Forward Looking Statements
|
|
- Camron Sims
- 5 years ago
- Views:
Transcription
1 1
2 Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995 regarding future events and the future financial performance of NuStar Energy L.P. and NuStar GP Holdings, LLC. All forward-looking statements are based on the companies beliefs as well as assumptions made by and information currently available to the companies. These statements reflect the companies current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in NuStar Energy L.P. and NuStar GP Holdings, LLC s filings with the Securities and Exchange Commission. 2
3 NuStar Overview 3
4 NuStar Overview A leading publicly traded growthoriented partnership (NYSE: NS) One of the largest independent petroleum pipeline and terminal operators in the U.S. Second largest independent liquids Public Unitholders 36,563,957 NSH Units 86.0% Membership Interest NYSE: NSH William E. Greehey 5,944,418 NSH Units 14.0% Membership Interest terminal operator in the world Total unitholder return of around Public Unitholders 39,577,419 NS Units 77.7% L.P. Interest 2.0% G.P. Interest 20.3% L.P. Interest Incentive Distribution Rights 250% since April 2001 IPO Public owns approximately 78% of NYSE: NS NuStar Energy L.P. s common units NuStar GP Holdings, LLC (NYSE: NSH) holds remaining ownership of NuStar Energy L.P. including 2% general partner, 20.3% of NuStar Energy L.P. s common units and incentive distribution rights 4
5 Current Map of Operations Assets Stats: 9,113 miles of crude oil and refined product pipelines 85 terminal facilities and four crude oil storage tank facilities Approximately 81 million barrels of storage capacity 5
6 Pro Forma Map of Operations with CITGO Asphalt Refining Company Albany New Haven Bronx Perth Amboy St. Louis Hopewell Bristol Fulcro Gainesville Gwinnett Lithonia Charlotte Charleston CITGO-Wilmington Wilmington Tampa CITGO Asphalt Refinery NuStar Terminals Leased to CITGO CITGO owned Terminal CITGO leased Terminal Assets Stats: 9,113 miles of crude oil and refined product pipelines 88 terminal facilities and four crude oil storage tank facilities Nearly 86 million barrels of storage capacity with CITGO Asphalt 2 asphalt refineries capable of processing 104,000 bpd of crude oil 6
7 Sustained Growth Over Time Assets have grown over 11 times since April 2001 IPO Total Assets Pro Forma ~$4.4 billion $387 million /30/2007 Pro Forma 2008 Royal Trading Co. April 2001 Wichita Falls, South TX pipeline 2 asphalt St. James Crude Oil MLP IPO TX Business system terminals Facility CITGO Asphalt (OK & NM) Refining Company Southlake, TX terminal Crude oil storage facilities at Ringgold, TX UDS acquired by Valero Energy on December 31, 2001 Southlake, TX refined product pipeline Paulsboro, NJ refined product terminal Interest in Asphalt terminal Amarillo / (Pittsburg, CA) Abernathy / Lubbock, TX refined product pipeline Joint Venture - Dos Laredos propane terminal and pipeline system in South TX/Mexico Kaneb acquisition 4 pipeline systems; over 5,000 miles 79 terminal facilities Construction of more than 110 miles of pipeline in Northern Mexico/ South TX 3.3 million barrels of storage capacity Interest in Capwood pipeline (57-mile pipeline) in March
8 Currently In the Midst of the Largest Internal Growth Program in the History of the Partnership NuStar Internal Growth Capex (Dollars in Millions) $214 Portland Vancouver $158 Stockton Linden & Optimization Baltimore $90 Savannah Jacksonville Amsterdam Terminal Expansion $2 $21 $20 $ Budget 2007 Forecast Texas City St. James Ammonia Pipeline lateral St. Eustatius Terminal Expansion Numerous high-return storage and pipeline projects 2007 internal growth capital forecast around $55 million higher than 2007 budget Nearly all of the projects expected to be completed on time and on budget, despite increases in labor and material costs Most expected to be completed in early to mid-2008.benefiting 2008 results 8
9 Distribution Growth NuStar Energy L.P. Quarterly Distribution Increases ~8% Y-o-Y growth $0.95 $0.985 NuStar GP Holdings, LLC Quarterly Distribution Increases ~12.5% Y-o-Y growth $0.32 $0.32 $0.34 $0.36 $0.915 $0.915 $0.915 $0.885 $ * 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 3Q06 4Q06 1Q07 2Q07 3Q07 NuStar Energy L.P. increased the 3 rd quarter 2007 distribution to $0.985 per unit, or $3.94 per unit on an annual basis Increase of 7 cents per unit, or 7.7% over the $0.915 distribution for the 3 rd quarter of 2006 Strong coverage ratio of 1.36 times applicable to the limited partners Cost of capital lower as incentive distribution rights are capped at 25% NuStar GP Holdings, LLC increased the 3 rd quarter 2007 distribution to $0.36 per unit, or $1.44 per unit on an annual basis Increase of 4 cents per unit, or 12.5%, over the initial quarterly distribution of $0.32 per unit * Initial quarterly distribution for NSH is prorated for the period from closing of the initial public offering on July 19, 2006 to September 30, 2006 and is based on an initial quarterly distribution of $0.32 per unit. 9
10 Acquisition of CITGO Asphalt Refining Company 10
11 NuStar Energy L.P. to Acquire CITGO Asphalt Refining Company Purchase price of $450 million, plus an estimated $100 million for working capital at closing Expected to become the largest asphalt producer on the U.S. East Coast Attractive fundamentals expected to lead to higher asphalt margins Expected to be accretive to NuStar Energy L.P. s distributable cash flow Expect transaction to close around yearend
12 CITGO Asphalt Asset Overview Business comprised of two refineries, three owned terminals, and leases on 20 third-party terminals Paulsboro, NJ Refinery: 74 mbpd Asphalt production is shipped to the Northeast Total storage capacity of 3.4 million barrels Savannah, GA Refinery: 30 mbpd Asphalt production shipped to the Southeast Sole refinery and asphalt producer on the Southeast seaboard Total storage capacity of 1.2 million barrels Wilmington, North Carolina Terminal Total storage capacity of 240,000 barrels 20 third-party leased terminals with total asphalt storage capacity of 3.8 million barrels Commitment to purchase annual average of 75,000 bpd of crude and 25,000 bpd asphalt per year over minimum 7 year period In 2006, these assets produced and marketed over 27 million barrels of asphalt and 9 million barrels of light products 12
13 Strategic Rationale Asphalt is a niche market Assets have been ignored by refinery consolidators and trade at discounts to replacement cost Two asphalt refineries being acquired at around 50% of replacement value Global supply/demand fundamentals for asphalt expected to benefit U.S. asphalt market Expect to see sustained increase in asphalt margins due to a tightening market Asphalt business generally insulated from economic downturns Potential to invest capital in high return projects at refineries Due to under-investment by previous owner, numerous low-hanging fruit projects available Continues to diversify NuStar s customer base and expands geographic presence NuStar is well-positioned to manage asphalt business Plan to leverage refining and marketing knowledge Anticipate opportunities for marketing, supply and trading businesses Expect to add attractive level of accretion to cash flows 13
14 CITGO Asphalt Acquisition Expected to be Distributable Cash Flow Accretive Financial projections for the asphalt business based on our projected economics Based on our forward projections, $675 million enterprise value (including $225 million of average inventories) represents a forward EBITDA multiple typical for refining assets Expect to holdback 50% of cash flow from asphalt business to account for volatility Maintaining a 2.0 times coverage ratio on cash flows from asphalt business Expect to see a material contribution to cash flows starting in the second quarter of 2008 Distributable cash flow per unit accretion, assuming 50% holdback, expected to be in the range of mid-to-high single digit percent for NuStar Energy L.P. and close to double that for NuStar GP Holdings, LLC 14
15 East Coast and West Coast are currently net short asphalt Previously, demand met by excess Mid- Continent and Gulf Coast production and further supplemented by imports Now, coker projects in Gulf Coast and Mid-Continent are expected to reduce asphalt supply Resulting imbalance expected to result in higher imports Shifting trade patterns expected to affect logistics requirements Shifting trade flows expected to drive margins upward and create further opportunities for NuStar Coker Additions Expected to Shift U.S. Asphalt Trade Patterns 2006 U.S. Inter-PADD Trade Flows 8 3 (thousands of barrels per day) Imports from: Latin America Canada Europe Africa Projected 2012 U.S. Inter-PADD Trade Flows (thousands of barrels per day) Imports from: Latin America Canada Europe Africa Sources: Poten & Partners; PIRA Refinery Database, Energy Information Agency 15 Note: Assumes no reduction in coker utilization rates and fuel oil production
16 Investment Highlights One of the largest independent petroleum pipeline and terminal liquids operators in the world Proven track record of growth and value creation through acquisitions and internal growth projects In the midst of the largest capital expenditure program in the history of the partnership Majority of $400 million construction program is underway One of only a few partnerships with incentive distribution rights capped at 25% Lower cost of capital makes NuStar more competitive in the acquisition market Acquisition of CITGO Asphalt Refining Company expected to provide attractive accretion to distributable cash flow Excellent opportunity to acquire assets at an attractive price Enhances ability to make future distribution increases 16
17 17
Forward Looking Statements
1 Forward Looking Statements This presentation contains certain estimates, predictions, projections, assumptions and other forward-looking statements that involve various risks and uncertainties. While
More informationJefferies 2014 Global Energy Conference. November 11 & 12, 2014
Jefferies 2014 Global Energy Conference November 11 & 12, 2014 Forward Looking Statements Statements contained in this presentation that state management s expectations or predictions of the future are
More informationNuStar Energy, L.P. NEUTRAL ZACKS CONSENSUS ESTIMATES (NS-NYSE) SUMMARY
March 13, 2015 NuStar Energy, L.P. Current Recommendation Prior Recommendation Underperform Date of Last Change 09/26/2013 Current Price (03/12/15) $60.71 Target Price $63.00 NEUTRAL SUMMARY (NS-NYSE)
More information2017 MLPA. Master Limited Partnership Investor Conference
2017 MLPA Master Limited Partnership Investor Conference MAY 31 June 1, 2017 Forward-Looking Statements Statements contained in this presentation other than statements of historical fact are forward-looking
More informationTransMontaigne Partners L.P. (NYSE TLP) Wells Fargo Energy Symposium December 9 th and 10 th, 2014
TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo Energy Symposium December 9 th and 10 th, 2014 Forward Looking Statements All statements, other than statements of historical facts, contained herein
More informationWells Fargo. Securities Energy Symposium
Wells Fargo Securities - 2016 Energy Symposium December 6, 2016 Forward-Looking Statements Statements contained in this presentation that state management s expectations or predictions of the future are
More information2017 Citi. One-on-One MLP / Midstream Infrastructure Conference
2017 Citi One-on-One MLP / Midstream Infrastructure Conference Aug 16 17, 2017 Forward-Looking Statements Statements contained in this presentation other than statements of historical fact are forward-looking
More informationBuckeye Partners, L.P. Master Limited Partner Conference February 2005
Buckeye Partners, L.P. Master Limited Partner Conference February 2005 Forward Looking Statements This presentation may include forward-looking statements within the meaning of Section 27A of the Securities
More informationNYSE: MMP. MLP and Energy Infrastructure Conference
NYSE: MMP MLP and Energy Infrastructure Conference Orlando May 23, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationNYSE: MMP. SunTrust Midstream Summit
NYSE: MMP SunTrust Midstream Summit New York City May 10, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationNYSE: MMP. Citi One-on-One MLP / Midstream Infrastructure Conference
NYSE: MMP Citi One-on-One MLP / Midstream Infrastructure Conference Las Vegas Aug. 15-16, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal
More informationTransMontaigne Partners L.P. (NYSE TLP) Wells Fargo th Annual Energy Symposium December 10 th, 2013
TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo 2013 12 th Annual Energy Symposium December 10 th, 2013 Forward Looking Statements All statements, other than statements of historical facts, contained
More informationNYSE: MMP. RBC Capital Markets Midstream Conference
NYSE: MMP RBC Capital Markets Midstream Conference Dallas Nov. 13, 2018 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationWells Fargo Annual Pipeline and MLP Symposium
Wells Fargo Annual Pipeline and MLP Symposium New York City Dec. 2017 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationAcquisition of Navigator Energy Services, LLC
Acquisition of Navigator Energy Services, LLC April 2017 Forward-Looking Statements Statements contained in this presentation other than statements of historical fact are forward-looking statements. While
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) Master Limited Partnership Association 2016 Investor Conference June 2016 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics
More informationInvestor Presentation. Third Quarter 2015
Investor Presentation Third Quarter 2015 Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning of Section 27A of the Securities
More informationMARTIN MIDSTREAM PARTNERS L.P. Bank of America High Yield Energy & Power Leveraged Finance Conference JUNE 2, 2015
MARTIN MIDSTREAM PARTNERS L.P. Bank of America High Yield Energy & Power Leveraged Finance Conference JUNE 2, 2015 USE OF NON-GAAP FINANCIAL MEASURES This presentation includes certain non-gaap financial
More informationPBF Energy (NYSE: PBF)
PBF Energy (NYSE: PBF) Acquisition of ExxonMobil s Torrance Refinery October 1, 2015 Safe Harbor Statement Statements in this presentation relating to future plans, results, performance, expectations,
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) UBS MLP One-on-One Conference January 2017 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics LP ( PBFX ), PBF Energy Inc.
More informationMorgan Stanley Midstream MLP and Diversified Natural Gas Corporate Access Event
Morgan Stanley Midstream MLP and Diversified Natural Gas Corporate Access Event March 4-5, 2014 LEGAL NOTICE/FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements that we believe
More informationArc Logistics Partners LP Investor Presentation May 2015
Arc Logistics Partners LP Investor Presentation May 2015 Cautionary Note Forward Looking Statements Certain statements and information in this presentation may constitute "forward-looking statements."
More informationenergy partners lp Investor Update June 2018
energy partners lp Investor Update June 2018 Disclaimers This presentation contains forward-looking statements made by Valero Energy Corporation ( VLO or Valero ) and Valero Energy Partners LP ( VLP or
More informationPBF Energy Inc. (NYSE: PBF) January 2017 Investor Presentation
PBF Energy Inc. (NYSE: PBF) January 2017 Investor Presentation Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of
More informationArc Logistics Partners LP Investor Presentation March 2015
Arc Logistics Partners LP Investor Presentation March 2015 Vince Cubbage - CEO, Chairman and Director Bradley Oswald - Senior Vice President, CFO and Treasurer Cautionary Note Forward Looking Statements
More informationSimplification and Financial Repositioning February 8, 2018
Simplification and Financial Repositioning February 8, 2018 Note: We have revised slides 10 & 11, as described in the footnotes thereto, to clarify our basis of presentation Investor Notice In connection
More informationCasper Terminal Acquisition
Casper Terminal Acquisition October 2015 Cautionary Statements This presentation may contain forward-looking statements within the meaning of U.S. federal securities laws, including statements related
More informationBuckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company April 23, 2009
Buckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company April 23, 2009 1 Buckeye Partners, L.P. Buckeye GP Holdings L.P. Forward Looking Statement Certain statements contained
More informationDelek US Holdings, Inc./ Delek Logistics Partners, LP Wells Fargo Energy Symposium December 2013
Delek US Holdings, Inc./ Delek Logistics Partners, LP Wells Fargo Energy Symposium December 2013 Safe Harbor Provision Delek US Holdings and Delek Logistics Partners, LP are traded on the New York Stock
More informationCreating Superior Value Go for Extraordinary
Creating Superior Value Go for Extraordinary Mizuho Energy Summit April 9-10, 2018 Forward Looking Statements This presentation (and oral statements made regarding the subjects of this presentation) includes
More informationForward Looking Statements
(NYSE:TLP) May 2018 Forward Looking Statements All statements contained herein and made by representatives of TransMontaigne Partners L.P. (the Partnership ) during this presentation, other than statements
More informationCiti MLP / Midstream Infrastructure Conference. Las Vegas Aug. 2016
Citi MLP / Midstream Infrastructure Conference Las Vegas Aug. 2016 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management
More informationINVESTOR PRESENTATION DECEMBER 2018
INVESTOR PRESENTATION DECEMBER 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning
More informationThe Rise of a Refining & Marketing Major
Bill Greehey Chairman and CEO Jean Gaulin Chairman and CEO The Rise of a Refining & Marketing Major May 2001 1 Safe Harbor Statement Statements contained in this presentation that state either company
More informationMarathon Petroleum Corporation Reports First-Quarter 2015 Results
Marathon Petroleum Corporation Reports First-Quarter 2015 Results Reported record first-quarter earnings of $891 million ($3.24 per diluted share) Converted over 400 of the 1,245 new retail sites to the
More informationWells Fargo Wells Fargo 2014 Energy Symposium Annual Energy Symposium
Wells Fargo Wells Fargo 2014 Energy Symposium Annual Energy Symposium New York City Dec. 2014 New York City Dec. 2015 1 Forward-Looking Statements Portions of this document constitute forward-looking statements
More informationCredit Suisse MLP and Energy Logistics Conference. June 26-27, 2013
Credit Suisse MLP and Energy Logistics Conference June 26-27, 2013 Legal Disclaimer This presentation relates to meetings among members of management of Energy Transfer Partners, L.P. (ETP), Energy Transfer
More informationMaster Limited Partnership Association Annual Investor Conference. Orlando June 2016
Master Limited Partnership Association Annual Investor Conference Orlando June 2016 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law.
More informationMidcoast Energy Partners, L.P. Investment Community Presentation. March 2014
Midcoast Energy Partners, L.P. Investment Community Presentation March 2014 Forward Looking Statement This presentation includes forward-looking statements, which are statements that frequently use words
More informationINVESTOR PRESENTATION MAY 2018
INVESTOR PRESENTATION MAY 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning of
More informationCredit Suisse MLP and Energy Logistics Conference
Credit Suisse MLP and Energy Logistics Conference New York City June 2014 www.magellanlp.com Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal
More informationBuckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company Annual LP Conference April 21, 2010
Buckeye GP Holdings L.P. (NYSE: BGH) Buckeye Partners, L.P. (NYSE: BPL) Kelso & Company Annual LP Conference April 21, 2010 Forward Looking Statement Certain statements contained in this presentation or
More informationSHELL MIDSTREAM PARTNERS, L.P.
Exhibit 99.1 SHELL MIDSTREAM PARTNERS, L.P. 4th QUARTER 2015 UNAUDITED RESULTS Strong operational performance generated $67.9 million of cash available for distribution as well as $65.5 million adjusted
More informationShai Even. Senior Vice President & Chief Financial Officer Citi 2015 MLP/Midstream Infrastructure Conference August 2015
Shai Even Senior Vice President & Chief Financial Officer Citi 2015 MLP/Midstream Infrastructure Conference August 2015 Forward-Looking Statements All statements contained in or made in connection with
More informationDriven to Create Value
Driven to Create Value Bank of America Refining Conference March 2016 2015 Corporation. All Rights Reserved. Forward Looking Statements This Presentation includes forward-looking statements within the
More informationAmerican Midstream Partners to merge with JP Energy Partners, creating a $2 billion diversified midstream MLP
American Midstream Partners to merge with JP Energy Partners, creating a $2 billion diversified midstream MLP Transformational merger creates strategic midstream platform Enhance access to capital sources;
More informationMARTIN MIDSTREAM PARTNERS L.P. Deutsche Bank Leveraged Finance Conference September 29, 2015
MARTIN MIDSTREAM PARTNERS L.P. Deutsche Bank Leveraged Finance Conference September 29, 2015 USE OF NON-GAAP FINANCIAL MEASURES This presentation includes certain non-gaap financial measures such as EBITDA
More informationINVESTOR PRESENTATION JANUARY 2018
INVESTOR PRESENTATION JANUARY 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning
More informationBuckeye Partners, L.P. Wachovia Pipeline and MLP Symposium - December 2008
Buckeye Partners, L.P. Wachovia Pipeline and MLP Symposium - December 2008 1 Buckeye Partners, L.P. Forward Looking Statement Certain statements contained in this presentation or made by representatives
More informationPawnee Terminal Acquisition July 2015
Pawnee Terminal Acquisition July 2015 Cautionary Note Forward Looking Statements Certain statements and information in this presentation may constitute "forward-looking statements." Certain expressions
More informationFourth-Quarter 2017 Earnings Conference Call Presentation. February 1, 2018
Fourth-Quarter 2017 Earnings Conference Call Presentation February 1, 2018 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws
More informationDriven to Create Value Goldman Sachs 2017 Global Energy Conference January 2017
Driven to Create Value Goldman Sachs 2017 Global Energy Conference January 2017 2015 Corporation. All Rights Reserved. Forward Looking Statements On November 17, 2016, we announced our plans to acquire
More information2015 UBS MLP 1x1 Conference Park City, Utah January 13-14, 2015
2015 UBS MLP 1x1 Conference Park City, Utah January 13-14, 2015 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements that we believe to be reasonable as of the date of this
More informationInvestor Presentation
Investor Presentation May 2016 Forward Looking Statements The following presentation contains forward-looking statements based on management s current expectations and beliefs, as well as a number of assumptions
More informationTEPPCO Partners, L.P. Follow-on Equity Offering May 2005
TEPPCO Partners, L.P. Follow-on Equity Offering May 2005 Forward-Looking Statements 1 The material and information furnished in this presentation contains forwardlooking statements as such are described
More informationShai Even Senior Vice President & Chief Financial Officer Citi One-on-One MLP/Midstream Infrastructure Conference - August 2014
Shai Even Senior Vice President & Chief Financial Officer Citi One-on-One MLP/Midstream Infrastructure Conference - August 2014 Forward-Looking Statements All statements contained in or made in connection
More informationNews Release NYSE: BPL
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President & Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationMaster Limited Partnership Association Investor Conference
Master Limited Partnership Association Investor Conference Orlando May 31 June 1, 2017 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal
More informationPBF Energy March 2018
PBF Energy March 2018 1 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of PBF Logistics LP ( PBFX, or Partnership,
More informationSUNOCO LP INVESTOR UPDATE
SUNOCO LP INVESTOR UPDATE November 2014 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP and Energy Transfer Partners, L.P. and
More information(NYSE:TLP) Master Limited Partnership Association (MLPA) Conference
(NYSE:TLP) Master Limited Partnership Association (MLPA) Conference June 1, 2017 Forward Looking Statements All statements, other than statements of historical facts, contained herein and made by representatives
More informationSecond-Quarter 2017 Earnings Conference Call Presentation. July 27, 2017
Second-Quarter 2017 Earnings Conference Call Presentation July 27, 2017 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding
More information2012 Wells Fargo Securities Research & Economics 11 th Annual Pipeline, MLP and Energy. Symposium
2012 Wells Fargo Securities Research & Economics 11 th Annual Pipeline, MLP and Energy Symposium December 4-5, 2012 Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document
More informationThird-Quarter 2017 Earnings Conference Call Presentation. October 26, 2017
Third-Quarter 2017 Earnings Conference Call Presentation October 26, 2017 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws
More informationUBS MLP One-on-One Conference
UBS MLP One-on-One Conference January 12-13 Park City, UT Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning of Section 27A
More informationSHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q RESULTS ANNOUNCEMENT
SHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q2 2016 RESULTS ANNOUNCEMENT August 4, 2016 DEFINITIONS AND CAUTIONARY NOTE This presentation includes various forward-looking statements within the meaning of Section
More informationMidcoast Energy Partners, L.P. NGSET Pipeline Roundtable Presentation. March 2014
Midcoast Energy Partners, L.P. NGSET Pipeline Roundtable Presentation March 2014 Forward Looking Statement This presentation includes forward-looking statements, which are statements that frequently use
More informationTransMontaigne Announces Third Quarter Results
TransMontaigne Announces Third Quarter Results Achieved record levels of revenue, Consolidated EBITDA and distributable cash flow for the third quarter of 2018 Revenue for the third quarter of 2018 totaled
More informationArc Logistics Partners LP Announces Fourth Quarter and Full Year 2016 Results
Arc Logistics Partners http://arcxlp.com Arc Logistics Partners LP Announces Fourth Quarter and Full Year 2016 Results NEW YORK, March 13, 2017 (GLOBE NEWSWIRE) -- Arc Logistics Partners LP ("Arc Logistics"
More informationEvercore ISI Energy Summit. Houston March 7, 2017
Evercore ISI Energy Summit Houston March 7, 2017 1 Forward-Looking Statements Portions of this document constitute forward-looking statements as defined by federal law. Although management believes any
More informationINVESTOR UPDATE. April 2015
INVESTOR UPDATE April 2015 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and Energy Transfer Partners, L.P. ( ETP
More informationInvestor Presentation
Investor Presentation March 2013 Forward-Looking Statements All statements contained in or made in connection with this presentation that are not statements of historical fact are forward-looking statements
More informationPBF Energy Inc. (NYSE: PBF)
PBF Energy Inc. (NYSE: PBF) Investor Presentation January 2016 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of
More informationLETTER TO UNITHOLDERS FOR 2013
LETTER TO UNITHOLDERS FOR 2013 We had a very successful 2013 at Kinder Morgan Energy Partners, L.P. (NYSE: KMP). KMP declared distributions of $5.33 per unit, up 7 percent from 2012, and exceeded our annual
More informationMay 9, First Quarter 2018 Results Earnings Conference Call
May 9, 2018 Earnings Conference Call Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA and Total Segment Profit, are not GAAP measures and are not intended to be used in lieu of
More informationInvestor Presentation: UBS MLP Conference January 2016
Investor Presentation: UBS MLP Conference January 2016 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward looking statements
More informationTransMontaigne Partners Announces Third Quarter 2017 Results
TransMontaigne Partners Announces Third Quarter 2017 Results Net earnings for the third quarter of 2017 totaled $11.0 million, compared to $11.9 million in the prior year third quarter Consolidated EBITDA
More informationAcquisition of Chevron s Pembroke Refinery, Marketing and Logistics Assets in the United Kingdom and Ireland. March 2011
Acquisition of Chevron s Pembroke Refinery, Marketing and Logistics Assets in the United Kingdom and Ireland March 2011 Safe Harbor Statement Statements contained in this presentation that state the Company
More informationTesoro Logistics LP NYSE: TLLP Citi MLP/Midstream Infrastructure Conference August 2012
Tesoro Logistics LP NYSE: TLLP 2012 Citi MLP/Midstream Infrastructure Conference August 2012 Forward Looking Statements This Presentation includes forward-looking statements. These statements relate to,
More informationINVESTOR UPDATE. March 2015
INVESTOR UPDATE March 2015 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and Energy Transfer Partners, L.P. ( ETP
More informationPBF Energy June 2018
PBF Energy June 2018 1 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of PBF Logistics LP ( PBFX, or Partnership,
More informationMay 24, 2018 MLP & Energy Conference
May 24, 2018 MLP & Energy Conference Carlin Conner, CEO Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA and Total Segment Profit, are not GAAP measures and are not intended to
More informationFull year 2018 performance driven by continued strength in the Gulf of Mexico, capturing organic growth opportunities.
The Partnership reported $141.1 million of net income attributable to the partnership, $140.8 million of net cash provided by operating activities, $178.7 million of adjusted EBITDA attributable to the
More informationInvestor Presentation April 2012
Investor Presentation April 2012 Safe Harbor Provision Delek US Holdings is traded on the New York Stock Exchange in the United States under the symbol DK and, as such, is governed by the rules and regulations
More informationCREDIT SUISSE 2015 MLP & ENERGY LOGISTICS CONFERENCE. June 23, 2015
CREDIT SUISSE 2015 MLP & ENERGY LOGISTICS CONFERENCE June 23, 2015 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and
More informationInvestor Presentation: May 2016
Investor Presentation: May 2016 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward looking statements within the meaning of
More informationCautionary Note. Forward Looking Statements
Cautionary Note Forward Looking Statements Certain statements and information in this presentation constitute "forward-looking statements." Certain expressions including believe, expect, intends, or other
More informationNews Release NYSE: BPL
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President & Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationInvestor Presentation August 2012
Investor Presentation August 2012 Safe Harbor Provision Delek US Holdings is traded on the New York Stock Exchange in the United States under the symbol DK and, as such, is governed by the rules and regulations
More informationCalumet Pro-Forma Review. Company Profile Post Sale of Superior Refinery
Calumet Pro-Forma Review Company Profile Post Sale of Superior Refinery NOVEMBER 10, 2017 Forward-Looking Statements This Presentation has been prepared by Calumet Specialty Products Partners, L.P. (the
More information-INVESTOR PRESENTATION- November 2014
-INVESTOR PRESENTATION- November 2014 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and Energy Transfer Partners,
More informationInvestor Presentation
PEOPLE PROCESS TECHNOLOGY Investor Presentation December 2018 Forward-Looking Statements Under the Private Securities Litigation Reform Act of 1995 This document may contain or incorporate by reference
More information1,800,000 Common Units. Representing Limited Partner Interests
PROSPECTUS SUPPLEMENT (To Prospectuses dated May 16, 2002 and November 3, 2003) 1,800,000 Common Units 11DEC200317200105 Representing Limited Partner Interests We are selling 1,800,000 common units with
More informationDriving Distinctive Growth Goldman Sachs 2017 Global Energy Conference January 2017
Driving Distinctive Growth Goldman Sachs 2017 Global Energy Conference January 2017 2015 Tesoro Corporation. All Rights Reserved. Forward Looking Statements On November 17, 2016, our sponsor, Tesoro Corporation,
More informationUtica Midstream Summit MarkWest Update. April 4, 2018
Utica Midstream Summit MarkWest Update April 4, 2018 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding MPLX LP ( MPLX
More informationWells Fargo Pipeline, MLP and Energy Symposium
Wells Fargo Pipeline, MLP and Energy Symposium December 10, 2013 LEGAL NOTICE/FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements that we believe to be reasonable as of the
More informationMagellan Midstream Partners, L.P. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationWELLS FARGO SECURITIES 2014 ENERGY SYMPOSIUM. December 9, 2014
WELLS FARGO SECURITIES 2014 ENERGY SYMPOSIUM December 9, 2014 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN ) and Energy
More informationNews Release NYSE: BPL
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President & Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationSTRATEGIC CONSULTING AND INDUSTRY ADVISORY SERVICES Merger and Acquisition Support
Baker & O Brien s due diligence experts often work closely with and advise financial teams on a wide range of technical and economic issues that impact the hydrocarbon processing industries. Our consultants
More information