COM - NGL Energy Partners: Preferreds Going To Current Yield Upside Now In The Common

2024-04-11 13:51:04 ET

Summary

• NGL Energy Partners LP has paid off all arrearages on its preferred stock, increasing investor confidence.
• The company plans to redeem its privately held series D preferred stock before committing capital elsewhere.
• The common equity of NGL is now very attractive, with the potential for significant growth in the next year.

All NGL Arrearages Paid:

I don't normally write two articles on the same company two days apart. However, it's warranted when companies post material information in such a tight time frame....

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