NGL Energy Partners LP Announces Quarterly Cash Distribution for its Class B, Class C and Class D Preferred Stock

NGL Energy Partners LP (NYSE: NGL) today announced that the Board of Directors of its general partner has declared a distribution for the quarter ended September 30, 2024, payable to holders of the partnership’s 12.806% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) and 12.716% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class C Preferred Units”) in accordance with the terms set forth in NGL’s partnership agreement. Each of the Class B Preferred Units will receive a quarterly distribution of $0.8004 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7947 per unit on October 15, 2024, to holders of record on October 1, 2024.

In addition, the Board of Directors has declared a quarterly cash distribution on the Class D Preferred Units in the amount of $19,247,689.10 for the quarter ending September 30, 2024. The Class D Preferred Distribution will also be made on October 15, 2024 to holders of record on October 1, 2024.