NGL Energy declares quarterly distribution

NGL Energy Partners LP in Tulsa announced Monday that the Board of Directors of its general partner declared a quarterly distribution of 56 and 60 cents per share of its units.

The distributions will be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate cumulative redeemable perpetual preferred units and the 9.625% Class C units.

Holders of the Class B units will get a quarterly distribution of $05625 per unit. Holders of Class C units will get a payment of $0.60156 per unit.

Distributions will be made on Jan. 15, 2020 to holders of record on Dec. 31, 2019.