NGL Energy Partners LP (NYSE: NGL) announced today that the Board of
Directors of its general partner declared a quarterly distribution of
$0.6250 per unit ($2.50 on an annualized basis) for the quarter ended
March 31, 2015.
This distribution represents a 1.21% increase over the prior quarterly
distribution of $0.6175 per unit and a 13.38% increase over the
distribution paid for the same quarter a year ago. This distribution is
payable on May 15, 2015, to unitholders of record entitled to receive
the distribution at the close of business on May 5, 2015. This is the
fourteenth consecutive quarter NGL has increased its cash distribution
since its 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 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
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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