23:30 | 14.06.2019
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units

NGL Energy Partners LP (NYSE: NGL) announced today that the Board of
Directors of its general partner declared a distribution for the quarter
ending June 30, 2019 to be paid to the holders of the Partnership’s
9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual
Preferred Units (“Class B Preferred Units”) and the 9.625% Class C
Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
(“Class C Preferred Units”) in accordance with the terms outlined in
NGL’s partnership agreement. Each of the Class B Preferred Units
distributions of $0.5625 per unit and the Class C Preferred Units
distributions of $0.59488 per unit will be made on July 15, 2019 to
holders of record on July 1, 2019.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with four primary
businesses: water solutions, crude oil logistics, NGL logistics and
refined products/renewables. For further information, visit the
Partnership’s website at
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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