NuStar Energy L.P. Declares Series A, Series B and Series C Preferred Units and Common Unit Second Quarter 2019 Distributions

SAN ANTONIO–(BUSINESS WIRE)–NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a second quarter 2019 Series A preferred unit distribution of $0.53125 per unit, a Series B preferred unit distribution of $0.47657 per unit and a Series C preferred unit distribution of $0.56250 per unit. The preferred unit distributions will be paid on September 16, 2019 to holders of record as of September 3, 2019.

NuStar Energy L.P.’s Board of Directors also declared a second quarter 2019 common unit distribution of $0.60 per unit. The second quarter common unit distribution will be paid on August 13, 2019 to holders of record as of August 7, 2019.

A conference call with management is scheduled for 10:00 a.m. CT on Thursday, August 8, 2019, to discuss the financial and operational results for the second quarter of 2019. Investors interested in listening to the discussion may dial toll-free 844/889-7787, passcode 9899738. International callers may access the discussion by dialing 661/378-9931, passcode 9899738. The partnership intends to have a playback available following the discussion, which may be accessed by dialing toll-free 855/859-2056, passcode 9899738. International callers may access the playback by dialing 404/537-3406, passcode 9899738. The playback will be available until 1:00 p.m. CT on September 7, 2019.

Investors interested in listening to the live discussion or a replay via the internet may access the discussion directly at https://edge.media-server.com/mmc/p/eiae9hed or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 9,800 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has more than 88 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico and St. Eustatius in the Caribbean. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com.

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of NuStar Energy L.P.’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of NuStar Energy L.P.’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals and corporations, as applicable. Nominees, and not NuStar Energy L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Contacts

NuStar Energy, L.P., San Antonio

Investors, Tim Delagarza, Manager, Investor Relations

Investor Relations: 210-918-INVR (4687)

or

Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,

Corporate Communications: 210-918-2314

website: http://www.nustarenergy.com

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