SAN ANTONIO--(BUSINESS WIRE)--Mar. 3, 2016--
NuStar Energy L.P. (NYSE: NS) announced today that it ranked No. 19 on
the 100 Best Companies to Work For list, according to global research
and consulting firm Great Place to Work® and Fortune Magazine.
NuStar has been named to the list for eight consecutive years, and has
been recognized as a top workplace every year that it has applied for
the list.
NuStar is one of only two energy companies on the magazine’s 19th
annual top employer list, and the only other San Antonio-based company
on the list is USAA. NuStar is ranked No. 4 among the 100 Best companies
in the state of Texas and No. 5 among publicly traded companies on the
list. The results will be published in the March 15, 2016 issue of Fortune,
which goes on sale this coming Monday.
“Even with the downturn in the energy industry, our employee morale is
as high as ever,” said NuStar President and CEO Brad Barron. “We have
the best employees in our industry as everyone has a positive, can-do
spirit, strives for excellence and takes tremendous pride in our company.
“Our employees benefit from the special caring and sharing culture
created by our Chairman of the Board Bill Greehey,” Barron added. “As he
always says, if you take care of the employees, they will take care of
our company, unitholders, customers and communities. Last year’s results
are a great example of the positive benefits of our corporate culture,
as we had our highest EBITDA and distributable cash flow in our history
and we donated a record amount of time and money to worthy causes in our
communities.”
NuStar was selected among hundreds of companies vying for a place on the
list this year. Applicant companies opt to participate in the selection
process, which includes an employee survey and an in-depth questionnaire
about their programs and company practices. Great Place to Work® then
evaluates each application using its unique methodology based on five
dimensions: credibility, respect, fairness, pride and camaraderie.
Creators of the methodology behind the list, Great Place to Work® has
found that employees believe they work for great organizations when they
consistently trust the people they work for, have pride in what they do
and enjoy the people they work with.
Some of the considerations in NuStar’s selection for the 100 Best honor
include the company’s employee benefits plan, which has been rated the
best in its industry by top human resources consultants; its reward and
recognition programs; commitment to volunteerism and charitable giving;
and special corporate culture. NuStar offers all-employee bonuses; a
retirement savings plan that includes a 401(k) match of 100 percent up
to 6 percent of pay and a company-funded pension plan; a health and
wellness program; and much more. The company also has never had a layoff
in its history, and instills in employees the philosophy that if they do
a good job, they will always have a good job.
“This year’s 100 best workplaces show – again -- that trust fuels
financial performance,” said Michael Bush, CEO of Great Place to Work®.
“Great workplaces have significantly less turnover, outperform peers in
the stock market and enjoy high levels of collaboration, communication
and trust—crucial ingredients to innovation. The 100 best are setting
the standard for all businesses.”
Organizations named on the list see many benefits that include better
financial performance, less employee turnover, higher levels of customer
satisfaction and loyalty, more innovative and creative thinking, higher
productivity and enhanced public perception.
To see the complete 2016 Fortune 100 Best Companies to Work For®
list, please click here,
and to learn more about Great Place to Work®, click
here.
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar Energy L.P. currently has
approximately 8,700 miles of pipeline and 79 terminal and storage
facilities that store and distribute crude oil, refined products and
specialty liquids. The partnership’s combined system has approximately
93 million barrels of storage capacity, and the partnership has
operations in the United States, Canada, Mexico, the Netherlands,
including St. Eustatius in the Caribbean, and the United Kingdom. For
more information, visit NuStar Energy L.P.'s Web site at www.nustarenergy.com.
About Great Place to Work
Great
Place to Work® is the global authority on high-trust,
high-performance workplace cultures. Through proprietary assessment
tools, advisory services, and certification programs, including Best
Workplaces lists and workplace reviews, Great Place to Work® provides
the benchmarks, framework, and expertise needed to create, sustain, and
recognize outstanding workplace cultures. In the United States, Great
Place to Work® produces the annual Fortune "100 Best Companies to Work
For®" list and a series of Great Place to Work® Best Workplaces lists
including lists for Millennials, Women, Diversity, Small and Medium
Companies and over a half dozen different industry lists. Follow Great
Place to Work® online at www.greatplacetowork.com
and on Twitter at @GPTW_US.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160303006443/en/
Source: NuStar Energy L.P.
NuStar Energy L.P.
Mary Rose Brown, 210-918-2314
maryrose.brown@nustarenergy.com