| Schedule of Net Income Per Unit |
The following table details the calculation of earnings per unit: | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2014 | | 2013 | | 2014 | | 2013 | | (Thousands of Dollars, Except Unit and Per Unit Data) | Net income attributable to NuStar Energy L.P. | $ | 55,514 |
| | $ | 33,086 |
| | $ | 95,258 |
| | $ | 57,651 |
| Less general partner distribution (including IDR) | 12,766 |
| | 12,766 |
| | 25,532 |
| | 25,532 |
| Less limited partner distribution | 85,285 |
| | 85,285 |
| | 170,570 |
| | 170,570 |
| Distributions in excess of earnings | $ | (42,537 | ) | | $ | (64,965 | ) | | $ | (100,844 | ) | | $ | (138,451 | ) | | | | | | | | | General partner earnings: | | | | | | | | Distributions | $ | 12,766 |
| | $ | 12,766 |
| | $ | 25,532 |
| | $ | 25,532 |
| Allocation of distributions in excess of earnings (2%) | (851 | ) | | (1,299 | ) | | (2,017 | ) | | (2,768 | ) | Total | $ | 11,915 |
| | $ | 11,467 |
| | $ | 23,515 |
| | $ | 22,764 |
| | | | | | | | | Limited partner earnings: | | | | | | | | Distributions | $ | 85,285 |
| | $ | 85,285 |
| | $ | 170,570 |
| | $ | 170,570 |
| Allocation of distributions in excess of earnings (98%) | (41,686 | ) | | (63,666 | ) | | (98,827 | ) | | (135,683 | ) | Total | $ | 43,599 |
| | $ | 21,619 |
| | $ | 71,743 |
| | $ | 34,887 |
| | | | | | | | | Weighted-average limited partner units outstanding | 77,886,078 |
| | 77,886,078 |
| | 77,886,078 |
| | 77,886,078 |
| | | | | | | | | Net income per unit applicable to limited partners | $ | 0.56 |
| | $ | 0.28 |
| | $ | 0.92 |
| | $ | 0.45 |
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