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, 2018 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, 2019 to holders of
record on December 31, 2018.
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.
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
Senior Vice President – Finance and Treasurer
Linda.Bridges@nglep.com
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