Tulsa’s NGL Energy Partners LP announced a quarterly cash distribution this week to shareholders of some of its preferred shares.
The company’s Board of Directors of its general partners declared a distribution for the quarter ending June 30, 2025 to be paid to the holders of two of the Partnership’s shares. One involves the 11.772% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units and the other is the 11.682% 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 $0.7358 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7301 per unit on July 15, 2025, to holders of record on July 1, 2025.
Additionally, the Board of Directors declared a quarterly cash distribution for the Class D Preferred Units in the amount of $17,047,487.57 for the quarter ending June 30, 2025. The Class D Preferred distribution will also be made on July 15, 2025, to the holders of record on July 1, 2025.
Source: Business Wire