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CNX Midstream Partners boosts quarterly distribution

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CNX Midstream Partners boosts quarterly distribution

CNX Midstream Partners LP raised its distribution for the third quarter to 40 cents per unit, up 1.3 cents, or 3.4%, from the second-quarter distribution.

The distribution, equivalent to an annual rate of $1.60 per unit, is an increase of 5.2 cents, or 15%, compared with a year earlier. It is payable Nov. 12 to unit holders of record as of Nov. 5.

CNX Midstream owns and operates midstream assets serving natural gas production in the Appalachian Basin in Pennsylvania and West Virginia.