NGL Energy Partners Increases Quarterly Distribution
NGL Energy Partners Increases Quarterly Distribution
TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYS: NGL) announced today that the board of directors of its general partner has approved a quarterly cash distribution of $.45 per unit ($1.80 on an annualized basis) for the quarter ended September 30, 2012. The cash distributionwill be paid November 14, 2012, to unitholders of record as of theclose of business on October 29, 2012, entitled to receive the distribution and on the general partner's 0.1% interest in the Partnership. This distribution represents a 9% increase over the quarterly distribution of $.4125 per unit ($1.65 on an annualized basis) paid in August 2012 for the quarter ended June 30, 2012.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water services, crude oil logistics, NGL logistics and retail. NGL completed its initial public offering in May 2011. For further information, please visit NGL'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.
The information contained in this press release is available on NGL's website at www.nglenergypartners.com.
NGL Energy Partners LP
Atanas H. Atanasov, 918-481-1119
Senior Vice President Finance & Treasurer
atanas.atanasov@nglep.com
KEYWORDS: United States North America Oklahoma
INDUSTRY KEYWORDS:
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