DENVER, April 18, 2018 /PRNewswire/ -- Antero
Midstream Partners LP (NYSE: AM) ("Antero Midstream") and Antero
Midstream GP LP (NYSE: AMGP) ("AMGP") today announced their
respective first 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 $0.39 per unit ($1.56 per unit annualized) for the first quarter
of 2018. The distribution represents a 30% increase compared to the
prior year quarter and a 7% increase sequentially. The
distribution is Antero Midstream's thirteenth consecutive quarterly
distribution increase since its initial public offering in
November 2014 and will be payable on
May 18, 2018 to unitholders of record
as of May 3, 2018.
AMGP Increased Quarterly Distribution
The Board of Directors of AMGP GP LLC, the general partner of
AMGP, declared a distribution of $0.108 per share ($0.432 per share annualized) for the first
quarter of 2018. The distribution represents a 44% increase
compared to the fourth quarter of 2017. The distribution is
AMGP's third consecutive quarterly distribution increase since its
initial public offering in May 2017
and will be payable on May 23, 2018
to shareholders of record as of May
3, 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