CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
CONSOLIDATED STATEMENTS OF INCOME
Equity in earnings of NuStar Energy L.P.	$ 22,919	$ 23,810	$ 34,261	$ 33,111
General and administrative expenses	(742)	(657)	(1,486)	(1,450)
Other (expense) income, net	(46)	7,895	(665)	8,020
Interest expense, net	(165)	(339)	(343)	(657)
Income before income tax benefit	21,966	30,709	31,767	39,024
Income tax benefit	95	177	477	355
Net income	$ 22,061	$ 30,886	$ 32,244	$ 39,379
Basic and diluted net income per unit	$ 0.52	$ 0.73	$ 0.76	$ 0.93
Weighted-average number of basic units outstanding	42,544,659	42,514,494	42,544,659	42,514,494
Weighted-average number of diluted units outstanding	42,585,924	42,514,494	42,585,123	42,514,494