NGL Energy Partners LP (NGL)

[pete807]

19 is just the sign post on the way north! ....2X coverage sets us up nicely and exceeds most MLPs!

Distributable Cash Flow is expected to generate approximately $175 million, or about 2.0x coverage at our current annualized distribution rate, including distributions on the Class A Preferred Units.

"Using this metric, management can quickly compute the coverage ratio of estimated cash flows to planned cash distributions. This financial measure also is important to investors as an indicator of whether the Partnership is generating cash flow at a level that can sustain, or support an increase in, quarterly distribution rates."

A very solid company indeed given the current crude contango. Crude will return to 50* and maybe soon. GLTA!

ttp://ih.advfn.com/p.php?pid=nmona&article=72137057&symbol=NGL