NGL Energy Partners Announces Quarterly Cash Distribution
6:30 am ET January 23, 2019 (BusinessWire) Print
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended December 31, 2018. This cash distribution is payable on February 14, 2019 to common unitholders of record at the close of business on February 6, 2019.
Additionally, the Board of Directors declared a distribution for the quarter ended December 31, 2018 to be paid to the holders of the Class A Preferred Units according to the terms outlined in the Partnership Agreement. The Class A Preferred distribution will also be made on February 14, 2019.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water solutions, crude oil logistics, NGL logistics and refined products/renewables. For further information, visit the Partnership's website at www.nglenergypartners.com.
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