Replies to post #656 on NGL Energy Partners LP (NGL)

[pete807]

I missed the first part of ramping the distributions this year to $2 and you may have combined the statement in stating 10%/Q... After the ramp to $2.00 by yr end, they talk 10% per YEAR. We are in fiscal 2017 so they may stay at $2 for fiscal 2018. Check my math. The increases go to $2.20, then $2.42, and 3 yrs becomes $2.66... and finally surpass 1 year ago's .64 annualized to $2,56.

“Looking forward to the next four quarters and beyond, our management team expects to recommend a distribution of $1.76 per unit annualized for the quarter ending March 31, 2017 and to grow that distribution to $2.00 per unit annualized during the year. This would be 28% growth in distributions on an annualized basis for next year. Additionally, based upon current market conditions and commodity prices, we would expect to grow our distribution approximately 10% per year for the three years after fiscal 2018,

Consolidation was normal at the end of last week. No doubt in my mind this one is going to trend higher... GLTA!