v3.8.0.1
PARTNERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2017
Distributions Made to Limited Partners and General Partner [Line Items]  
Schedule of Preferred Units [Table Text Block]
The following is a summary of our fixed-to-floating rate cumulative redeemable perpetual preferred units issued and outstanding as of December 31, 2017:
Units
 
Original
Issuance Date
 
Number of Units Issued and Outstanding
 
Price per Unit
 
Net Proceeds (in millions)
 
Fixed Distribution Rate per Annum (as a Percentage of the $25.00 Liquidation Preference per Unit)
 
Fixed Distribution Rate per Unit per Annum
 
Optional Redemption Date/Date at Which Distribution Rate Becomes Floating
 
Floating Annual Rate (as a Percentage of the $25.00 Liquidation Preference per Unit)
Series A
Preferred Units
 
November 25, 2016
 
9,060,000
 
$
25.00

 
$
218.4

 
8.50
%
 
$
2.125

 
December 15, 2021
 
Three-month LIBOR plus 6.766%
Series B
Preferred Units
 
April 28, 2017
 
15,400,000
 
$
25.00

 
$
371.8

 
7.625
%
 
$
1.90625

 
June 15, 2022
 
Three-month LIBOR plus 5.643%
Series C
Preferred Units
 
November 30, 2017
 
6,900,000
 
$
25.00

 
$
166.7

 
9.00
%
 
$
2.25

 
December 15, 2022
 
Three-month LIBOR plus 6.88%
The following table summarizes financial information related to our preferred units:
 
Preferred Limited Partners
 
 
 
Series A
 
Series B
 
Series C
 
Total
Balance as of January 1, 2016
$

 
$

 
$

 
$

Issuance of units
218,400

 

 

 
218,400

Net income
1,925

 

 

 
1,925

Distributions to partners
(1,925
)
 

 

 
(1,925
)
Balance as of December 31, 2016
218,400

 

 

 
218,400

Issuance of units

 
371,823

 
166,737

 
538,560

Net income
19,253

 
19,815

 
1,380

 
40,448

Distributions to partners
(19,253
)
 
(19,815
)
 
(1,380
)
 
(40,448
)
Other
(93
)
 
(189
)
 
(75
)
 
(357
)
Balance as of December 31, 2017
$
218,307

 
$
371,634

 
$
166,662

 
$
756,603

Schedule of Calculation of Net Income Applicable to General Partner [Table Text Block]
The following table details the calculation of net income applicable to the general partner:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(Thousands of Dollars)
Net income attributable to NuStar Energy L.P.
$
147,964

 
$
150,003

 
$
306,720

Less preferred limited partner interest
40,448

 
1,925

 

Less general partner incentive distribution
45,669

 
43,407

 
43,220

Net income after general partner incentive distribution and preferred
limited partner interest
61,847

 
104,671

 
263,500

General partner interest allocation
2
%
 
2
%
 
2
%
General partner interest allocation of net income
1,237

 
2,091

 
5,270

General partner incentive distribution
45,669

 
43,407

 
43,220

Net income applicable to general partner
$
46,906

 
$
45,498

 
$
48,490

Schedule of Distribution Waterfall [Table Text Block]
Our available cash is distributed based on the percentages shown below:
 
 
Percentage of Distribution
Quarterly Distribution Amount per Common Unit
 
Common
 Unitholders
 
General Partner
Including Incentive Distributions
Up to $0.60
 
98%
 
2%
Above $0.60 up to $0.66
 
90%
 
10%
Above $0.66
 
75%
 
25%
Schedule of Distributions To General and Common Limited Partners [Table Text Block]
The following table reflects the allocation of total cash distributions to the general partner and common limited partners applicable to the period in which the distributions were earned:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(Thousands of Dollars, Except Per Unit Data)
General partner interest
$
9,252

 
$
7,877

 
$
7,844

General partner incentive distribution
45,669

 
43,407

 
43,220

Total general partner distribution
54,921

 
51,284

 
51,064

Common limited partners’ distribution
407,681

 
342,598

 
341,140

Total cash distributions
$
462,602

 
$
393,882

 
$
392,204

 
 
 
 
 
 
Cash distributions per unit applicable to common limited partners
$
4.38

 
$
4.38

 
$
4.38

Distributions Made To Common Limited And General Partners By Distribution [Table Text Block]
The following table summarizes information related to our quarterly cash distributions to our general partner and common limited partners:
Quarter Ended
 
Cash Distributions Per Unit
 
Total Cash Distributions
 
Record Date
 
Payment Date
 
 
 
 
(Thousands of Dollars)
 
 
 
 
December 31, 2017 (a)
 
$
1.095

 
$
115,267

 
February 8, 2018
 
February 13, 2018
September 30, 2017
 
$
1.095

 
$
115,084

 
November 9, 2017
 
November 14, 2017
June 30, 2017
 
$
1.095

 
$
115,083

 
August 7, 2017
 
August 11, 2017
March 31, 2017
 
$
1.095

 
$
117,168

 
May 8, 2017
 
May 12, 2017
(a)
The distribution was announced on January 29, 2018.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The balance of and changes in the components included in “Accumulated other comprehensive income (loss)” were as follows:
 
Foreign
Currency
Translation
 
Cash Flow Hedges
 
Pension and
Other
Postretirement
Benefits
 
Total
 
(Thousands of Dollars)
Balance as of January 1, 2015
$
(28,839
)
 
$
(39,073
)
 
$

 
$
(67,912
)
Other comprehensive (loss) income before
   reclassification adjustments
(31,987
)
 
1,303

 

 
(30,684
)
Net loss on cash flow hedges reclassified into interest
   expense, net

 
9,802

 

 
9,802

Other comprehensive (loss) income
(31,987
)
 
11,105

 

 
(20,882
)
Balance as of December 31, 2015
(60,826
)
 
(27,968
)
 

 
(88,794
)
Employee Transfer

 

 
4,201

 
4,201

Deferred income tax adjustments

 

 
2,414

 
2,414

Other comprehensive loss before
   reclassification adjustments
(8,243
)
 
(2,621
)
 
(7,852
)
 
(18,716
)
Net gain on pension costs reclassified into operating
   expense

 

 
(1,200
)
 
(1,200
)
Net gain on pension costs reclassified into general and
   administrative expense

 

 
(413
)
 
(413
)
Net loss on cash flow hedges reclassified into interest
   expense, net

 
8,331

 

 
8,331

Other comprehensive (loss) income
(8,243
)
 
5,710

 
(2,850
)
 
(5,383
)
Balance as of December 31, 2016
(69,069
)
 
(22,258
)
 
(2,850
)
 
(94,177
)
Other comprehensive income (loss) before
   reclassification adjustments
17,466

 
(8,670
)
 
(4,641
)
 
4,155

Net gain on pension costs reclassified into operating
expense

 

 
(1,143
)
 
(1,143
)
Net gain on pension costs reclassified into general and
administrative expense

 

 
(386
)
 
(386
)
Net loss on cash flow hedges reclassified into interest
   expense, net

 
6,624

 

 
6,624

Other comprehensive income (loss)
17,466

 
(2,046
)
 
(6,170
)
 
9,250

Balance as of December 31, 2017
$
(51,603
)
 
$
(24,304
)
 
$
(9,020
)
 
$
(84,927
)
Preferred Limited Partner [Member]  
Distributions Made to Limited Partners and General Partner [Line Items]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
Preferred Units. The following table summarizes information related to our quarterly cash distributions on our Preferred Units:
Period
 
Cash
Distributions
Per Unit
 
Total Cash
Distributions
 
Record Date
 
Payment Date
 
 
 
 
(Thousands of Dollars)
 
 
 
 
Series A Preferred Units:
 
 
 
 
 
 
 
 
December 15, 2017 - March 14, 2018 (a)
 
$
0.53125

 
$
4,813

 
March 1, 2018
 
March 15, 2018
September 15, 2017 - December 14, 2017
 
$
0.53125

 
$
4,813

 
December 1, 2017
 
December 15, 2017
June 15, 2017 - September 14, 2017
 
$
0.53125

 
$
4,813

 
September 1, 2017
 
September 15, 2017
March 15, 2017 - June 14, 2017
 
$
0.53125

 
$
4,813

 
June 1, 2017
 
June 15, 2017
November 25, 2016 - March 14, 2017
 
$
0.64930556

 
$
5,883

 
March 1, 2017
 
March 15, 2017
 
 
 
 
 
 
 
 
 
Series B Preferred Units:
 
 
 
 
 
 
 
 
December 15, 2017 - March 14, 2018 (a)
 
$
0.47657

 
$
7,339

 
March 1, 2018
 
March 15, 2018
September 15, 2017 - December 14, 2017
 
$
0.47657

 
$
7,339

 
December 1, 2017
 
December 15, 2017
April 28, 2017 - September 14, 2017
 
$
0.725434028

 
$
11,172

 
September 1, 2017
 
September 15, 2017
 
 
 
 
 
 
 
 
 
Series C Preferred Units:
 
 
 
 
 
 
 
 
November 30, 2017 - March 14, 2018 (a)
 
$
0.65625

 
$
4,528

 
March 1, 2018
 
March 15, 2018
(a)
The distribution was announced on January 29, 2018