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Strategies & Market Trends : Value Investing
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From: Elroy11/4/2025 5:05:37 PM
2 Recommendations

Recommended By
berniel
FIFO_kid2

   of 78774
 
I think I've mentioned NGL preferreds here before.

NGL reported an outstanding Sep quarter, raised guidance, increased growth Cap Ex, and this thing is on it's way up.

https://www.businesswire.com/news/home/20251104390021/en/NGL-Energy-Partners-LP-Announces-Second-Quarter-Fiscal-2026-Financial-Results

I bought NGL common units after hours.

The NGL preferreds (B and C series) pay 11.5% of $25, and were trading at about $22.30 today. The partnership bought both preferreds and common units in the quarter. They aren't going into arrears, it's the safest 11.5% yield you're going to find out there.
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