TULSA, Okla.–( BUSINESS WIRE )–NGL Energy Partners LP (NYSE:NGL) today announced that the Board of Directors of its general partner has declared a dividend for the fiscal quarter ending June 30, 2024 to its stockholders. The Partnership's 12.511% cumulative Class B redeemable perpetual preferred units (Class B Preferred Units) and 12.682% cumulative Class C redeemable perpetual preferred units (Class C Preferred Units) pursuant to the terms set forth in the Partnership Agreement. NGL. Each Class B Preferred Unit will receive a quarterly distribution of $0.7820 and each Class C Preferred Unit will receive a quarterly distribution of $0.7926 per unit on July 15, 2024, to holders of record on July 1, 2024.
In addition, the Board of Directors declared a quarterly cash distribution of Class D preferred units in the amount of $15,608,478.65 for the quarter ending June 30, 2024. The Class D preferred distribution will also be made on July 15, 2024 to holders of Class D stock. Record July 1, 2024 .
Forward-looking statements
Certain matters contained in this press release include forward-looking statements. All statements, other than statements of historical fact, contained in this press release may constitute forward-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 to be 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 expressed in such forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, risk factors discussed from time to time in both our documents and our reports filed with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect the opinions of management only as of the date hereof. Except as required by law, we undertake no obligation to review or publicly release the results of any revision of any forward-looking statements.
About NGL Energy Partners (NYSE:) LP
NGL Energy Partners LP a Delaware limited partnership, is a mid-cap, diversified energy company that transports, stores, markets and provides other logistics services for liquids and other products and transports, treats and disposes of water produced as part of the oil and natural gas production process.
For more information, visit the partnership website at www.nglenergypartners.com.
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Investor contact:
NGL Energy Partners LP
David Sullivan, 918-495-4631
Vice President – Finance
davidsullivan@nglep.com
Source: NGL Energy Partners LP