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Stock Market & Financial Investment News

News Breaks
January 9, 2013
08:55 EDTSEMG, NGL, RRMSSemGroup plans to pay a cash dividend in Q2
SemGroup (SEMG) announced that it expects to pay a quarterly cash dividend to common shareholders beginning in Q2. The dividend is targeted to represent a pass-through of the majority of the cash distributions received by SemGroup from its interests in Rose Rock Midstream (RRMS) and NGL Energy Partners (NGL). The dividend is expected to be based on the previous quarter's distributions received from SemGroup's interests in these master limited partnerships. Accordingly, the initial dividend, to be declared and paid in Q2, is anticipated to be based on the distributions received by SemGroup from Rose Rock Midstream and NGL Energy Partners in Q1.
News For SEMG;RRMS;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.

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