{"id":401582,"date":"2020-12-17T06:38:18","date_gmt":"2020-12-17T11:38:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401582"},"modified":"2020-12-17T06:38:18","modified_gmt":"2020-12-17T11:38:18","slug":"ngl-energy-partners-lp-announces-quarterly-cash-distribution-for-class-b-and-class-c-preferred-units-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ngl-energy-partners-lp-announces-quarterly-cash-distribution-for-class-b-and-class-c-preferred-units-4\/","title":{"rendered":"NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units"},"content":{"rendered":"

<\/p>\n

NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units<\/b><\/p>\n

TULSA, Okla.–(BUSINESS WIRE<\/a>)–
\nNGL 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, 2020 to be paid to the holders of the Partnership\u2019s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (\u201cClass B Preferred Units\u201d) and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (\u201cClass C Preferred Units\u201d) in accordance with the terms outlined in NGL\u2019s partnership agreement. Each of the Class B Preferred Units quarterly distribution of $0.5625 per unit and the Class C Preferred Units quarterly distribution of $0.60156 per unit will be made on January 15, 2021 to holders of record on January 1, 2021.\n<\/p>\n

About NGL Energy Partners LP<\/b><\/p>\n

\nNGL 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. For further information, visit the Partnership\u2019s website at www.nglenergypartners.com<\/a>.\n<\/p>\n

This release is a qualified notice under Treasury Regulation Section 1.1446-4(b).<\/i>Brokers and nominees should treat 100% of NGL Energy Partner LP\u2019s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business.<\/i>Therefore, distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201217005318\/en\/<\/a><\/span><\/p>\n

\nNGL Energy Partners LP
\n
Trey Karlovich, 918.481.1119
\n
Executive Vice President and Chief Financial Officer
\n
Trey.Karlovich@nglep.com
\n<\/a>
or
\n
Linda Bridges, 918.481.1119
\n
Senior Vice President \u2013 Finance and Treasurer
\n
Linda.Bridges@nglep.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Oklahoma<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units TULSA, Okla.–(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, 2020 to be paid to the holders of the Partnership\u2019s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (\u201cClass B Preferred Units\u201d) and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (\u201cClass C Preferred Units\u201d) in accordance with the terms outlined in NGL\u2019s partnership agreement. Each of the Class B Preferred Units quarterly distribution of $0.5625 per unit and the Class C Preferred Units quarterly distribution of $0.60156 per unit … <\/p>\n

Continue reading “NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401582","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ngl-energy-partners-lp-announces-quarterly-cash-distribution-for-class-b-and-class-c-preferred-units-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units TULSA, Okla.–(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, 2020 to be paid to the holders of the Partnership\u2019s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (\u201cClass B Preferred Units\u201d) and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (\u201cClass C Preferred Units\u201d) in accordance with the terms outlined in NGL\u2019s partnership agreement. 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