Slideshow Preferreds Trading at the Largest Discounts

By Preferred Stock Channel Staff, updated Fri, October 23, 6:45 AM

#25. NGL Energy Partners LP | 9.00% Class B Fixed-to-Floating Rate Cumulative (NYSE:NGL.PRB) | -56.24% CURRENT DISCOUNT

Discount to Liquidation Preference: -56.24%Average Discount in Category: -22.39%
Current Annualized Yield: 20.57%Average Yield in Category: 11.64%
Days Since Last Ex-Div Date: 22 | See Dividend History »Categorization: Energy

Alternate symbology:NGL-B, NGL-PB, NGLprB
Call Date:7/1/2022
Shares Offered:7,400,000
Liquidation Preference:$25
Recent Market Price:$11.34
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-13.66 (-54.64%)
Annualized Dividend:2.25
Recent Ex-Date:9/29/2020
Current Yield:7.94%
Original Coupon:9.00%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
NGL Energy Partners transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and refined petroleum products. Co.'s crude oil logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale. Co.'s water solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. Co.'s liquids and refined products segment conducts marketing operations for natural gas liquids, refined petroleum products and biodiesel to a range of commercial, retail and industrial customers across the United States and Canada.

Preferreds: NGL.PRB, NGL.PRC

Open the NGL Information Page »
NGL Energy Partners LP
Oil & Gas Equipment & Services
Number of ETFs Holding NGL: 
1 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Preferreds Trading at the Largest Discounts - Slide 1 of 25 |

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