NuStar Energy L.P. Closes on Sale of Terminal in Nova Scotia
Nustar Energy L.P. Common Units (NS)
Last nustar energy l.p. common units earnings: 2/5 06:45 am
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Source: Business Wire
Another Step in Strategic Plan to Continue to Optimize Its Business and Build Financial Flexibility SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that it has closed on the sale of its terminal in Nova Scotia, Canada to EverWind Fuels for $60 million. The 7.8 million-barrel storage terminal is located at Point Tupper on the Strait of Canso, near Port Hawkesbury, Nova Scotia. The companies first announced this sale on February 14, 2022.“We are pleased to close on this divestiture, as this is yet another step in our strategic plan to continue optimizing our business, building our financial flexibility and strengthening our balance sheet,” said Brad Barron, president and CEO of NuStar.“We continue to expect to fund our spending from our internally generated cash flows in 2022, just as we did in 2021, which reflects the success of our multi-year optimization initiative,” Barron added. “By continuing to focus on optimizing our spending across our business, w
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- 4/22/24 - Form 8-K
- 4/15/24 - Form 425
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