NGL Energy Partners LP Distributes Quarterly Dividends for Units
NGL Energy Partners LP Announces Cash Distributions
NGL Energy Partners LP (NYSE: NGL) recently made a significant announcement regarding its quarterly cash distributions for the preferred units. The Board of Directors of its general partner has declared distributions for the quarter ending September 30. This involves the Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units and the Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units, as outlined in the company’s partnership agreement.
Distribution Details for Class B and Class C Units
For the Class B Preferred Units, each unit is set to receive a quarterly distribution of $0.8004. Meanwhile, the Class C Preferred Units will enjoy a distribution of $0.7947 per unit. The payment date for these distributions is October 15, with the record date being October 1. This reflects management's commitment to providing value to its investors.
Class D Preferred Units Distribution
In addition to the Class B and C distributions, the Board has also declared a cash distribution for the Class D Preferred Units, amounting to a substantial $19,247,689.10. This distribution is also scheduled for payment on October 15, with the same record date of October 1. Such distributions showcase the financial strength of NGL and its dedication to returning value to its shareholders.
Understanding Forward-Looking Statements
When discussing financial distributions and expectations, it's vital to understand the forward-looking statements that accompany these declarations. These statements represent the company’s expectations about future performance, yet they are inherently subject to uncertainties. NGL Energy Partners LP is cautious about these projections, which depend on various known and unknown risks.
Investing Safely with NGL
As an investor or potential shareholder, it's important to approach any investment cautiously. Despite the encouraging announcements regarding distributions, potential investors should also consider the accompanying risks. Factors influencing actual results may vary from anticipated outcomes, emphasizing the need for diligent assessment.
About NGL Energy Partners LP
NGL Energy Partners LP represents a diversified midstream energy company. Based in Delaware, it excels in key logistics services for various products including crude oil and natural gas liquids. The company is also involved in the transportation, treatment, and disposal of produced water that arises from oil and gas production activities.
Your Connection to NGL Energy Partners LP
For those looking to learn more about the company and its operations, additional information can be found on the Partnership’s official website. It serves as a resource for shareholders and those interested in the workings of midstream energy logistics.
Frequently Asked Questions
What are the announced distributions for Class B and Class C units?
The Class B Preferred Units will receive $0.8004 and the Class C Preferred Units will receive $0.7947 per unit for the quarter ending September 30.
When will the distributions be paid?
The distributions for Class B and C units are scheduled to be paid on October 15.
What is the total distribution amount for Class D units?
The Class D Preferred Units will see a distribution amount totaling $19,247,689.10 for the quarter ending September 30.
What does NGL Energy Partners LP do?
NGL Energy Partners LP is a diversified midstream energy company engaged in transporting, storing, and marketing crude oil and natural gas liquids.
Why are forward-looking statements important?
Forward-looking statements help set expectations about future performance, but they also carry risks and uncertainties that may impact actual results.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Brijjit Scar Therapy: Revolutionizing Scar Prevention for Patients
- Alumis Inc.'s ESK-001 Shows Promise for Psoriasis Treatment
- Analysts Predict Potential Surprises in Earnings for Key Stocks
- LEO Pharma Shows Positive Tralokinumab Results for AD Relief
- Middlefield Canadian Income PCC: Insights on NAV Performance
- Raise Achieves Bronze Accreditation for Indigenous Relations
- Altamira Therapeutics Expands Quality System Certification for Bentrio
- Curtiss-Wright Prepares for Third Quarter Financial Announcement
- Steward Partners Expands Leadership Team for Future Success
- CluePoints Unveils Innovative MSR Tool for Clinical Trials
Recent Articles
- Granite Telecommunications Unveils New Headquarters Facility
- Hyperscale Data Announces Dividend for Preferred Stock Holders
- Innovative White Paper Unveils AI Impact on Drug Safety
- noco-noco Inc Unveils Ambitious Restart Plan for Future Growth
- Alibaba's Stock Surges on Launch of New AI Innovations and Tools
- Yutong Bus Proves Resilience in Harsh Heat Trials
- Infinix Reports Rapid Growth With 18.8% Increase in Q2 Shipments
- Pudu Robotics Launches the Innovative PUDU D7 Semi-Humanoid Robot
- Innovative Insights on Reviving Aged Egg Cells for IVF Success
- Legal-Bay Transforms Lawsuit Funding with Swift Cash Advances
- Target Appoints Jim Lee as Chief Financial Officer
- Innovative AI Solutions Unveiled by S&P Global Market Intelligence
- BioCentriq Welcomes New CEO Syed T. Husain to Lead Growth
- Mendel AI Unveils Hypercube on Snowflake AI Data Cloud
- Insights on Restoring America’s Uranium Enrichment Capabilities
- Pudu Robotics Launches Revolutionary PUDU D7 Semi-Humanoid Robot
- Yutong Bus Thrives in Extreme Heat, Showcases Innovation and Safety
- Indian Stock Market Surges as Nifty 50 and BSE Sensex Climb
- BofA Optimistic About CrowdStrike's Growth Despite Challenges
- Revised Perspectives on Computershare Limited Amid Market Changes
- Berenberg Rates Ashtead Stock Highly Amid Growth Opportunities
- Expert Tips for a Fulfilling Retirement You Can Embrace
- Surge of Optimism in U.S. Banking Sector Following Rate Cuts
- Wells Fargo Strategists Predict S&P 500's Range-Bound Future
- BCA Research Questions US Economy's Resilience Against Recession
- Federal Reserve Initiates Easing Cycle with 50bps Rate Cut
- Bullish Billionaires Propel Bitcoin Prices Towards New Heights
- Nio: Accelerating Growth Amidst Market Challenges
- Analyzing Market Trends After Recent Fed Interest Rate Changes
- TotalEnergies Enhances LNG Partnership with CNOOC for Future Growth
- Plug Power's Recent Growth Driven by Green Hydrogen Projects
- August 2024 Rental Report: Trends in Affordability Across the U.S.
- Rock Tech Advances Lithium Conversion Plans in North America
- Rokmaster Resources Expands Mystery Property by 4,098 Hectares
- Unlocking Potential: Foran Mining's Regional Exploration Focus
- Understanding Rental Affordability Trends Across Major Markets
- Pret A Manger Collaborates with YOOBIC for Expansion Success
- Celebrating Lana Wilhelm: A Pioneer in Forestry Excellence
- Infosys Partners with Posti to Drive Operational Excellence
- Quadient Recognized as a Leader in Accounts Payable Automation
- Empowering Black Youth: Hopelab Announces New Fellowship Program
- Infosys Partners with Posti to Transform Logistics Services
- Global Market Reactions to Fed Rate Adjustments and BoE's Moves
- Citi Analysts Forecast Temporary Support for Brent Oil Prices
- CrowdStrike's Recent Strategies Could Shape Its Financial Future
- CrowdStrike's Long-Term Prospects After Recent Analyst Review
- Progyny's Client Departure: What it Means for Future Growth
- CrowdStrike Faces Challenges Yet Maintains Strong Growth Outlook
- Challenges Ahead for the German Economy: Insights from Bundesbank
- Apple's Roadmap for Compliance with EU Digital Market Rules