NGL Energy Partners LP (NYSE: NGL) announced today that the Board of
Directors of its general partner has declared a quarterly distribution
of $0.39 per unit, or $1.56 per unit on an annualized basis, for the
quarter ended March 31, 2018. This cash distribution is payable on May
15, 2018 to common unitholders of record at the close of business on May
7, 2018.
Additionally, the Board of Directors declared a distribution for the
quarter ended March 31, 2018 to be paid to the holders of the Class A
Preferred Units according to the terms outlined in the Partnership
Agreement. The Class A Preferred distribution will also be made on May
15, 2018.
Forward-Looking Statements
This press release includes “forward-looking statements.” All statements
other than statements of historical facts included or incorporated
herein may constitute forward-looking statements. Actual results could
vary significantly from those expressed or implied in such statements
and are subject to a number of risks and uncertainties. While NGL
believes such forward-looking statements are reasonable, NGL cannot
assure they will prove to be correct. The forward-looking statements
involve risks and uncertainties that affect operations, financial
performance, and other factors as discussed in filings with the
Securities and Exchange Commission. Other factors that could impact any
forward-looking statements are those risks described in NGL’s annual
report on Form 10-K, quarterly reports on Form 10-Q, and other public
filings. You are urged to carefully review and consider the cautionary
statements and other disclosures made in those filings, specifically
those under the heading “Risk Factors.” NGL undertakes no obligation to
publicly update or revise any forward-looking statements except as
required by law.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with five primary
businesses: water solutions, crude oil logistics, NGL logistics, refined
products/renewables and retail propane. For further information, visit
the Partnership’s website at www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat 100% of NGL Energy
Partner LP’s distributions to foreign investors as being attributable to
income that is effectively connected with a United States trade or
business. Therefore, distributions to foreign investors are
subject to federal income tax withholding at the highest applicable
effective tax rate.
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Copyright Business Wire 2018
Source: Business Wire
(April 24, 2018 - 6:11 PM EDT)
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