Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events

Subsequent Events

19. SUBSEQUENT EVENTS

On May 3, 2019, the Board declared a first-quarter 2019 cash distribution on the Partnership’s common units of $0.15 per unit ($0.60 per unit annualized) payable on May 31, 2019 to the holders of record on May 22, 2019.  The Partnership also declared a first-quarter cash distribution on the Class B Preferred Units of $0.28225 per Class B Preferred Unit payable on May 31, 2019 to holders of record on May 22, 2019.

On April 23, 2019, the Partnership paid $2.0 million in principal outstanding under the Credit Agreement resulting in debt outstanding of $176.0 million under the Credit Agreement as of that date.

Effective April 1, 2019, the Partnership increased the Western Catarina Midstream tariff rate for throughput volumes from approximately 71,000 net acres on Sanchez Energy’s Catarina Asset which are not currently dedicated under the Gathering Agreement.