NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B 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 December 31, 2017, 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”) in accordance with the terms outlined in NGL’s
partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on January 15, 2018, to holders of
record on December 29, 2017.
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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NGL Energy Partners LP
Trey Karlovich, 918-481-1119
Executive Vice President and Chief Financial Officer
Trey.Karlovich@nglep.com
or
Linda Bridges, 918-481-1119
Vice President - Finance and Treasurer
Linda.Bridges@nglep.com
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