DENVER, July 13, 2017 /PRNewswire/ -- Antero
Midstream Partners LP (NYSE: AM) ("Antero Midstream") and Antero
Midstream GP LP (NYSE: AMGP) ("AMGP") today announced their
respective second quarter 2017 distributions.
AM Increased Quarterly Distribution
The Board of
Directors of Antero Midstream Partners GP LLC, the general partner
of Antero Midstream, declared a cash distribution of $0.320 per unit ($1.280 per unit annualized) for the second
quarter of 2017. The distribution represents a 28% increase
compared to the prior year quarter and a 7% increase
sequentially. The distribution is Antero Midstream's tenth
consecutive quarterly distribution increase since its initial
public offering in November 2014 and
will be payable on August 16, 2017 to
unitholders of record as of August 3,
2017.
AMGP Initial Quarterly Distribution
The Board of
Directors of AMGP GP LLC, the general partner of AMGP, declared a
cash distribution of $0.027 per
share for the second quarter of 2017. The distribution
reflects a pro-rated distribution for the quarter from the closing
of the AMGP initial public offering on May
9, 2017 through June 30, 2017.
The distribution will be payable on August
23, 2017 to shareholders of record as of August 3, 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.
AMGP is a Delaware limited
partnership that owns the general partner of Antero Midstream and
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