NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units

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 June 30, 2019 to be paid to the holders of the Partnership’s
9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual
Preferred Units (“Class B Preferred Units”) and the 9.625% Class C
Fixed-to-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
distributions of $0.5625 per unit and the Class C Preferred Units
distributions of $0.59488 per unit will be made on July 15, 2019 to
holders of record on July 1, 2019.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with four primary
businesses: water solutions, crude oil logistics, NGL logistics and
refined products/renewables. For further information, visit the
Partnership’s website at www.nglenergypartners.com.

This release is a qualified notice under Treasury Regulation Section
1.1446-4(b).
Brokers and nominees should treat 100% of NGL Energy
Partner LP’s distributions to foreign investors as being attributable to
income that is effectively connected with a United States trade or
business.
Therefore, distributions to foreign investors are
subject to federal income tax withholding at the highest applicable
effective tax rate.

Contacts

NGL Energy Partners LP
Trey Karlovich, 918.481.1119
Executive
Vice President and Chief Financial Officer
Trey.Karlovich@nglep.com
or
Linda
Bridges, 918.481.1119
Senior Vice President – Finance and Treasurer
Linda.Bridges@nglep.com