NGL Energy Partners LP Board Authorizes $100 Mln LP Common Unit Repurchase Program
(RTTNews) - NGL Energy Partners LP (NGL), Thursday announced that the Board of Directors of its general partner has authorized a common unit repurchase program to repurchase up to $100 million of its outstanding units representing limited partnership interests of the company.
Notably, the repurchase program does not have a fixed expiration date.
Under the program, NGL may purchase shares of common units on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices deemed appropriate by NGL.
In the pre-market hours, NGL is trading at $13.35, up 0.68 percent on the New York Stock Exchange.
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