CANONSBURG, Pa., Jan. 25, 2016 /PRNewswire/ -- The Board of
Directors of CONE Midstream GP LLC, the general partner of CONE
Midstream Partners LP (NYSE: CNNX), today announced the declaration
of a cash distribution of $0.2362 per
unit with respect to the fourth quarter of 2015. The
distribution will be made on February 12,
2016 to unitholders of record as of the close of business on
February 4, 2016. The
distribution, which equates to an annual rate of $0.9448 per unit, represents an increase of 3.6%
over the prior quarter, and an increase of 11.2% over the Minimum
Quarterly Distribution as defined in CNNX's partnership
agreement.
CONE Midstream Partners is a growth-oriented master limited
partnership formed by CONSOL Energy Inc.(NYSE:CNX) and Noble
Energy, Inc. (NYSE:NBL), whom we refer to as our Sponsors, to own,
operate, develop and acquire natural gas gathering and other
midstream energy assets to service our Sponsors' production in the
Marcellus Shale in Pennsylvania
and West Virginia. Our assets include natural gas gathering
pipelines and compression and dehydration facilities, as well as
condensate gathering, collection, separation and stabilization
facilities. More information is available at our website
www.conemidstream.com.
This press release is intended to be a qualified notice to
nominees as provided for under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat one hundred
percent (100.0%) of CONE Midstream's distributions to non-U.S.
investors as being attributed to income that is effectively
connected with a United States
trade or business. Accordingly, CONE Midstream's
distributions to non-U.S. investors are subject to federal income
tax withholding at the highest applicable effective tax rate.
Nominees, and not CONE Midstream, are treated as withholding
agents responsible for withholding on the distributions received by
them on behalf of foreign investors.
Contact:
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Stephen R.
Milbourne
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CONE Midstream
Partners Investor Relations
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Phone: 724-485-4408
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Email:
smilbourne@conemidstream.com
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SOURCE CONE Midstream Partners LP