DISTRIBUTIONS FROM NUSTAR ENERGY

Beginning with the distribution earned for the second quarter of 2017, we will not receive incentive distributions with respect to certain NS common units, including those recently issued by NuStar Energy in connection with the Navigator Acquisition. Please refer to Note 10 for further discussion.

The following table reflects the allocation of NuStar Energy’s cash distributions earned for the periods indicated among its general and common limited partners:



	Three Months Ended March 31,
	2017		2016
	(Thousands of Dollars, Except Per Unit Data)
General partner interest	$	2,343	$	1,961
General partner incentive distribution rights	12,912		10,805
Total general partner distribution	15,255		12,766
Common limited partner distribution	11,185		11,144
Total distributions to NuStar GP Holdings	26,440		23,910
Public common limited partners’ distribution	90,728		74,141
Total cash distributions	$	117,168	$	98,051
Cash distributions per unit applicable to common limited partners	$	1.095	$	1.095

The following table summarizes information related to NuStar Energy’s quarterly cash distributions to its general and common limited partners:



Quarter Ended	Cash Distributions Per Common Unit		Total Cash Distributions		Record Date	Payment Date
			(Thousands of Dollars)
March 31, 2017 (a)	$	1.095	$	117,168	May 8, 2017	May 12, 2017
December 31, 2016	$	1.095	$	98,971	February 8, 2017	February 13, 2017


(a)	The distribution was announced on April 24, 2017.