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Stock impact report

NGL Energy Partners Announces Quarterly Cash Distribution and Revised Fiscal Year 2017 and Fiscal Year 2018 Guidance

NGL ENERGY PARTNERS LP Common Units representing Limited Partner Interests (NGL) 
Last ngl energy partners lp common units representing limited partner interests earnings: 2/6 06:30 am Check Earnings Report
US:NYSE Investor Relations: nglenergypartners.com/investor-relations
Company Research Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) (the “Partnership” or “NGL”) announced today that the Board of Directors of its general partner declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended March 31, 2017. This cash distribution is payable on May 15, 2017 to common unitholders of record at the close of business on May 8, 2017. Additionally, the Board of Directors declared a distribution for the quarter ended March 31, 2017 to be paid to the holders of the Class A Preferred Units according to the terms outlined in NGL's Partnership Agreement. The Class A Preferred distribution will also be paid on May 15, 2017. In April 2016, the Board of Directors of NGL’s general partner made the decision to reduce the distribution by 39% in order to focus on strengthening the balance sheet, which included foregoing approxi Show less Read more
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