NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B, Class C, and Class D Preferred Units
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floating ratefinancial
An interest rate on a loan, bond or deposit that is not fixed but resets at regular intervals based on a reference market rate plus a set margin, so the payments rise or fall as overall interest rates change. For investors, floating-rate instruments act like a weather vane: they can protect income when rates climb by increasing payouts, but they introduce unpredictable cash flow and price movement when rates fall or shift, affecting expected yield and valuation.
A cumulative redeemable perpetual preferred unit is a type of investment that combines features of stock and debt: it pays fixed dividends like a bond, those dividends accumulate if skipped (cumulative), it has no fixed maturity date (perpetual), and the issuer has the right to buy it back at certain times or prices (redeemable). For investors it matters because it offers higher-priority, typically steady income but carries call risk and interest-rate sensitivity, and it ranks ahead of common equity for payments.
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TULSA, Okla.--(BUSINESS WIRE)--
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending December 31, 2025 to be paid to the holders of the Partnership’s 11.460% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) and the 11.369% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class C Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. Each of the Class B Preferred Units will receive a quarterly distribution of $0.7162 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7106 per unit on January 15, 2026, to holders of record on January 1, 2026.
Additionally, the Board of Directors declared a quarterly cash distribution for the Class D Preferred Units in the amount of $14,618,325.21 for the quarter ending December 31, 2025. The Class D Preferred distribution will also be made on January 15, 2026, to the holders of record on January 1, 2026.
Forward-Looking Statements
Certain matters contained in this press release include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release may constitute forwarding-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
NGL Energy Partners LP, a Delaware master limited partnership, operates the largest integrated network of large diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. NGL also operates wastewater disposal in the Eagle Ford and DJ Basins. In addition, NGL markets and provides other logistics services for crude oil, through its ownership of the Grand Mesa Pipeline System, Cushing terminal and other Gulf Coast terminals. For further information, visit the Partnership’s website at www.nglenergypartners.com.
