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CNX Midstream Partners boosts quarterly distribution by 3.6%

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CNX Midstream Partners boosts quarterly distribution by 3.6%

CNX Midstream Partners LP raised its cash distribution for the fourth quarter of 2018 to 36.03 cents per unit, an increase of 1.24 cents, or 3.6%, from the third quarter of that year.

The increase results in an annual rate of $1.4412 per unit, according to a Jan. 16 news release. It is 4.7 cents, or 15%, higher year over year.

The distribution is payable Feb. 13 to unit holders of record as of Feb. 5.

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