| Schedule of Net Income Per Unit |
The following table details the calculation of earnings per unit: | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2014 | | 2013 | | 2014 | | 2013 | | (Thousands of Dollars, Except Unit and Per Unit Data) | Net income attributable to NuStar Energy L.P. | $ | 62,121 |
| | $ | 33,397 |
| | $ | 157,379 |
| | $ | 91,048 |
| Less general partner distribution (including IDR) | 12,766 |
| | 12,766 |
| | 38,298 |
| | 38,298 |
| Less limited partner distribution | 85,285 |
| | 85,285 |
| | 255,855 |
| | 255,855 |
| Distributions in excess of earnings | $ | (35,930 | ) | | $ | (64,654 | ) | | $ | (136,774 | ) | | $ | (203,105 | ) | | | | | | | | | General partner earnings: | | | | | | | | Distributions | $ | 12,766 |
| | $ | 12,766 |
| | $ | 38,298 |
| | $ | 38,298 |
| Allocation of distributions in excess of earnings (2%) | (719 | ) | | (1,293 | ) | | (2,736 | ) | | (4,061 | ) | Total | $ | 12,047 |
| | $ | 11,473 |
| | $ | 35,562 |
| | $ | 34,237 |
| | | | | | | | | Limited partner earnings: | | | | | | | | Distributions | $ | 85,285 |
| | $ | 85,285 |
| | $ | 255,855 |
| | $ | 255,855 |
| Allocation of distributions in excess of earnings (98%) | (35,211 | ) | | (63,361 | ) | | (134,038 | ) | | (199,044 | ) | Total | $ | 50,074 |
| | $ | 21,924 |
| | $ | 121,817 |
| | $ | 56,811 |
| | | | | | | | | 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 | $ | 0.64 |
| | $ | 0.28 |
| | $ | 1.56 |
| | $ | 0.73 |
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