CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
CONSOLIDATED STATEMENTS OF INCOME
Equity in earnings of NuStar Energy L.P.	$ 18,996	$ 18,332	$ 53,257	$ 51,443
General and administrative expenses	(749)	(671)	(2,235)	(2,121)
Other income (expense), net	108	15	(557)	8,035
Interest expense, net	(116)	(245)	(459)	(902)
Income before income tax benefit	18,239	17,431	50,006	56,455
Income tax benefit	123	346	600	701
Net income	$ 18,362	$ 17,777	$ 50,606	$ 57,156
Basic and diluted net income per unit	$ 0.43	$ 0.42	$ 1.19	$ 1.35
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	42,570,271	42,514,494	42,580,118	42,514,494