NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units
12 Dicembre 2024 - 10:27PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner declared a distribution
for the quarter ending December 31, 2024 to be paid to the holders
of the Partnership’s 12.068% Class B Floating Rate Cumulative
Redeemable Perpetual Preferred Units (“Class B Preferred Units”)
and the 11.977% Class C Floating Rate Cumulative Redeemable
Perpetual Preferred Units (“Class C 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.
Forward-Looking Statements
Certain matters contained in this press release include
“forward-looking statements.” All statements, other than statements
of historical fact, included in this press release may constitute
forwarding-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
correct. These forward-looking statements are subject to certain
known and unknown risks and uncertainties, as well as assumptions
that could cause actual results to differ materially from those
reflected in these forward-looking statements. Factors that might
cause actual results to differ include, but are not limited to, the
risk factors discussed from time to time in each of our documents
and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this press release, which
reflect management’s opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
About NGL Energy Partners LP
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 produced water generated as part of the oil and natural
gas production process.
For further information, visit the Partnership’s website at
www.nglenergypartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241212295279/en/
Investor Contact: NGL Energy Partners LP David Sullivan,
918-495-4631 Vice President - Finance David.Sullivan@nglep.com
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