Tallgrass Energy Partners LP raised its fourth-quarter distribution 2.5% over the previous quarter's, to 81.5 cents per unit, or $3.26 annualized.

The distribution also represents an increase of 27.3% over the prior-year quarter, according to a Jan. 24 news release. For the fourth quarter, Tallgrass Energy GP LP also increased its quarterly distribution 5.7% compared to the previous quarter, to 27.75 cents per class A share, or $1.11 annualized.

Both distributions will be paid Feb. 14 to unit holders and shareholders of record as of the close of business Feb. 3.