Distributions from Antero Midstream
|12 Months Ended|
Dec. 31, 2017
|Distributions from Antero Midstream|
|Distributions from Antero Midstream||
(5) Distributions from Antero Midstream
Antero Midstream’s partnership agreement provides for a minimum quarterly distribution of $0.17 per common unit for each quarter, or $0.68 per unit on an annualized basis. If cash distributions to Antero Midstream’s unitholders exceed $0.1955 per common unit in any quarter, IDR LLC, as the holder of Antero Midstream’s IDRs, will receive distributions according to the following percentage allocations:
From the initial public offering of Antero Midstream in the fourth quarter of 2014 through December 31, 2017, distributions per common unit and distributions related to the IDRs were as follows:
The board of directors of Antero Midstream’s general partner has declared a cash distribution of $0.365 per unit for the quarter ended December 31, 2017. The distribution was paid on February 13, 2018 to shareholders of record as of February 1, 2018. The distribution attributable to the IDRs for the quarter ended December 31, 2017 is $23.8 million.
Distributions attributable to the IDRs which relate to periods prior to May 9, 2017, the closing of our IPO, were distributed to Antero Investment prior to its liquidation.
The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units.
Reference 1: http://www.xbrl.org/2003/role/presentationRef