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Summit Sees Strong Q3 Results, Underlines Antero Marcellus Partnership
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Summit Midstream Partners, LP has reported financial and operating results for the three and nine months ended September 30, 2013.
Steve Newby, President and Chief Executive Officer of SMLP commented, "SMLP delivered another solid quarter of financial results. Our third quarter financial results, coupled with our outlook for the business over the long-term, allowed us to increase the third quarter 2013 distribution to $0.46 per unit, a 5.75% increase over the second quarter of 2013. We have now increased our distribution 15.0% over our minimum quarterly distribution since going public in October of 2012, while maintaining a coverage ratio of 1.23x for the nine months ended September 30, 2013.
"We are also very excited about expanding our relationship with Antero in the Marcellus…
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