DENVER, Oct. 17, 2018 /PRNewswire/ -- Antero
Midstream Partners LP (NYSE: AM) ("Antero Midstream") and Antero
Midstream GP LP (NYSE: AMGP) ("AMGP") today announced their
respective third quarter 2018 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 $0.44 per unit ($1.76 per unit annualized) for the third quarter
of 2018. The distribution represents a 29% increase compared to the
prior year quarter and a 6% increase sequentially. The
distribution is Antero Midstream's fifteenth consecutive quarterly
distribution increase, all of which represented 28% to 30% growth
on an annualized basis, since its initial public offering in
November 2014. The distribution will
be payable on November 16, 2018 to
unitholders of record as of November 2,
2018.
AMGP Increased Quarterly Distribution
The Board of Directors of AMGP GP LLC, the general partner of
AMGP, declared a distribution of $0.144 per share ($0.576 per share annualized) for the third
quarter of 2018. The distribution represents a 144% increase
compared to the prior year quarter and a 15% increase
sequentially. The distribution is AMGP's fifth consecutive
quarterly distribution increase since its initial public offering
in May 2017 and will be payable on
November 21, 2018 to shareholders of
record as of November 2,
2018.
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