NGL Energy Partners LP (NGL-B)

Important News From NGL Energy Partners!

Feb. 4, 2021: "In connection with the refinancing, the Partnership agreed to certain restricted payment provisions under the 2026 Notes and the ABL Facility. One of these provisions requires NGL to temporarily suspend the quarterly common unit distribution beginning with respect to the quarter ended December 31, 2020, as well as distributions on all of the Partnership’s preferred units, until the total leverage ratio falls below 4.75x. The cash savings from this suspension should accelerate the deleveraging of the Partnership’s balance sheet and increase NGL’s liquidity, thereby creating more financial flexibility for the Partnership going forward.

“This refinancing of our credit facility meaningfully extends our debt maturities and provides a significant improvement in our liquidity,” stated Mike Krimbill, NGL’s CEO. “This structure also gives the Partnership additional flexibility once our leverage has been reduced and eliminates certain financial covenants. Our Board of Directors expects to evaluate a reinstatement of the common and preferred distributions in due course, taking into account a number of important factors, including our debt leverage, our liquidity, the sustainability of our cash flows, upcoming debt maturities, capital expenditures and the overall performance of our businesses.”

[Click link below to read the remainder of the PR]
http://www.nglenergypartners.com/investor-relations/press-releases/

The quarterly dividend of $.56 is payable to holders of record at the close of trading on Dec 30, 2020?

The Dow Should exceed 30,000 soon

Going to take more than the divi to right the ship here 2021 will be epic and the most prosperous year of our life imo. Once Trump is reelected the oil fields will start up and the raging economy next year will raise the oil stocks from the dust.Some very very disturbing things will been seen by the public in the near future - it is so bad many will have a hard time believing what our Government has done. This world wide shut down was all about the election had nothing to do with the weak virus that was played up by the criminals.The EXORCISM is about to begin hold on to your brain.

What if Bin Laden was still alive ? Get ready !

The quarterly dividend of $.56 is payable to holders of record at the close of trading on September 30, 2020.

is this worth buying

up 25% ???? This is a long position no worry at all for me but I see you are trying to learn how I do it-

Jeesh!!!!! NGL Class B preferred falls off cliff

NGL-B paid me 1,690 last year on 1k shares - more next year 2250
Easy money 710.00 in appreciation today whats not to like ?

Nice stable chart although I admit I don't bird dog a hold like this, no reason to.

Next Dividend
Ex Date Amount % Chg From Prev Forward Yield
27-Dec - 30-Dec 0.5625 8.80%
Dividends By Year
Year # Dividends Total Amount % Chg From Prev Year
2019 3 1.6875 --
2018 4 2.25 +81.82%
2017 2 1.2375 --
2016 -- -- -

Easy Money

Green and getting paid so easy a caveman could do it !

Next Dividend
Ex Date Amount Forward Yield
27-Jun - 28-Jun 0.5625 9.43%
Dividends By Year
Year # Dividends Total Amount % Chg From Prev Year
2019 1 0.5625 --
2018 4 2.25 +81.82%
2017 2 1.2375 --
2016 -- -- --

I am real happy with NGL, which includes the preferred. I had some left over funds and got the preferred because I have enough of a position in NGL and the volatility (at the time) could be a bit much. At this time, NGL has been consolidating and any volatility is short lived.

Congrats to us. If NGL can put together another blockbuster quarter, I think we will be looking at $17 in short order.

lol hey srains - I bought a chunk of these at 24.06 for the long haul I sold off several position's to move more into NGL and dropped a block in these preferred's-Nice to see you here

lol hey srains - I bought a chunk of these at 24.06 for the long haul I sold off several position's to move more into NGL and dropped a block in these preferred's-Nice to see you here

You are not alone brother

They say no man is an island but alas here I sit under the coconut trees alone.
Not much to say or speculate about here thus the silence.

NGL-B Dividend Distributions ?

A list of both the upcoming and historical dividends (distributions) for NGL-B, if available. Projected dividends are based on past trends and announcements made by the company. The graph displays a choice of historical dividend amounts, or a trailing twelve month yield, with ability to compare to other companies.


Next Dividend
Ex Date Amount % Chg From Prev Forward Yield
27-Mar - 28-Mar 0.5625 9.28%
Dividends By Year
Year # Dividends Total Amount % Chg From Prev Year
2018 4 2.25 +81.82%
2017 2 1.2375 --
2016 -- --

The sister of a favorite NGL-B preferred's - I am long here of course

Prospectus excerpt: We are offering 7,400,000 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference $25.00 per Class B Preferred Unit, of NGL Energy Partners LP. Distributions on the Class B Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, when, as and if declared by our general partner; provided that the initial distribution on the Class B Preferred Units will accumulate from the date of original issue until September 30, 2017, and will be payable on October 15, 2017 in an amount equal to $0.675 per Class B Preferred Unit. Distributions on the Class B Preferred Units will be payable out of amounts legally available therefor from and including the date of original issue to, but not including, July 1, 2022 at a rate equal to 9.00% per annum of the $25.00 liquidation preference. On and after July 1, 2022, distributions on the Class B Preferred Units will accumulate for each quarterly distribution period at a percentage of the $25.00 liquidation preference equal to the applicable Three-Month LIBOR plus a spread of 721.3 basis points.