v2.4.0.8
PARTNERS' EQUITY (Tables)
9 Months Ended
Sep. 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 September 30, 2014
 
Three Months Ended September 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
$
1,808,370

 
$
989

 
$
1,809,359

 
$
2,429,132

 
$
11,134

 
$
2,440,266

Net income (loss)
62,121

 
(173
)
 
61,948

 
33,397

 
(161
)
 
33,236

Other comprehensive
income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
adjustment
(6,420
)
 
14

 
(6,406
)
 
4,469

 
(568
)
 
3,901

Net loss on cash flow
hedges reclassified
into interest expense, net
2,625

 

 
2,625

 
1,653

 

 
1,653

Total other comprehensive
income (loss)
(3,795
)
 
14

 
(3,781
)
 
6,122

 
(568
)
 
5,554

Cash distributions to
partners
(98,051
)
 

 
(98,051
)
 
(98,051
)
 

 
(98,051
)
Other

 
(830
)
 
(830
)
 
(26
)
 

 
(26
)
Ending balance
$
1,768,645

 
$

 
$
1,768,645

 
$
2,370,574

 
$
10,405

 
$
2,380,979


 
Nine Months Ended September 30, 2014
 
Nine Months Ended September 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)
157,379

 
(395
)
 
156,984

 
91,048

 
(439
)
 
90,609

Other comprehensive
income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
adjustment
(4,802
)
 
(433
)
 
(5,235
)
 
(10,628
)
 
(1,767
)
 
(12,395
)
Net unrealized gain on
cash flow hedges

 

 

 
7,213

 

 
7,213

Net loss on cash flow
hedges reclassified
into interest expense, net
8,062

 

 
8,062

 
4,615

 

 
4,615

Total other comprehensive
income (loss)
3,260

 
(433
)
 
2,827

 
1,200

 
(1,767
)
 
(567
)
Cash distributions to
partners
(294,153
)
 

 
(294,153
)
 
(294,153
)
 

 
(294,153
)
Other
23

 
(830
)
 
(807
)
 
95

 

 
95

Ending balance
$
1,768,645

 
$

 
$
1,768,645

 
$
2,370,574

 
$
10,405

 
$
2,380,979

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
(4,802
)
 
8,062

 
3,260

Balance as of September 30, 2014
$
(18,460
)
 
$
(41,674
)
 
$
(60,134
)
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
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
 
(Thousands of Dollars)
Net income attributable to NuStar Energy L.P.
$
62,121

 
$
33,397

 
$
157,379

 
$
91,048

Less general partner incentive distribution
10,805

 
10,805

 
32,415

 
32,415

Net income after general partner incentive distribution
51,316

 
22,592

 
124,964

 
58,633

General partner interest
2
%
 
2
%
 
2
%
 
2
%
General partner allocation of net income after general
partner incentive distribution
1,025

 
452

 
2,498

 
1,174

General partner incentive distribution
10,805

 
10,805

 
32,415

 
32,415

Net income applicable to general partner
$
11,830

 
$
11,257

 
$
34,913

 
$
33,589


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
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
 
(Thousands of Dollars, Except Per Unit Data)
General partner interest
$
1,961

 
$
1,961

 
$
5,883

 
$
5,883

General partner incentive distribution
10,805

 
10,805

 
32,415

 
32,415

Total general partner distribution
12,766

 
12,766

 
38,298

 
38,298

Limited partners’ distribution
85,285

 
85,285

 
255,855

 
255,855

Total cash distributions
$
98,051

 
$
98,051

 
$
294,153

 
$
294,153

 
 
 
 
 
 
 
 
Cash distributions per unit applicable to limited partners
$
1.095

 
$
1.095

 
$
3.285

 
$
3.285

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
 
Record Date
 
Payment Date
 
 
 
 
(Thousands of Dollars)
 
 
 
 
September 30, 2014 (a)
 
$
1.095

 
$
98,051

 
November 10, 2014
 
November 14, 2014
June 30, 2014
 
$
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 October 31, 2014.