v2.4.0.8
PARTNERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2014
Partners' Capital Notes [Abstract]  
Schedule of Changes in Partners' Equity
The following table summarizes changes in the carrying amount of equity attributable to NuStar Energy L.P. partners and noncontrolling interest:
 
Three Months Ended June 30, 2014
 
Three Months Ended June 30, 2013
 
NuStar Energy L.P. Partners’ Equity
 
Noncontrolling Interest
 
Total Partners’
Equity
 
NuStar Energy L.P. Partners’ Equity
 
Noncontrolling Interest
 
Total Partners’
Equity
 
(Thousands of Dollars)
Beginning balance
$
1,842,378

 
$
1,106

 
$
1,843,484

 
$
2,497,017

 
$
12,163

 
$
2,509,180

Net income (loss)
55,514

 
(115
)
 
55,399

 
33,086

 
(117
)
 
32,969

Other comprehensive
income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
adjustment
5,858

 
(2
)
 
5,856

 
(7,820
)
 
(912
)
 
(8,732
)
Net unrealized gain
on cash flow hedges
—

 
—

 
—

 
2,526

 
—

 
2,526

Net loss on cash flow
hedges reclassified
into interest expense, net
2,671

 
—

 
2,671

 
2,475

 
—

 
2,475

Total other comprehensive
income (loss)
8,529

 
(2
)
 
8,527

 
(2,819
)
 
(912
)
 
(3,731
)
Cash distributions to
partners
(98,051
)
 
—

 
(98,051
)
 
(98,051
)
 
—

 
(98,051
)
Other
—

 
—

 
—

 
(101
)
 
—

 
(101
)
Ending balance
$
1,808,370

 
$
989

 
$
1,809,359

 
$
2,429,132

 
$
11,134

 
$
2,440,266


 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
 
NuStar Energy L.P. Partners’ Equity
 
Noncontrolling Interest
 
Total Partners’
Equity
 
NuStar Energy L.P. Partners’ Equity
 
Noncontrolling Interest
 
Total Partners’
Equity
 
(Thousands of Dollars)
Beginning balance
$
1,902,136

 
$
1,658

 
$
1,903,794

 
$
2,572,384

 
$
12,611

 
$
2,584,995

Net income (loss)
95,258

 
(222
)
 
95,036

 
57,651

 
(278
)
 
57,373

Other comprehensive
income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
adjustment
1,618

 
(447
)
 
1,171

 
(15,097
)
 
(1,199
)
 
(16,296
)
Net unrealized gain on
cash flow hedges
—

 
—

 
—

 
7,213

 
—

 
7,213

Net loss on cash flow
hedges reclassified
into interest expense, net
5,437

 
—

 
5,437

 
2,962

 
—

 
2,962

Total other comprehensive
income (loss)
7,055

 
(447
)
 
6,608

 
(4,922
)
 
(1,199
)
 
(6,121
)
Cash distributions to
partners
(196,102
)
 
—

 
(196,102
)
 
(196,102
)
 
—

 
(196,102
)
Other
23

 
—

 
23

 
121

 
—

 
121

Ending balance
$
1,808,370

 
$
989

 
$
1,809,359

 
$
2,429,132

 
$
11,134

 
$
2,440,266
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The balance of and changes in the components included in “Accumulated other comprehensive loss” were as follows:
 
Foreign
Currency
Translation
 
Cash Flow Hedges
 
Total
 
(Thousands of Dollars)
Balance as of January 1, 2014
$
(13,658
)
 
$
(49,736
)
 
$
(63,394
)
Activity
1,618

 
5,437

 
7,055

Balance as of June 30, 2014
$
(12,040
)
 
$
(44,299
)
 
$
(56,339
)
Schedule of Calculation of Net Income Applicable to General Partner [Text Block]
The following table details the calculation of net income applicable to the general partner:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
 
(Thousands of Dollars)
Net income attributable to NuStar Energy L.P.
$
55,514

 
$
33,086

 
$
95,258

 
$
57,651

Less general partner incentive distribution
10,805

 
10,805

 
21,610

 
21,610

Net income after general partner incentive distribution
44,709

 
22,281

 
73,648

 
36,041

General partner interest
2
%
 
2
%
 
2
%
 
2
%
General partner allocation of net income after general
partner incentive distribution
894

 
446

 
1,473

 
722

General partner incentive distribution
10,805

 
10,805

 
21,610

 
21,610

Net income applicable to general partner
$
11,699

 
$
11,251

 
$
23,083

 
$
22,332
Schedule of Distributions To General and Limited Partners [Text Block]
The following table reflects the allocation of total cash distributions to the general and limited partners applicable to the period in which the distributions were earned:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
 
(Thousands of Dollars, Except Per Unit Data)
General partner interest
$
1,961

 
$
1,961

 
$
3,922

 
$
3,922

General partner incentive distribution
10,805

 
10,805

 
21,610

 
21,610

Total general partner distribution
12,766

 
12,766

 
25,532

 
25,532

Limited partners’ distribution
85,285

 
85,285

 
170,570

 
170,570

Total cash distributions
$
98,051

 
$
98,051

 
$
196,102

 
$
196,102

 
 
 
 
 
 
 
 
Cash distributions per unit applicable to limited partners
$
1.095

 
$
1.095

 
$
2.190

 
$
2.190
Distributions Made to Limited and General Partners, by Distribution [Table Text Block]
The following table summarizes information related to our quarterly cash distributions:
Quarter Ended
 
Cash Distributions Per Unit
 
Total Cash Distributions (Thousands of Dollars)
 
Record Date
 
Payment Date
June 30, 2014 (a)
 
$
1.095

 
$
98,051

 
August 6, 2014
 
August 11, 2014
March 31, 2014
 
$
1.095

 
$
98,051

 
May 7, 2014
 
May 12, 2014
December 31, 2013
 
$
1.095

 
$
98,051

 
February 10, 2014
 
February 14, 2014
(a)
The distribution was announced on July 25, 2014.