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NuStar Energy L.P. logo
NuStar Energy L.P. NS
report update icon

Quarterly report 2024-Q1
added 05-16-2026

NuStar Energy L.P. Balance Sheet 2023-2007 | NS

Brief overview of NuStar Energy L.P.'s balance sheet strength

This overview follows the five latest available annual observations between 2019 and 2023.

Assets declined from $6.2 billion to $4.9 billion, or -20.8%. The contraction calls for context such as disposals, restructuring or weaker operations.

Asset growth of -20.8% came with a +0.6% rise in liabilities. Financial leverage became more prominent.

The equity ratio is 21.4%, compared with 28.7% before. Low autonomy increases reliance on liabilities.

Each unit of equity supports 3.21x of net debt. This elevated load requires dependable cash generation.

Cash equals 0.1% of the balance sheet, compared with 0.3% five periods ago. This is the readily available cushion.

What the balance sheet shows

NuStar Energy L.P.'s balance sheet profile remains vulnerable. Lower liabilities and capital accumulation are the main routes to improvement.

Annual Balance Sheet NuStar Energy L.P.

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Net Debt

3.36 B 3.23 B 3.14 B 3.39 B 3.38 B 3.12 B 3.62 B 3.03 B 3.09 B 2.79 B 2.6 B 2.35 B 2.28 B 1.96 B 1.77 B - -

Long Term Debt

3.36 B 3.24 B 3.13 B 3.54 B 2.93 B 3.11 B 3.26 B 3.01 B 3.11 B 2.78 B 2.7 B 2.14 B 1.93 B 2.14 B 1.83 B - -

Long Term Debt Current

6.19 M 5.54 M 10.3 M 10.9 M 10.4 M - 350 M - - - - 286 M 365 M 832 K 770 K - -

Total Non Current Liabilities

- - - - 3.1 B 3.2 B 3.4 B 3.13 B 3.21 B 2.84 B 2.74 B 2.18 B 2.07 B - - - -

Total Current Liabilities

221 M 196 M 215 M 221 M 732 M 323 M 652 M 289 M 332 M 365 M 393 M 846 M 944 M 393 M 339 M - -

Total Liabilities

3.85 B 3.62 B 3.56 B 3.99 B 3.83 B 3.53 B 4.06 B 3.42 B 3.54 B 3.2 B 3.13 B 3.03 B 3.02 B - - - -

Deferred Revenue

27.1 M 17.6 M 15.4 M 22 M 21.1 M 46.9 M 18.2 M 14.4 M 14.3 M 10.9 M 8.22 M 10.5 M 8.87 M 4.38 M - - -

Total Assets

4.9 B 4.97 B 5.16 B 5.82 B 6.19 B 6.35 B 6.54 B 5.03 B 5.15 B 4.92 B 5.03 B 5.61 B 5.88 B 5.39 B 4.77 B - -

Cash and Cash Equivalents

2.76 M 14.5 M 5.64 M 162 M 16.2 M 13.6 M 24.3 M 35.9 M 119 M 87.9 M 101 M 83.6 M 17.5 M 181 M 62 M 45.4 M 89.8 M

Book Value

1.05 B 1.35 B 1.6 B 1.83 B 2.36 B 2.82 B 2.48 B 1.61 B 1.61 B 1.72 B 1.9 B 2.58 B 2.86 B 5.39 B 4.77 B - -

Total Shareholders Equity

1.05 B 902 M 982 M 1.23 B 1.78 B 2.26 B 2.48 B 1.61 B 1.61 B 1.72 B 1.9 B 2.58 B 2.86 B 2.7 B 2.48 B 2.21 B 1.99 B

All numbers in USD currency

Quarterly Balance Sheet NuStar Energy L.P.

2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

Long Term Debt

3.34 B 3.35 B 3.26 B 3.06 B 3.24 B 3.02 B - 3.12 B 3.13 B 3.35 B 3.44 B 3.39 B 3.54 B 3.54 B 3.54 B 3.54 B 3.33 B 3.33 B 3.33 B 3.33 B 3.11 B 3.38 B 3.38 B 3.31 B 3.26 B 3.26 B 3.26 B 3.26 B 3.01 B 3.01 B 3.01 B 3.01 B 3.06 B 3.06 B 3.06 B 3.06 B 2.75 B 2.75 B 2.75 B 2.75 B 2.66 B 2.66 B 2.66 B 2.66 B 2.12 B 2.12 B 2.12 B 2.12 B 1.93 B 1.93 B 1.93 B 1.93 B 1.99 B 1.85 B

Total Liabilities

3.84 B 3.87 B 3.79 B 3.54 B 3.62 B 3.45 B - 3.59 B 3.56 B 3.81 B 3.85 B 3.84 B 3.99 B 3.99 B 3.99 B 3.99 B 3.83 B 3.83 B 3.83 B 3.83 B 3.53 B 3.53 B 3.53 B 3.53 B 4.06 B 4.06 B 4.06 B - - - - - - - - - - - - - - - - - - - - - - - - - - -

Deferred Revenue

- - - - - - - - 15.4 M - 17 M 16.5 M 22 M - 22 M 22 M 21.1 M - - 21.8 M - 45.5 M 18.1 M 13.6 M 18.2 M - - - 14.4 M - - - 14.3 M - - - 10.9 M - - - 8.22 M - - - 10.5 M - - - 8.87 M - - - - -

Total Assets

4.86 B 4.91 B 4.89 B 4.92 B 4.97 B 5 B - 5.13 B 5.16 B 5.41 B 5.65 B 5.64 B 5.82 B 5.82 B 5.82 B 5.82 B 6.19 B 6.19 B 6.19 B 6.19 B 6.35 B 6.35 B 6.35 B 6.35 B 6.54 B 6.54 B 6.54 B 6.54 B 5.03 B 5.03 B 5.03 B 5.03 B 5.13 B 5.13 B 5.13 B 5.13 B 4.92 B 4.92 B 4.92 B 4.92 B 5.03 B 5.03 B 5.03 B 5.03 B 5.61 B 5.61 B 5.61 B 5.61 B 5.88 B 5.88 B 5.88 B 5.88 B 5.19 B 5.05 B

Cash and Cash Equivalents

5.37 M 4.37 M 3.81 M 5.15 M 14.5 M 7.54 M 13.1 M 19.6 M 5.64 M 16.8 M 23.5 M 28.2 M 154 M 154 M 154 M 154 M 16.2 M 16.2 M 16.2 M 16.2 M 11.5 M 11.5 M 11.5 M 13.6 M 24.3 M 24.3 M 24.3 M 24.3 M 35.9 M 35.9 M 35.9 M 35.9 M 119 M 119 M 119 M 119 M 87.9 M 87.9 M 87.9 M 87.9 M 101 M 101 M 101 M 101 M 83.6 M 83.6 M 83.6 M 83.6 M 17.5 M 17.5 M 17.5 M 17.5 M 85.9 M 34.6 M

Book Value

1.02 B 1.04 B 1.1 B 1.38 B 1.35 B 1.56 B - 1.54 B 1.6 B 1.6 B 1.8 B 1.8 B 1.83 B 1.83 B 1.83 B 1.83 B 2.36 B 2.36 B 2.36 B 2.36 B 2.82 B 2.82 B 2.82 B 2.82 B 2.48 B 2.48 B 2.48 B 6.54 B 5.03 B 5.03 B 5.03 B 5.03 B 5.13 B 5.13 B 5.13 B 5.13 B 4.92 B 4.92 B 4.92 B 4.92 B 5.03 B 5.03 B 5.03 B 5.03 B 5.61 B 5.61 B 5.61 B 5.61 B 5.88 B 5.88 B 5.88 B 5.88 B 5.19 B 5.05 B

Total Shareholders Equity

1.02 B 1.04 B 869 M 932 M 902 M 925 M 945 M 922 M 982 M 985 M 1.19 B 1.2 B 1.23 B 1.23 B 1.23 B 1.23 B 1.78 B 1.78 B 1.78 B 1.89 B 2.26 B 2.35 B 2.46 B 2.49 B 2.48 B 2.42 B 2.48 B 2.48 B 1.61 B 1.61 B 1.61 B 1.61 B 1.61 B 1.61 B 1.71 B 1.73 B 1.72 B 1.77 B 1.72 B 1.72 B 1.9 B 1.9 B 1.9 B 1.9 B 2.58 B 2.58 B 2.58 B 2.58 B 2.86 B 2.86 B 2.86 B 2.86 B 2.69 B 2.69 B

All numbers in USD currency

Balance Sheet is a fundamental financial report of NuStar Energy L.P., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Oil gas midstream

Issuer Price % 24h Market Cap Country
Kinder Morgan Kinder Morgan
KMI
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Cheniere Energy Partners, L.P. Cheniere Energy Partners, L.P.
CQP
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Martin Midstream Partners L.P. Martin Midstream Partners L.P.
MMLP
$ 2.04 -1.92 % $ 79.8 M usaUSA
MPLX LP MPLX LP
MPLX
$ 56.7 -0.18 % $ 57.4 B usaUSA
Navigator Holdings Ltd. Navigator Holdings Ltd.
NVGS
$ 20.79 1.56 % $ 1.4 B britainBritain
Dynagas LNG Partners LP Dynagas LNG Partners LP
DLNG
$ 3.19 0.94 % $ 117 M greeceGreece
Plains All American Pipeline, L.P. Plains All American Pipeline, L.P.
PAA
$ 23.67 0.3 % $ 16.7 B usaUSA
Plains GP Holdings, L.P. Plains GP Holdings, L.P.
PAGP
$ 25.52 0.41 % $ 5.05 B usaUSA
Crestwood Equity Partners LP Crestwood Equity Partners LP
CEQP
- - $ 2.97 B usaUSA
Enterprise Products Partners L.P. Enterprise Products Partners L.P.
EPD
$ 37.13 1.16 % $ 80.1 B usaUSA
Star Group, L.P. Star Group, L.P.
SGU
$ 13.08 -0.61 % $ 448 M usaUSA
Teekay Corporation Teekay Corporation
TK
$ 12.92 0.62 % $ 1.11 B bermudaBermuda
Teekay Tankers Ltd. Teekay Tankers Ltd.
TNK
$ 85.68 0.66 % $ 2.96 B bermudaBermuda
Targa Resources Corp. Targa Resources Corp.
TRGP
$ 281.42 2.85 % $ 60.8 B usaUSA
TORM plc TORM plc
TRMD
$ 34.28 -0.74 % $ 3.37 B britainBritain
TC Energy Corporation TC Energy Corporation
TRP
$ 63.47 1.01 % $ 66 B canadaCanada
Brooge Energy Limited Brooge Energy Limited
BROG
- 13.04 % $ 478 M britainBritain
Western Midstream Partners, LP Western Midstream Partners, LP
WES
$ 41.1 0.24 % $ 17 B usaUSA
The Williams Companies The Williams Companies
WMB
$ 67.28 1.25 % $ 82.1 B usaUSA
Magellan Midstream Partners, L.P. Magellan Midstream Partners, L.P.
MMP
- - $ 13.9 B usaUSA
ONEOK ONEOK
OKE
$ 87.35 1.59 % $ 54.6 B usaUSA
Green Plains Partners LP Green Plains Partners LP
GPP
- - $ 286 M usaUSA
PBF Logistics LP PBF Logistics LP
PBFX
- -1.19 % $ 1.35 B usaUSA
Euronav NV Euronav NV
EURN
- - $ 3.69 B belgiumBelgium
U.S. Well Services U.S. Well Services
USWS
- -0.45 % $ 91 M usaUSA
Equitrans Midstream Corporation Equitrans Midstream Corporation
ETRN
- - $ 5.39 B usaUSA
DCP Midstream, LP DCP Midstream, LP
DCP
- -0.02 % $ 8.7 B usaUSA
Holly Energy Partners, L.P. Holly Energy Partners, L.P.
HEP
- - $ 2.59 B usaUSA
Shell Midstream Partners, L.P. Shell Midstream Partners, L.P.
SHLX
- - $ 6.22 B usaUSA
Summit Midstream Partners, LP Summit Midstream Partners, LP
SMLP
- - $ 167 M usaUSA
Evolve Transition Infrastructure LP Evolve Transition Infrastructure LP
SNMP
- -0.75 % $ 11.2 M usaUSA
Höegh LNG Partners LP Höegh LNG Partners LP
HMLP
- 0.05 % $ 308 M bermudaBermuda
Blueknight Energy Partners, L.P. Blueknight Energy Partners, L.P.
BKEP
- - $ 195 M usaUSA
Rattler Midstream LP Rattler Midstream LP
RTLR
- 2.95 % $ 545 M usaUSA
EnLink Midstream, LLC EnLink Midstream, LLC
ENLC
- - $ 6.52 B usaUSA
Enbridge Enbridge
ENB
$ 47.76 0.75 % $ 104 B canadaCanada
Delek Logistics Partners, LP Delek Logistics Partners, LP
DKL
$ 53.29 0.27 % $ 3.08 B usaUSA
Noble Midstream Partners LP Noble Midstream Partners LP
NBLX
- - $ 1.37 B usaUSA
Altus Midstream Company Altus Midstream Company
ALTM
- -0.79 % $ 1.07 B usaUSA
Genesis Energy, L.P. Genesis Energy, L.P.
GEL
$ 12.99 2.04 % $ 1.59 B usaUSA
Global Partners LP Global Partners LP
GLP
$ 43.0 3.71 % $ 1.46 B usaUSA
Enable Midstream Partners, LP Enable Midstream Partners, LP
ENBL
- 1.44 % $ 3.07 B usaUSA
Antero Midstream Corporation Antero Midstream Corporation
AM
$ 19.78 1.18 % $ 9.45 B usaUSA
Hess Midstream LP Hess Midstream LP
HESM
$ 30.46 -0.23 % $ 6.28 B usaUSA
Oasis Midstream Partners LP Oasis Midstream Partners LP
OMP
- 2.48 % $ 1.08 B usaUSA
Phillips 66 Partners LP Phillips 66 Partners LP
PSXP
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Dorian LPG Ltd. Dorian LPG Ltd.
LPG
$ 46.45 1.02 % $ 1.97 B usaUSA
Pembina Pipeline Corporation Pembina Pipeline Corporation
PBA
$ 49.02 0.58 % $ 28.5 B canadaCanada
GasLog Ltd. GasLog Ltd.
GLOG
- -0.17 % $ 552 M monacoMonaco