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 2 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 June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(Thousands of Dollars, Except Per Unit Data)
General partner interest	$	2,302	$	1,961	$	4,645	$	3,922
General partner incentive distribution rights	10,912		10,805		23,824		21,610
Total general partner distribution	13,214		12,766		28,469		25,532
Common limited partner distribution	11,185		11,185		22,370		22,329
Total distributions to NuStar GP Holdings	24,399		23,951		50,839		47,861
Public common limited partners’ distribution	90,684		74,100		181,412		148,241
Total cash distributions	$	115,083	$	98,051	$	232,251	$	196,102
Cash distributions per unit applicable to common limited partners	$	1.095	$	1.095	$	2.190	$	2.190

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)
June 30, 2017 (a)	$	1.095	$	115,083	August 7, 2017	August 11, 2017
March 31, 2017	$	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 July 28, 2017.