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Antero Midstream increases quarterly distribution as gathering volumes jump

has increasedits quarterly distribution to 23.5 cents per unit for the first quarter, equatingto 94 cents per unit annualized.

The new distributionis 31% higher than in the first quarter of 2015 and a 7% increase over the fourth-quarter2015 distribution. It will be paid May 25 to unit holders of record May 11.

Antero Midstreamalso provided an operational update for the first quarter, reporting low-pressuregathering volumes of 1,303 MMcf/d, an increase of 39% compared to the first quarterof 2015. High-pressure gathering volumes rose 8% year over year. The increase wasattributed to production growth from E&P affiliate Antero Resources Corp. on the partnership's dedicated acreage.

Compressionvolumes rose by 69% compared to the prior-year first quarter, to 606 MMcf/d, asthe partnership's first Ohio Utica Shale compressor station surpassed 90% utilization.

Condensate gatheringvolumes averaged 2,965 barrels per day in the first quarter, increasing 23% yearover year.