NGL Energy Partners LP announced that its Board of Directors declared quarterly cash distributions for its Class B, Class C, and Class D preferred units for the quarter ending September 30, 2024. This declaration confirms the partnership's commitment to its preferred unitholders.
Holders of the 12.806% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units are set to receive $0.8004 per unit. The 12.716% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units will receive $0.7947 per unit.
Additionally, a quarterly cash distribution of $19,247,689.10 was declared for the Class D Preferred Units. All distributions are scheduled to be paid on October 15, 2024, to unitholders of record as of October 1, 2024.
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