NGL Energy Partners LP announced Thursday a distribution for the quarter that will end Dec. 31 of this year.
The Board of Directors of the Tulsa-based midstream company approved the distribution for holders of the partnership’s 9% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred units and the 9.625% Class C preferred units.
The quarter distribution will amount to $0.5625 per unit of the Class B units and $0.60156 per unit of the Class C units. Payments will be made on Jan. 15, 2021 to holders of record on Jan. 1, 2021.
NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of water generated as part of the oil and natural gas production process.