A quarterly distribution was announced by NGL Energy Partners LP in Tulsa.
The Board of Directors of its general partner declared the distribution for the quarter ending Dec. 31, 2024 to be paid to the holders of the Partnership’s 12.068% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units and the 11.977% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units in accordance with the terms outlined in NGL’s partnership agreement.
Each of the Class B Preferred Units will receive a quarterly distribution of $0.7542 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7486 per unit on January 15, 2025, to holders of record on January 1, 2025.
Additionally, the Board of Directors declared a quarterly cash distribution for the Class D Preferred Units in the amount of $18,095,455.60 for the quarter ending December 31, 2024. The Class D Preferred distribution will also be made on January 15, 2025, to the holders of record on January 1, 2025.
