NGL Energy Partners LP (NYSE: NGL) announced today that the Board of
Directors of its general partner increased the quarterly cash
distribution for the fourth fiscal quarter ended March 31, 2013, by
$0.015 to $0.4775 per outstanding limited partner unit from $0.4625 per
unit, resulting in an annualized cash distribution of $1.91 per unit.
This distribution is payable on May 15, 2013, to unitholders of record
as of the close of business on May 6, 2013. This is the sixth
consecutive quarter NGL has increased its cash distribution since its
initial public offering in May 2011.
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 services, crude oil logistics, NGL logistics and
retail. NGL completed its initial public offering in May 2011. 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
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.
