Nustar Logistics LP (NSS) is a publicly traded limited partnership engaged in the terminalling, storage, and transportation of petroleum products and anhydrous ammonia. The company operates through three segments: Pipeline, Storage, and Fuels Marketing.
The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia through its 8,700-mile pipeline system. The Storage segment provides storage and terminaling services for petroleum products, specialty chemicals, crude oil, and other liquids through its 73 terminal and storage facilities. The Fuels Marketing segment purchases crude oil and refined petroleum products and markets them to wholesale and retail customers.
As of February 25, 2023, Nustar Logistics LP had a market capitalization of approximately $2.23 billion. The company is headquartered in San Antonio, Texas and was founded in 2001.
It is important to note that investing in limited partnerships like Nustar Logistics LP carries additional risks and complexities compared to traditional equity investments. These risks include exposure to fluctuations in commodity prices, interest rate risks, and tax implications. It is recommended to thoroughly research and understand the risks involved before investing in limited partnerships.
|
