NGL Energy Partners Announces Quarterly Cash Distribution
July 20 2017 - 7:40PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner declared a quarterly
distribution of $0.39 per unit, or $1.56 per unit on an annualized
basis, for the quarter ended June 30, 2017. This cash distribution
is payable on August 14, 2017 to common unitholders of record at
the close of business on August 4, 2017.
Additionally, the Board of Directors declared a distribution for
the quarter ended June 30, 2017 to be paid to the holders of the
Class A Preferred Units according to the terms outlined in NGL’s
Partnership Agreement. The Class A distribution will also be made
on August 14, 2017.
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.
On May 26, 2017, the Partnership filed its Annual Report on Form
10-K for the year ended March 31, 2017 with the Securities and
Exchange Commission. A copy of our Form 10-K can be found on the
Partnership’s website at www.nglenergypartners.com. Unitholders may
also request, free of charge, a hard copy of our Form 10-K.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170720006423/en/
NGL Energy Partners LPTrey Karlovich, 918-481-1119Executive Vice
President and Chief Financial
OfficerTrey.Karlovich@nglep.comorLinda Bridges, 918-481-1119Vice
President – Finance and TreasurerLinda.Bridges@nglep.com
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Mar 2024 to Apr 2024
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Apr 2023 to Apr 2024