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NuStar Energy L.P. is a subsidiary of Sunoco LP, and formerly was a publicly traded master limited partnership. The company is one of the largest independent liquids terminal and pipeline operators in the nation.
On May 3, 2024, Sunoco LP acquired NuStar Energy LP for $7.3 billion. [74] As reported by J.P. Morgan analysts, the acquisition “represented a transformative shift in strategy to a more diversified and vertically integrated business.” [ 75 ] Assets added in the acquisition included a network of approximately 9,500 miles of pipeline and 63 ...
However, Sunoco's acquisition of NuStar showcased how its controlled MLP can also make highly accretive deals that flow down to Energy Transfer. The company will get a $500 million earnings boost ...
NuStar Energy. 28.58%. Martin Midstream Partners. 27.33%. TransMontaigne Partners. 26.94%. ... Energy Transfer picked up a significant stake in SXL when it acquired Sunoco last year, including 32. ...
In 2006, Valero L.P. was spun off and renamed NuStar Energy. [12] Starting in 2002, Valero has expanded its marketing to the East Coast, specifically the Northeast and Florida, using the Valero brand. By 2003, Valero completed its acquisition of El Paso Corp's refineries, pipeline system and terminal assets in Corpus Christi and South Texas. [13]
He noted that the oil and gas giant Sunoco also offered to buy the MLP NuStar for a 10% to 15% premium this week, which is a sign that other MLPs could be acquisition targets.
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In August 2014, the company acquired Susser Holdings Corporation, which operated Stripes Convenience Stores, a chain of 580 stores located in Texas, New Mexico, and Oklahoma, which were re-branded under the Sunoco and A-Plus names. [10] In January 2015, the company acquired Regency Energy Partners for $11 billion. [11]