Company Profile
NuStar GP, LLC
Company Overview
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has 8,659 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 93 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.
Company History
Since it went public in 2001, NuStar Energy L.P. has grown from 160 employees to about 1,600 today; from $387 million in assets to $5 billion; and from $100 million in revenues to $3.1 billion in 2014.
As a result of its growth, NuStar currently has 8,659 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 93 million barrels of storage capacity at its facilities around the world, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.
Known for its special caring and sharing culture, NuStar has been ranked as one of FORTUNE’s “100 Best Companies to Work For” for seven consecutive years, recognized with many national safety awards, and lauded for its tremendous commitment to community service.
NuStar Energy GP LLC is an Equal Opportunity/Affirmative Action Employer including Women, Minorities, Veterans and Individuals with Disabilities.
Notable Accomplishments / Recognition
SAN ANTONIO--(BUSINESS WIRE)--Jan. 16, 2014-- NuStar Energy L.P. (NYSE: NS) announced today that it ranked No. 26 on the 100 Best Companies to Work For list, which will appear in the February 3 issue of FORTUNE. NuStar, which has made the list for six consecutive years, moved up 12 places from last year when the company was ranked No. 38.
NuStar is one of only five energy companies on the magazine’s 17th annual top employer list, and one of only three San Antonio-based companies.
“We are always proud to be recognized on this list as it’s a true reflection of the positive attitude and can-do spirit of our employees,” said NuStar President and CEO Brad Barron. “Our employees are the No. 1 reason that we have a great company, as they work day in and day out to run our operations safely and reliably, give back to our communities, and make NuStar a great place to work.
“Of course, this honor would not have been possible without the special corporate culture created by Bill Greehey, our Chairman of the Board, and Curt Anastasio, our founding CEO who recently retired, and I look forward to working with our employees to continue to make NuStar one of the best companies to work for in America.”
Companies that apply for the list opt to participate in the selection process, which includes an employee survey and an in-depth questionnaire about their programs and company practices. Great Place to Work® then evaluates each application using its unique methodology based on five dimensions: credibility, respect, fairness, pride and camaraderie.
Some of the considerations in NuStar’s selection for the 100 Best honor include the company’s employee benefits plan, which has been rated the best in its industry by Hewitt Associates; its reward and recognition programs; commitment to volunteerism and charitable giving; and special corporate culture. NuStar offers all-employee bonuses; a retirement savings plan that includes a 401(k) match of 100 percent up to 6 percent of pay and a company-funded retirement plan; company-paid health and welfare benefits that are 100 percent funded for employees and their families; a health and wellness program; and much more. The company also has never had a layoff in its history, and instills in employees the philosophy that if they do a good job, they will always have a good job.
Benefits
Company paid pension plan.