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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 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.
With this acquisition, the company also received ownership of Shamrock Logistics L.P., which was renamed Valero L.P. 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.
A Sunoco fuel station in Peachtree, North Carolina. Sunoco LP / s ə ˈ n oʊ k oʊ / is an American master limited partnership organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy ...
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Advised Truist Securities as the financial advisor to Sunoco in connection with Sunoco’s $7.3 billion acquisition of NuStar Energy. Secured and finalized a Texas Supreme Court win for Apache in a dispute involving purchase and sales agreements and mineral leases in 2023. [14]
NuStar Energy (NYS: NS) carries $889 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.