NGL Energy Partners Announces Fourth Quarter Increased Cash Distribution
TULSA, Okla. -- April 25, 2013
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors
of its general partner increased the quarterly cash distribution for the
fourth fiscal quarter ended March 31, 2013, by $0.015 to $0.4775 per
outstanding limited partner unit from $0.4625 per unit, resulting in an
annualized cash distribution of $1.91 per unit.
This distribution is payable on May 15, 2013, to unitholders of record as of
the close of business on May 6, 2013. This is the sixth consecutive quarter
NGL has increased its cash distribution since its initial public offering in
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 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
Atanas Atanasov, 918-481-1119
Senior Vice President, Finance and Treasurer
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