TULSA, Okla.--(BUSINESS WIRE)--Jan. 23, 2018-- NGL Energy Partners LP (NYSE: NGL) (the 'Partnership' or '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 December 31, 2017. This cash distribution is payable on February 14, 2018 to common unitholders of record at the close of business on February 6, 2018.
Additionally, the Board of Directors declared a distribution for the quarter ended December 31, 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 Preferred distribution will also be paid on February 14, 2018.
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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 Partners 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/20180123006641/en/
Source: NGL Energy Partners LP
NGL Energy Partners LP
Trey Karlovich, 918-481-1119
Executive Vice President and Chief Financial Officer Trey.Karlovich@nglep.com
Linda Bridges, 918-481-1119
Vice President - Finance and Treasurer Linda.Bridges@nglep.com
NGL Energy Partners LP published this content on 23 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 January 2018 01:57:03 UTC.