v3.19.3.a.u2
PARTNERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2019
Distributions Made to Limited Partners and General Partner [Line Items]  
Schedule of Preferred Units [Table Text Block]
The following is a summary of our Series A, Series B and Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (collectively the Series A, B and C Preferred Units) issued and outstanding as of December 31, 2019:
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
 
Fixed Distribution per Annum (in thousands)
 
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

 
$
19,252

 
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

 
$
29,357

 
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

 
$
15,525

 
December 15, 2022
 
Three-month LIBOR plus 6.88%

Schedule of Common Units [Table Text Block]
The following table shows the balance of and changes in the number of our common units outstanding:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Balance as of the beginning of year
107,225,156

 
93,176,683

 
78,616,228

Issuance of units
527,426

 
413,736

 
14,375,000

Unit-based compensation (refer to Note 24 for discussion)
775,224

 
225,144

 
185,455

Merger (refer to Note 4 for discussion)

 
13,409,593

 

Balance as of the end of year
108,527,806

 
107,225,156

 
93,176,683


Schedule of Distribution Waterfall [Table Text Block] Prior to the Merger, our Available Cash was 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,
 
2019
 
2018
 
2017
 
(Thousands of Dollars, Except Per Unit Data)
General partner interest
$

 
$
1,141

 
$
9,252

General partner incentive distribution

 

 
45,669

Total general partner distribution

 
1,141

 
54,921

Common limited partners’ distribution
259,136

 
248,705

 
407,681

Total cash distributions
$
259,136

 
$
249,846

 
$
462,602

 
 
 
 
 
 
Cash distributions per unit applicable to common limited partners
$
2.40

 
$
2.40

 
$
4.38


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 for 2017:
 
Year Ended 
December 31, 2017
 
(Thousands of Dollars)
Net income attributable to NuStar Energy L.P.
$
147,964

Less preferred limited partner interest
40,448

Less general partner incentive distribution
45,669

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

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

General partner incentive distribution
45,669

Net income applicable to general partner
$
46,906

 

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The balance of and changes in the components included in AOCI were as follows:
 
Foreign
Currency
Translation
 
Cash Flow Hedges
 
Pension and
Other
Postretirement
Benefits
 
Total
 
(Thousands of Dollars)
Balance as of January 1, 2017
$
(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
)
Other comprehensive (loss) income before
reclassification adjustments
(13,880
)
 
17,912

 
3,282

 
7,314

Sale of European Operations reclassified into other income, net
18,124

 

 

 
18,124

Net gain on pension costs reclassified into other income, net

 

 
(814
)
 
(814
)
Net loss on cash flow hedges reclassified into interest expense, net

 
5,499

 

 
5,499

Other
60

 

 
(134
)
 
(74
)
Other comprehensive income
4,304

 
23,411

 
2,334

 
30,049

Balance as of December 31, 2018
(47,299
)
 
(893
)
 
(6,686
)
 
(54,878
)
Other comprehensive income (loss) before
reclassification adjustments
3,527

 
(19,045
)
 
1,000

 
(14,518
)
Net gain on pension costs reclassified into other income, net

 

 
(2,314
)
 
(2,314
)
Net loss on cash flow hedges reclassified into interest expense, net

 
3,814

 

 
3,814

Other comprehensive income (loss)
3,527

 
(15,231
)
 
(1,314
)
 
(13,018
)
Balance as of December 31, 2019
$
(43,772
)
 
$
(16,124
)
 
$
(8,000
)
 
$
(67,896
)

Common Limited Partner [Member]  
Distributions Made to Limited Partners and General Partner [Line Items]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
The following table summarizes information about quarterly cash distributions declared for our common limited partners applicable to the year ended December 31, 2019:
Quarter Ended
 
Cash Distributions Per Unit
 
Total Cash Distributions
 
Record Date
 
Payment Date
 
 
 
 
(Thousands of Dollars)
 
 
 
 
December 31, 2019
 
$
0.60

 
$
65,128

 
February 10, 2020
 
February 14, 2020
September 30, 2019
 
$
0.60

 
$
64,660

 
November 8, 2019
 
November 14, 2019
June 30, 2019
 
$
0.60

 
$
64,658

 
August 7, 2019
 
August 13, 2019
March 31, 2019
 
$
0.60

 
$
64,690

 
May 8, 2019
 
May 14, 2019