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

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, 2025 to be paid to the holders of the Partnership's 11.772% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class B Preferred Units") and the 11.682% Class C 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 will receive a quarterly distribution of $0.7358 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7301 per unit on July 15, 2025, to holders of record on July 1, 2025.

Additionally, the Board of Directors declared a quarterly cash distribution for the Class D Preferred Units in the amount of $17,047,487.57 for the quarter ending June 30, 2025. The Class D Preferred distribution will also be made on July 15, 2025, to the holders of record on July 1, 2025.

Forward-Looking Statements

Certain matters contained in this press release include "forward-looking statements." All statements, other than statements of historical fact, included in this press release may constitute forwarding-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC.

Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.

About NGL Energy Partners LP

NGL Energy Partners LP, a Delaware master limited partnership, operates the largest integrated network of large diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. NGL also operates wastewater disposal in the Eagle Ford and DJ Basins. In addition, NGL markets and provides other logistics services for crude oil, through its ownership of the Grand Mesa Pipeline System, Cushing terminal and other Gulf Coast terminals. For further information, visit the Partnership's website at www.nglenergypartners.com.

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Investor Contact:

NGL Energy Partners LP

David Sullivan, 918-495-4631

Vice President - Finance

[email protected]