Green Plains Partners Increases Quarterly Distribution

Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) has announced a quarterly cash distribution of $0.455 per unit for Q3 2022, marking a consistent increase for the fifth consecutive quarter. This elevates the annualized distribution to $1.82 per unit, payable on November 14, 2022, to unitholders on record as of November 4, 2022. The partnership emphasizes that all distributions to foreign investors are subject to U.S. federal income tax withholding. Green Plains Partners offers storage and transportation services for fuel, operating under a fee-based model.

Positive

• Quarterly distribution increased to $0.455 per unit, up from $0.45, indicating strong cash flow.
• This marks the fifth consecutive increase in quarterly distributions.

Negative

• None.

OMAHA, Neb., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.455 per unit on all of its outstanding common units for the third quarter of 2022, or $1.82 per unit on an annualized basis. The increase over the previous quarterly distribution of $0.45 per unit is the fifth consecutive increase. The distribution is payable on November 14, 2022, to unitholders of record at the close of business on November 4, 2022.

This release serves as a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100% of Green Plains Partners’ distributions to foreign investors are attributable to income that is effectively connected with a U.S. trade or business. Accordingly, all of the partnership’s distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate.

About Green Plains Partners LP
Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage terminals, transportation assets and other related assets and businesses. For more information about Green Plains Partners, visit www.greenplainspartners.com.

Green Plains Inc. Contacts
Investors: Phil Boggs | Executive Vice President, Investor Relations | 402.884.8700 | phil.boggs@gpreinc.com
Media: Lisa Gibson | Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com

FAQ

What is the recent distribution amount announced by Green Plains Partners LP (GPP)?

Green Plains Partners LP announced a quarterly cash distribution of $0.455 per unit for Q3 2022.

When will the distribution be payable to unitholders of Green Plains Partners (GPP)?

The distribution will be payable on November 14, 2022.

What is the annualized distribution rate for GPP as of the latest announcement?

The annualized distribution rate for Green Plains Partners LP is $1.82 per unit.

How many consecutive increases in distribution has GPP had?

Green Plains Partners LP has had five consecutive increases in its quarterly distribution.