NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B 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 December 31, 2017, 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”) in accordance with the terms
outlined in NGL’s partnership agreement. The Class B Preferred Units
distribution of $0.5625 per unit will be made on January 15, 2018, to
holders of record on December 29, 2017.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with five primary
businesses: water solutions, crude oil logistics, NGL logistics, refined
products/renewables and retail propane. 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
[email protected]
or
Linda
Bridges, 918-481-1119
Vice President – Finance and Treasurer
[email protected]