Green Plains Partners Increases Quarterly Distribution

Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) announced a quarterly cash distribution of $0.445 per common unit for Q1 2022, marking a third consecutive increase from the prior $0.44. This annualizes to $1.78 per unit and will be payable on May 13, 2022, to unitholders of record by May 6, 2022. The announcement highlights the partnership's ongoing commitment to returning value to its unitholders.

Positive

• Quarterly distribution increased to $0.445 per unit, reflecting growth.
• Third consecutive increase in distribution, indicating strong financial health.
• Annualized distribution now stands at $1.78 per unit, demonstrating commitment to unitholders.

Negative

• None.

OMAHA, Neb., April 21, 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 $0.445 per unit on all of its outstanding common units, or $1.78 per unit on an annualized basis, for the first quarter of 2022. The increase over the previous quarterly distribution of $0.44 per unit is the third consecutive increase. The distribution is payable on May 13, 2022, to unitholders of record at the close of business on May 6, 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 GPP quarterly cash distribution for Q1 2022?

Green Plains Partners LP announced a quarterly cash distribution of $0.445 per unit for Q1 2022.

When will the GPP distribution be paid?

The distribution will be payable on May 13, 2022, to unitholders of record by May 6, 2022.

How much is the annualized distribution for GPP?

The annualized distribution for GPP is $1.78 per unit.

How many times has GPP increased its distribution?

GPP has increased its distribution for the third consecutive time with this announcement.