Opening and Closing Bell on Wall Street
NuStar Energy (NYSE-Listed NS) visited the NYSE to mark the company’s 10th anniversary as a public company on the NYSE. NuStar Energy has experienced tremendous success since its IPO in 2001, growing from 160 employees at that time to over 1,900 today; from $387 million in assets to $5.2 billion; and from $99 million in revenues to $4.4 billion. Based on the company’s growth, at the end of last year NuStar was nationally ranked as the second fastest growing energy company by Platts, the leading provider of energy information. In honor of the occasion, Chairman Bill Greehey and CEO Curt Anastasio rang The Closing BellSM.
About NuStar Energy (NYSE:NS)
NuStar Energy L.P. is a publicly traded, limited partnership based in San Antonio, with 8,417 miles of pipeline; 90 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids; and two asphalt refineries and a fuels refinery with a combined throughput capacity of 118,500 barrels per day.
NuStar Energy and its general partner, NuStar GP Holdings LLC, have a combined market capitalization of $4.8 billion. Over the past ten years, NuStar Energy has been touted for its strong distribution growth as it has increased every year, as well as for its high yield, which currently stands at 8%. In fact, NuStar unitholders have realized a 299% total return over the past decade versus the S&P’s 1% return over that same period.