DENVER, Oct. 11, 2017 /PRNewswire/ -- Antero Midstream
Partners LP (NYSE: AM) ("Antero Midstream") and Antero Midstream GP
LP (NYSE: AMGP) ("AMGP") today announced their respective third
quarter 2017 distributions.
Antero Midstream Increased Quarterly Distribution
The Board of Directors of Antero Midstream Partners GP LLC, the
general partner of Antero Midstream, declared a cash distribution
of $0.34 per unit ($1.36 per unit annualized) for the third quarter
of 2017. The distribution represents a 28% increase compared to the
prior year quarter and a 6% increase sequentially. The
distribution is Antero Midstream's eleventh consecutive quarterly
distribution increase since its initial public offering in
November 2014 and will be payable on
November 16, 2017 to unitholders of
record as of November 1, 2017.
AMGP Increased Quarterly Distribution
The Board of Directors of AMGP GP LLC, the general partner of
AMGP, declared a distribution of $0.059 per share ($0.236 per share annualized) for the third
quarter of 2017. The third quarter distribution represents
AMGP's first full quarterly distribution following the pro-rata
distribution for the second quarter for the period from the closing
of the initial public offering on May 9,
2017 through June 30, 2017.
The distribution will be payable on November
23, 2017 to shareholders of record as of November 1, 2017.
Antero Midstream is a limited partnership that owns, operates
and develops midstream gathering, compression, processing and
fractionation assets as well as integrated water assets that
primarily service Antero Resources Corporation's properties located
in West Virginia and Ohio. Holders of Antero Midstream common units
will receive a Schedule K-1 with respect to distributions received
on the common units.
AMGP is a Delaware limited
partnership that has elected to be classified as an entity taxable
as a corporation for U.S. federal income tax purposes.
Holders of AMGP common shares will receive a Form 1099 with respect
to distributions received on the common shares. AMGP owns the
general partner of Antero Midstream and indirectly owns the
incentive distribution rights in Antero Midstream.
This release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Brokers and nominees
should treat one hundred percent (100%) of the distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United
States trade or business. Accordingly, the distributions to
non-U.S. investors are subject to federal income tax withholding at
the highest applicable effective tax rate.
For more information, contact Michael
Kennedy – CFO of Antero Midstream and AMGP at (303) 357-6782
or mkennedy@anteroresources.com.
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SOURCE Antero Midstream Partners LP; Antero Midstream GP LP