Quarterly distribution for NGL Energy Partners

Tulsa-based NGL Energy Partners LP has announced a quarterly distribution.

The distribution will range from 56 to 60 cents, depending on the type of unit held by the owners. It will be for the quarter ending Sept. 30 and 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.

The distribution for the Class B preferred units will be $0.5625 per unit and the Class C preferred units at $0.60156 per unit. Each will be made on Oct. 15, 2019 to holders of record on Oct. 1, 2019.

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.