NGL Energy Partners LP (NYSE: NGL) announced today that the board of
directors of its general partner has approved a quarterly cash
distribution of $.4125 per unit ($1.65 on an annualized basis) for the
quarter ended June 30, 2012. The cash distribution will be paid August
14, 2012, to unitholders of record as of the close of business on August
3, 2012. This distribution represents a 13.8% increase over the
quarterly distribution of $.3625 per unit ($1.45 on an annualized basis)
paid in May 2012 for the quarter ended March 31, 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 operating
segments: water treatment, midstream, wholesale supply and marketing and
retail propane and heating oil. 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.
