NGL-P-B: NGL Energy Partners LP 9% Series B Preferred Stock

NGL-P-B →

NGL Energy Partners LP's NGL-P-B is an exchange-traded preferred stock in the Natural Gas Transmission sector.

At a recent price of $25.75, NGL-P-B yields 11.20% on its $25 liquidation preference and 9% coupon.

It trades at a premium of 3.0% to par.

The issue is cumulative, perpetual (no stated maturity), callable on or after 2022-07-01.

Distributions are paid quarterly.

Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at

A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.

Key terms

YieldAnnual income as a % of the price. Higher means more income — but check why a yield is unusually high.

ParThe face value, almost always $25 — the price the company can redeem the share at.

Discount / PremiumWhether the share trades below par (a discount) or above it (a premium).

Call dateThe first date the company is allowed to buy the share back from you at par.

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This is information, not investment advice.