NGL Energy Partners LP Declares Quarterly Cash Distribution for Preferred Units

NGL Energy Partners LP (NYSE: NGL) declared preferred unit distributions for the fourth quarter of 2025. The company’s Board of Directors approved quarterly distributions for its Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units and Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units. Holders of Class B units will receive $0.7162 per unit, while Class C unit holders will receive $0.7106 per unit. These distributions are set to be paid on January 15, 2026, to shareholders of record as of January 1, 2026.

In addition to the Class B and C preferred units, the Board also authorized a quarterly cash distribution for the Class D Preferred Units amounting to $14,618,325.21 for the same quarter. This distribution will also be disbursed on January 15, 2026, to the designated record holders.

The distributions are tied to floating rates, a financial mechanism where interest rates adjust periodically based on a benchmark market rate plus a fixed spread. This structure offers a degree of protection against rising interest rates by increasing payouts, but it also introduces variability in cash flow and valuation when rates fluctuate.

NGL Energy Partners LP operates a significant integrated network for wastewater management within the Delaware Basin, including pipelines, disposal wells, and handling systems. The company also manages wastewater disposal operations in the Eagle Ford and DJ Basins. Furthermore, NGL engages in the marketing and logistics of crude oil, leveraging its assets such as the Grand Mesa Pipeline System, a Cushing terminal, and other Gulf Coast terminals.

This announcement contains forward-looking statements, which are projections or plans about future events. While NGL Energy Partners LP believes these expectations are reasonable, there’s no guarantee they will materialize. Various risks and uncertainties, detailed in SEC filings, could lead to actual results differing materially from these projections. Investors are advised not to place undue reliance on these statements, which reflect management’s views as of the announcement date. The company has no obligation to update these statements publicly.