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  "docSlug": "c177cecc4280e1725374efd7d5133185",
  "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 35 slides",
  "authorId": "nustar-energy",
  "authorName": "NuStar Energy",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-03-01 00:00:00",
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  "pageNumber": 18,
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  "slideHref": "/slides/019de515-4bd6-739d-b2a8-efba4b7baa0b/18",
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      "kind": "chart",
      "text": "NS Permian Crude System Performance (by Quarter)\nEBITDA ($MM) and System Receipts (Avg MBPD) from 2Q17 to 4Q22",
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      "kind": "chart",
      "text": "NS System Producer-type2 (% Average Daily Volume)\nMajor: 49%\nPrivate: 23%\nOther Public: 28%",
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      "kind": "list",
      "text": "We averaged 584 MBPD in 4Q22\nWe expect to exit 2023 at around 600 MBPD",
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      "kind": "list",
      "text": "We had around 20 rigs on our system through 2022, and our producers expect to maintain that number in 2023, which provides an important platform for growth",
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      },
      "kind": "list",
      "text": "The quality of geological formations underlying our system has attracted the strongest customers\n~65% of our system's revenue is generated from investment-grade (IG) rated and Non-IG BB-rated entities¹",
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      },
      "kind": "metric",
      "text": "Producer Average Cost of Debt, Weighted by Acreage: 6.88%3",
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      },
      "kind": "source-note",
      "text": "1 - For the year ended December 31, 2022\n2 - For the month ended December 31, 2022\n3 - As of February 22, 2022",
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      },
      "kind": "source-note",
      "text": "Please see Appendix for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures",
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      "kind": "title",
      "text": "Our \"Core of the Core\" Location has Attracted Top-tier Customers Whose Activity is Supporting Steady Growth",
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      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The deck encourages action by highlighting investment opportunities and future growth prospects.",
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      "parentBeatName": "Resolution",
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      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "40e099a4-2327-41bf-ab24-ea3a33a984e4",
      "evidence": "The deck highlights investment opportunities in NuStar's Permian system.",
      "position": 1,
      "objective": "What are the opportunities for quick wins and big bets in NuStar's Permian system?",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
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