Moody's Ratings (Moody's) assigned a Ba1 rating to Sunoco LP's (SUN) proposed $750 million senior unsecured notes due 2033. The Ba1 Corporate Family Rating (CFR), existing Ba1 ratings on its senior unsecured notes, and stable outlook for SUN remain unchanged. Net proceeds from this debt offering w...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Moody's Ratings (Moody's) has withdrawn all ratings at NuStar Energy L.P. (NuStar Energy), including its Ba1 Corporate Family Rating (CFR) and Ba1-PD Probability of Default Rating (PDR), and changed the outlook to rating withdrawn from stable. The Ba1 senior unsecured notes ratings at NuStar Logisti...
DALLAS--(BUSINESS WIRE)-- 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. This press release features multimedia. View the full release here: 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 disclos...
Moody's Ratings assigned a Ba3 rating (also on review for upgrade) to Sunoco LP's (Sunoco) proposed $1.5 billion senior unsecured notes and placed the notes on review for upgrade. The notes will be issued in two tranches, due in 2029 and 2032. All other ratings of Sunoco are unchanged, including its...
SAN ANTONIO--(BUSINESS WIRE)-- 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 speci...
DALLAS--(BUSINESS WIRE)-- 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, including the terms of t...
SAN ANTONIO--(BUSINESS WIRE)-- 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 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 Serie...
SAN ANTONIO--(BUSINESS WIRE)-- 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 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 re...
SAN ANTONIO--(BUSINESS WIRE)-- 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. 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...
SAN ANTONIO--(BUSINESS WIRE)-- NuStar 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 fourt...
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