Distribution declared by NGL Energy Partners


Tulsa-based NGL Energy Partners LP announced this week its board declared a distribution for the quarter ending June 30 to be paid to holders of its preferred units.

The payments range from 56 to 60 cents a unit, depending on the kind. NGL’s distribution will be 56 cents for each of the partnership’s 9% Class B fixed-to-floating rate cumulative redeemable perpetual preferred units.

Holders of the 9.625% class C preferred units will received a distribution of $0.60156 on July 15.


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.

Source: BusinessWire