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DISTRIBUTIONS FROM NUSTAR ENERGY
6 Months Ended
Jun. 30, 2011
DISTRIBUTIONS FROM NUSTAR ENERGY [Abstract]  
DISTRIBUTIONS FROM NUSTAR ENERGY
DISTRIBUTIONS FROM NUSTAR ENERGY
The following table reflects the allocation of NuStar Energy’s cash distributions earned for the periods indicated among its general and limited partners:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2011
 
2010
 
2011
 
2010
 
(Thousands of Dollars, Except Per Unit Data)
General partner interest
$
1,627


 
$
1,576


 
$
3,219


 
$
3,043


General partner incentive distribution
8,963


 
8,369


 
17,531


 
16,168


Total general partner distribution
10,590


 
9,945


 
20,750


 
19,211


Limited partner distribution
11,213


 
10,867


 
22,235


 
21,772


Total distributions to NuStar GP Holdings
21,803


 
20,812


 
42,985


 
40,983


Public unitholders’ distributions
59,536


 
57,942


 
117,970


 
111,163


Total cash distributions
$
81,339


 
$
78,754


 
$
160,955


 
$
152,146


Cash distributions per unit applicable to limited partners
$
1.095


 
$
1.065


 
$
2.170


 
$
2.130






On May 13, 2011, NuStar Energy paid a quarterly cash distribution totaling $79.6 million, or $1.075 per unit, related to the first quarter of 2011. On July 28, 2011, NuStar Energy's board of directors approved a quarterly cash distribution of $1.095 per unit related to the second quarter of 2011. This distribution will be paid on August 12, 2011 to unitholders of record on August 9, 2011 and will total $81.3 million.