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  "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 34 slides",
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  "presentationDate": "2022-05-01 00:00:00",
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      "text": "4Q20 Actual: 4.24x, 4Q21 Actual: 3.99x, 1Q22 Actual: 3.92x, 2022 Outlook: Continued Improvement",
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      "text": "By deploying proceeds from our recent assets sales to reduce debt, we were able to reduce our Debt-to-EBITDA ratio for year-end 2021 below 4.0x. Optimization and the proceeds of the Point Tupper sale will allow us to continue to reduce our leverage this year.",
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      "text": "1 - Please see Appendix for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures",
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