NGL Energy Reveals Quarterly Cash Distribution For Class B, Class C, And Class D Preferred Units; Each Of Class B Preferred Units Will Receive $0.7820 And Each Of Class C Preferred Units Will Receive $0.7926 Per Unit On July 15

Author: Benzinga Newsdesk | June 21, 2024 06:29am

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, 2024 to be paid to the holders of the Partnership's 12.511% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class B Preferred Units") and the 12.682% Class C 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 will receive a quarterly distribution of $0.7820 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7926 per unit on July 15, 2024, to holders of record on July 1, 2024.

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