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Antero Midstream Spends $74 Million in 2Q
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Antero Midstream Partners LP released its second quarter 2015 financial and operating results.
Second Quarter 2015 Highlights: Low pressure gathering volumes averaged 965 MMcf/d, a 150% increase compared to the prior year quarter and a 3% increase sequentially High pressure gathering volumes averaged 1,197 MMcf/d, a 350% increase compared to the prior year quarter and a 6% increase sequentially Compression volumes averaged 454 MMcf/d, a 1,005% increase compared to the prior year quarter and a 27% increase sequentially Adjusted EBITDA of $41 million, a 256% increase compared to the prior year Distributable cash flow of $37 million resulting in DCF coverage of 1.28x Increased quarterly cash distribution to $0.19 per unit ($0.76/unit annualized), a 6% increase compared to the first quarter…- ✓ Full news archive — U.S., Canada & international coverage
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