NuStar Energy
NuStar Energy operates approximately 14,000 miles of liquids pipeline and 160+ terminals across 32 countries, transporting crude, refined products, ammonia, and renewables under NuStar Logistics LP tariffs and distributing 15 billion gallons of fuel annually through the Sunoco, Peerless Oil, Aloha Petroleum, and Sunoco Race Fuels brand families.
- Company typePublic
- Founded2001
- HeadquartersSan Antonio, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What NuStar Energy does
NuStar Energy operates one of the largest independent liquids terminal and pipeline networks in North America, comprising approximately 14,000 miles of pipeline spanning 16 states and over 160 owned and operated terminals across North America, Mexico, the Greater Caribbean, and Europe. The infrastructure transports crude oil, refined products, renewable fuels, ammonia, and specialty liquids under the NuStar Logistics LP published tariff structure, while the terminal network provides bulk-liquid storage, handling, throughput, transmix, and reclamation services. The company's integrated platform also includes branded and unbranded fuel distribution of more than 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, independent dealers, and commercial customers, plus wholesale refined-product supply from the Burnaby Refinery in British Columbia, which supplies a significant share of provincial gasoline, diesel, and jet fuel.
NuStar's revenue model combines recurring, tariff-based pipeline transportation fees (governed by NuStar Logistics LP), usage-based terminal storage and throughput fees, transaction-based fuel distribution revenues across multiple brand families (Sunoco, Peerless Oil & Chemicals, Aloha Petroleum, Sunoco Race Fuels), and wholesale refined-product sales from the Burnaby Refinery. The customer base spans enterprise pipeline shippers, refiners, fuel marketers, independent dealers, and end consumers, reached through a combination of direct enterprise sales, regulated tariffs, and a partner/dealer-led retail channel. Pricing is not publicly itemized; pipeline services follow the NuStar Logistics LP tariff schedule and multi-year contracts, while terminal services are priced per commercial contract on a monthly cadence.
In 2024–2025, NuStar was acquired by Sunoco LP (NYSE: SUN), a publicly traded master limited partnership sponsored by Energy Transfer, and consolidated into Sunoco LP's Pipeline Systems segment. Sunoco LP reported record full-year 2025 adjusted EBITDA of $2.12 billion, citing successful NuStar integration alongside parallel acquisitions of Parkland Corporation and TanQuid, with 2026 adjusted EBITDA guidance of $3.1–$3.3 billion and $125 million of expected first-year Parkland synergies. NuStar no longer operates as an independent public company; its pipeline logistics entity continues to publish tariffs under the NuStar Logistics LP name within the Sunoco LP corporate structure, and the parent platform's asset base grew from $6.85 billion in 2023 to $28.36 billion in 2025.
NuStar Energy firmographics
Firmographics- Name
- NuStar Energy
- Legal name
- NuStar Logistics, L.P. (as referenced via URL slug 'nustar-logistics-lp-tariffs' on Sunoco LP website; full registered legal name of the NuStar Energy parent entity not explicitly stated in provided sources)
- Website
- https://nustarenergy.com
- Company type
- Public
- Founded year
- 2001
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Short description
- NuStar Energy operates approximately 14,000 miles of liquids pipeline and 160+ terminals across 32 countries, transporting crude, refined products, ammonia, and renewables under NuStar Logistics LP tariffs and distributing 15 billion gallons of fuel annually through the Sunoco, Peerless Oil, Aloha Petroleum, and Sunoco Race Fuels brand families.
- Ownership category
- akta.pro rank
NuStar Energy industry classification
Industry- Product category
- Midstream Energy Infrastructure
- NAICS
- Pipeline Transportation of Refined Petroleum Products (486910), Pipeline Transportation of Crude Oil (4861), Petroleum Bulk Stations and Terminals (424710), Pipeline Transportation of Refined Petroleum Products (48691)
- SIC
- Wholesale-Petroleum Bulk Stations & Terminals (5171)
- akta.pro primary industry
- Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF)
- akta.pro secondary industries
- Hazardous Liquids & Specialty Chemical Terminals (Methanol, Solvents, Sulfur) (EUALAEAL), NGL / LPG Storage & Terminals (Propane, Butane, Ethane, Y-Grade) (EUALAEAC), Gas Pipeline & Midstream Asset Management (EUAEAMAF), Underground Storage (Salt Caverns, Depleted Reservoirs) (EUALAEAE)
Keywords
Where NuStar Energy is headquartered
LocationHeadquarters
- HQ city
- San Antonio
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
NuStar Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Others
Revenue model
- Pipeline transportation tariffs: Recurring, tariff-based revenue from transporting crude oil, refined products, renewable fuels, ammonia, and specialty liquids across the 14,000-mile pipeline network. Includes the NuStar Logistics LP tariff structure for shippers.
- Terminal storage and throughput fees: Storage, handling, and throughput fees generated from the 160+ owned and operated terminals across North America, Mexico, the Greater Caribbean, and Europe.
- Fuel distribution (branded and unbranded): Revenue from distributing more than 15 billion gallons of branded and unbranded fuel annually to approximately 11,000 Sunoco and partner-branded retail locations, independent dealers, and commercial customers.
- Refined product sales (Burnaby Refinery): Wholesale sales of gasoline, diesel, and jet fuel produced at the Burnaby Refinery to supply the British Columbia market.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Pipeline transportation is priced via the NuStar Logistics LP published tariff schedule. |
| Other | Monthly | Terminal storage and throughput services priced on a commercial/contract basis. |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
NuStar Energy product offering
Product offeringCore offering
NuStar Energy operates midstream energy infrastructure including approximately 14,000 miles of multi-product pipeline across 16 states and 160+ bulk liquid storage terminals across North America, Mexico, the Greater Caribbean, and Europe. The company provides tariff-regulated pipeline transportation of crude oil, refined products, renewable fuels, ammonia, and specialty liquids under the NuStar Logistics LP tariff structure, along with terminal storage, throughput, and transmix/reclamation services. Following Sunoco LP's acquisition during 2024-2025, NuStar's assets are administered within Sunoco LP's Pipeline Systems segment, complemented by the Burnaby Refinery in British Columbia and integration with Sunoco LP's branded fuel distribution network.
Product overview
NuStar Energy was a pipeline and terminal storage operator whose assets were acquired by Sunoco LP. In the provided source material, NuStar appears only as a legacy entity integrated into Sunoco LP's Pipeline Systems segment, with a NuStar Logistics LP Tariffs page listed on the Sunoco LP website. No standalone NuStar product portfolio, modules, or branded offerings are described in the supplied sources.
Differentiator
Problem solved
Functional benefit
Products and services
- Pipeline Transportation Services Tariff-regulated, multi-product pipeline transportation of crude oil, refined products, renewable fuels, ammonia, and specialty liquids across an approximately 14,000-mile pipeline network spanning 16 states, marketed to producers, refiners, marketers, and industrial users under the NuStar Logistics LP tariff structure.
- Terminal Storage and Throughput Services Bulk liquid storage, handling, and throughput services at 160+ owned and operated terminals across North America, Mexico, the Greater Caribbean, and Europe, provided to refiners, marketers, and traders on a contract basis.
- Transmix and Reclamation Services Specialty terminal services for processing transmix and reclaiming refined products, delivered through the terminal network to refiners, marketers, and traders.
- Burnaby Refinery Operations Wholesale production and supply of gasoline, diesel, and jet fuel from the owned and operated Burnaby Refinery in British Columbia, supplying a significant share of the province's fuel demand.
Quantifiable outcome
- Distributes over 15 billion gallons of fuel annually to approximately 11,000 retail locations
- +3 more outcomes
Companies that use NuStar Energy
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
NuStar Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NuStar Energy partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core and minor.
- Sunoco LPflagshipNuStar was acquired by Sunoco LP and is now fully integrated into Sunoco LP's Pipeline Systems segment, contributing to record adjusted EBITDA of $2.12 billion in 2025 and informing 2026 EBITDA guidance of $3.1–$3.3 billion. NuStar Logistics LP continues to operate as the tariff-regulated pipeline entity within the Sunoco LP corporate structure, with pipeline tariffs published at the 'NuStar Logistics LP Tariffs' page.
- Energy TransferflagshipEnergy Transfer is the parent/sponsor of Sunoco LP and is linked from the Sunoco LP corporate website footer. As the ultimate parent of the NuStar-containing platform, Energy Transfer provides corporate, capital, and operational support across the enterprise.
- Parkland CorporationcoreParkland was acquired by Sunoco LP alongside NuStar as part of an aggressive acquisition strategy that grew assets from $6.85 billion in 2023 to $28.36 billion in 2025. The integration of Parkland is expected to deliver $125 million in synergies within the first year and supports 2026 EBITDA guidance of $3.1–$3.3 billion.
- TanQuidcoreTanQuid was acquired by Sunoco LP alongside NuStar and Parkland as part of an aggressive acquisition strategy that diversified operational segments and significantly increased projected Adjusted EBITDA to between $3.1 billion and $3.3 billion by 2026.
- AGA Khan FoundationminorSunoco LP is a proud Transformational Sponsor of the AGA Khan Foundation. The foundation logo is featured on the Sunoco LP homepage as a corporate social responsibility/brand alignment partnership.
- Aloha PetroleumcoreAloha Petroleum is one of the four featured global brands under Sunoco LP, providing commercial fuel solutions across Hawaii with 60+ years of experience in bulk fuel delivery, on-site fueling, lubricants, and DEF.
- Peerless Oil & ChemicalscorePeerless Oil & Chemicals, in operation since 1958, is a featured Sunoco LP global brand serving Puerto Rico as one of the Caribbean's most trusted fuel providers.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
NuStar Energy competitors and assessment
Company assessmentDirect peers
- Kinder Morgan: Largest U.S. operator of refined products pipelines and one of the largest natural gas midstream players, with significant terminal assets. Comparable to NuStar on tariff-regulated refined product transportation and terminal throughput scale.
- Enterprise Products Partners: One of the largest U.S. midstream energy companies with an extensive crude oil, refined products, NGL, and petrochemical pipeline and terminal network. Directly comparable to NuStar's integrated pipeline/terminal business across similar products and U.S. geographies.
- HF Sinclair (HollyFrontier): U.S. refining and midstream company with pipeline, terminal, and refined products distribution operations. Comparable to NuStar's integrated midstream/downstream model and to its refining presence (Burnaby) on a smaller scale.
- Buckeye Partners: Operates a refined products pipeline network and one of the largest independent liquid petroleum gas terminal networks in the U.S. Directly comparable to NuStar on refined products pipelines and bulk liquid storage.
- Plains All American Pipeline: Major North American midstream operator with a large crude oil pipeline network and significant terminal/storage assets. Directly comparable to NuStar on the crude transportation side of the business and on U.S. geographic concentration.
- Magellan Midstream Partners: Operates a long-haul refined products and crude oil pipeline system plus extensive terminal storage across the U.S. Closest direct peer to NuStar's refined products pipeline and terminal franchise, with similar tariff-based revenue model.
Emerging players
- Targa Resources: Primarily an NGL-focused midstream operator with growing crude and refined products logistics exposure. Comparable to NuStar on multi-product pipeline/terminal operations, though with a different product mix centered on NGLs.
Broad incumbents
- Energy Transfer: Ultimate parent of Sunoco LP and therefore of NuStar; operates one of the largest and most diversified midstream energy networks in the U.S. Highly comparable platform overlap with NuStar's pipeline and terminal scope, but as a much broader multi-product midstream incumbent.
- Marathon Petroleum: One of the largest U.S. refiners with significant midstream and retail marketing operations. Comparable to NuStar's downstream fuel distribution platform and refinery-linked logistics, with similar customer mix across retail and commercial accounts.
- Phillips 66: Integrated refiner and marketer with substantial midstream and fuel distribution assets. Comparable to NuStar's combined pipeline, terminal, and downstream fuel distribution footprint, though operated as part of a larger refining-led enterprise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
NuStar Energy social profiles
Digital presenceNuStar Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
NuStar Energy leadership team
Management profileNumber of profiles
Profiles11 records
NuStar Energy funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NuStar Energy M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NuStar Energy
What does NuStar Energy do?
NuStar Energy operates midstream energy infrastructure including approximately 14,000 miles of multi-product pipeline across 16 states and 160+ bulk liquid storage terminals across North America, Mexico, the Greater Caribbean, and Europe. The company provides tariff-regulated pipeline transportation of crude oil, refined products, renewable fuels, ammonia, and specialty liquids under the NuStar Logistics LP tariff structure, along with terminal storage, throughput, and transmix/reclamation services. Following Sunoco LP's acquisition during 2024-2025, NuStar's assets are administered within Sunoco LP's Pipeline Systems segment, complemented by the Burnaby Refinery in British Columbia and integration with Sunoco LP's branded fuel distribution network.
Is NuStar Energy a public or private company?
NuStar Energy is a public company. It is classified as corporate owned and is currently acquired.
When was NuStar Energy founded?
NuStar Energy was founded in 2001. It employs 5,001 to 10,000 people.
Where is NuStar Energy based?
NuStar Energy is headquartered in San Antonio, United States, in the North America region.
How does NuStar Energy make money?
Four revenue lines are on record. Pipeline transportation tariffs are the primary driver. The others are terminal storage and throughput fees, fuel distribution (branded and unbranded) and refined product sales (Burnaby Refinery).
Who are NuStar Energy's main competitors?
Direct peers on record are Kinder Morgan, Enterprise Products Partners, HF Sinclair (HollyFrontier), Buckeye Partners, Plains All American Pipeline and Magellan Midstream Partners. Targa Resources is listed as an emerging player. Broad incumbents are Energy Transfer, Marathon Petroleum and Phillips 66.
Does NuStar Energy have an API?
No public API is recorded for NuStar Energy.
What industry is NuStar Energy in?
NuStar Energy's product category is Midstream Energy Infrastructure. Its primary akta.pro industry code is EUAEAGAF, Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations), with a secondary code of EUALAEAL, Hazardous Liquids & Specialty Chemical Terminals (Methanol, Solvents, Sulfur). Its NAICS code is 486910 and its SIC code is 5171.