benefits Plan
Apr 28, 2023	8-K	Current Report
Mar 24, 2023	8-K	Current Report
Mar 09, 2023	DEFA14A	DEFA14A
Mar 09, 2023	DEF 14A	DEF 14A
Feb 27, 2023	8-K	Current Report

Latest Insider Trading transactions for NS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-16	Perry Amy L.	gifted	-	-	-911	evp, sd & gen counsel
2023-02-15	Wade Suzanne Allford	acquired	-	-	7,189	-
2023-01-26	Oliver Daniel S.	sold (taxes)	-88,287	17.19	-5,136	evp-bus dev & engineering
2023-01-26	Shoaf Thomas R	acquired	-	-	16,765	evp & cfo
2023-01-26	del Alamo Jorge A.	acquired	-	-	6,122	svp and controller
2023-01-26	Shoaf Thomas R	sold (taxes)	-113,540	17.19	-6,605	evp & cfo
2023-01-26	Brown Mary Rose	acquired	-	-	16,552	evp & cao
2023-01-26	del Alamo Jorge A.	sold (taxes)	-44,917	17.19	-2,613	svp and controller
2023-01-26	Barron Bradley C	sold (taxes)	-465,093	17.19	-27,056	chairman, ceo & president
2023-01-26	Brown Mary Rose	sold (taxes)	-118,009	17.19	-6,865	evp & cao

About NuStar Energy

Bradley C. Barron

www.nustarenergy.com

1270

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; and pilotage, tug assistance, line handling, launch, emergency response, and other ship services. The Fuels Marketing segment is involved in bunkering operations in the Gulf Coast; blending operations; and purchase of petroleum products for resale. As of December 31, 2021, it had 3,205 miles of refined product pipelines and 2,230 miles of crude oil pipelines in Texas, Oklahoma, Kansas, Colorado, and New Mexico; a 2,050-mile refined product pipeline originating in southern Kansas and terminating at Jamestown, North Dakota; a 450-mile refined product pipeline originating at Marathon Petroleum Corporation's Mandan, North Dakota refinery and terminating in Minneapolis, Minnesota; a 2,000-mile anhydrous ammonia pipeline; and 29 terminal and storage facilities, which offer approximately 44.2 million barrels of storage capacity. The company was incorporated in 1999 and is headquartered in San Antonio, Texas.

NS Income Statement

2023-03-31

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Impairment loss	$ 0	$ 46,122
General and administrative expenses (excluding depreciation and amortization expense)	28,725	27,071
Other depreciation and amortization expense	1,555	1,824
Total costs and expenses	274,957	351,437
Gain on sale of assets	41,075	0
Operating income	159,985	58,426
Income before income tax expense (benefit)	107,123	12,279
Net income	105,936	12,312
Costs and expenses:
Interest expense, net	(57,371)	(49,818)
Other income, net	4,509	3,671
Income tax expense (benefit)	$ 1,187	$ (33)
Basic net income (loss) per common unit (Note 8)	$ 0.61	$ (0.22)
Diluted net income (loss) per common unit (Note 8)	$ 0.61	$ (0.22)
Basic weighted-average common units outstanding	110,880,981	110,177,045
Diluted weighted-average common units outstanding	110,880,981	110,177,045
Comprehensive income	$ 106,140	$ 13,244
Service [Member]
Revenues:
Total revenues	285,266	265,305
Costs and expenses:
Operating expenses (excluding depreciation and amortization expense)	89,162	86,402
Depreciation and amortization expense	62,054	63,303
Total costs associated with service revenues/Costs associated with product sales	151,216	149,705
Product [Member]
Revenues:
Total revenues	108,601	144,558
Costs and expenses:
Total costs associated with service revenues/Costs associated with product sales	93,461	126,715
Product and Service [Member]
Revenues:
Total revenues	$ 393,867	$ 409,863

NS Balance Sheet

2023-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 5,151	$ 14,489
Accounts receivable, net	137,647	149,971
Inventories	15,518	15,397
Prepaid and other current assets	15,729	24,067
Total current assets	174,045	203,924
Property, plant and equipment, at cost	5,658,551	5,733,685
Accumulated depreciation and amortization	(2,344,543)	(2,330,602)
Property, plant and equipment, net	3,314,008	3,403,083
Intangible assets, net	504,288	513,696
Goodwill	732,356	732,356
Other long-term assets, net	199,017	120,627
Total assets	4,923,714	4,973,686
Current liabilities:
Accounts payable	69,435	67,765
Current portion of finance leases	4,535	4,416
Accrued interest payable	76,112	37,607
Accrued liabilities	56,333	76,072
Taxes other than income tax	6,999	10,607
Total current liabilities	213,414	196,467
Long-term debt, less current portion of finance leases	3,113,074	3,293,415
Deferred income tax liability	3,246	3,219
Other long-term liabilities	211,275	131,299
Total liabilities	3,541,009	3,624,400
Commitments and contingencies (Note 5)
Series D preferred limited partners (16,346,650 units outstanding as of March 31, 2023 and December 31, 2022) (Note 6)	450,641	446,970
Partners’ equity (Note 7):
Common limited partners (110,903,880 and 110,818,718 units outstanding as of March 31, 2023 and December 31, 2022, respectively)	207,164	177,620
Accumulated other comprehensive loss	(31,401)	(31,605)
Total partners’ equity	932,064	902,316
Total liabilities, mezzanine equity and partners’ equity	4,923,714	4,973,686
Series A Preferred Limited Partner [Member]
Partners’ equity (Note 7):
Preferred limited partners	218,307	218,307
Series B Preferred Limited Partner [Member]
Partners’ equity (Note 7):
Preferred limited partners	371,476	371,476
Series C Preferred Limited Partner [Member]
Partners’ equity (Note 7):
Preferred limited partners	$ 166,518	$ 166,518