NGL Energy Partners Announces Increased Quarterly Cash Distribution
October 24 2014 - 7:00AM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner declared a quarterly
distribution of $0.60875 per unit ($2.435 on an annualized basis)
for the quarter ended September 30, 2014.
This distribution represents a 3.4% increase over the prior
quarterly distribution of $0.58875 per unit and a 19.1% increase
over the distribution paid in November 2013. This distribution is
payable on November 14, 2014, to unitholders of record as of the
close of business on November 4, 2014. This is the twelfth
consecutive quarter NGL has increased its cash distribution since
its public offering in May 2011.
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. NGL
completed its initial public offering in May 2011. 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.
NGL Energy Partners LPAtanas Atanasov, 918-481-1119Executive
Vice President, Chief Financial Officer and
TreasurerAtanas.atanasov@nglep.com
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Aug 2024 to Sep 2024
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Sep 2023 to Sep 2024