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Stock Market & Financial Investment News

News Breaks
July 2, 2014
08:10 EDTNGLNGL intends to recommend board to increase quarterly distribution
The company said, "The management of NGL Energy Partners LP intends to recommend to the board of directors of its general partner that NGL increase its quarterly distribution for Q1 ended June 30, by 3.75c to 58.875c per outstanding limited partner unit from 55.125c per unit, resulting in an annualized cash distribution of $2.355 per outstanding limited partner unit. On an annualized basis this represents an increase of 15c from $2.205 per unit to $2.355 per unit.
News For NGL From The Last 14 Days
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February 9, 2016
19:12 EDTNGLNGL Energy Partners reports Q3 EPS 3c, consensus 24c
Reports Q3 revenue $2.69B, consensus $3.3B.
February 2, 2016
08:37 EDTNGLTransMontaigne: NGL Energy closed sale of ownership interests in GP to Arclight
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08:31 EDTNGLNGL Energy says closes sale of interest in Transmontaigne Partners for $350M
NGL Energy Partners LP (NGL) announced that on February 1, 2016, it closed the sale of its interest in TransMontaigne GP LLC (TLP) to Gulf TLP Holdings, LLC, an affiliate of ArcLight Capital Partners for $350 million in cash. TLPGP is the general partner of TransMontaigne Partners L.P., a Delaware master limited partnership and holds the 2% general partner interest and incentive distribution rights of TLP. NGL will use the cash proceeds to repay borrowings outstanding on its revolving credit facility. The TransMontaigne marketing business is a significant part of NGL's refined products business and remains with NGL uninterrupted by this transaction. NGL will retain TransMontaigne Product Services LLC, its customer contracts and its line space on the Colonial and Plantation pipelines. NGL will retain approximately 3.2 million common units it owns in TLP and has granted an option to ArcLight to purchase 800,000 of those common units at a future date.
January 29, 2016
16:43 EDTNGLNGL Energy Partners CFO Atanas Atanasov to resign, effective February 5
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