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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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April 24, 2015
07:07 EDTNGLNGL Energy Partners increases quarterly dividend to 62.5c per share
NGL Energy Partners announced that the Board of Directors of its general partner declared a quarterly distribution of 62.5c per unit, or $2.50 on an annualized basis, for the quarter ended March 31, 2015. This distribution represents a 1.21% increase over the prior quarterly distribution of 61.75c per unit and a 13.38% increase over the distribution paid for the same quarter a year ago. This distribution is payable on May 15, 2015, to unitholders of record entitled to receive the distribution at the close of business on May 5, 2015. This is the fourteenth consecutive quarter NGL has increased its cash distribution since its public offering in May 2011.
April 23, 2015
07:17 EDTNGLNGL Energy Partners places purchase order for 558 miles of pipe for Grand Mesa
NGL Energy Partners, through its wholly owned subsidiary Grand Mesa Pipeline, LLC, announced that it has placed a purchase order for approximately 558 miles of 20 diameter pipe in support of the Grand Mesa Pipeline system project. The purchase order was placed with Welspun Tubular LLC, with final delivery scheduled for November. The Grand Mesa Pipeline system project will include over 550 miles of new crude oil transportation pipeline, multiple truck injection bays, over one million barrels of operational storage, and at least two collection points located near Lucerne and Kersey in Weld County, Colorado. The system is in active development and is currently tracking both on schedule and on budget with right-of-way, survey, engineering, procurement and permitting. Rimrock Midstream, LLC will construct and operate the pipeline system.
April 22, 2015
07:07 EDTNGLNGL Energy Partners raises FY15 adjusted EBITDA view to $425M or greater
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