Partnership Equity and Distributions (Tables)

6 Months Ended

Jun. 30, 2018

Partnership Equity and Distributions

Summary of percentage allocations for distributions

If cash distributions to our unitholders exceed $0.1955 per common unit in any quarter, our unitholders and the holder of our incentive distribution rights (“IDRs”), will receive distributions according to the following percentage allocations:

	Marginal Percentage
	Interest in Distributions
Total Quarterly Distribution			Holder of
Target Amount	Unitholders		IDRs
above $0.1955 up to $0.2125	85	%	15	%
above $0.2125 up to $0.2550	75	%	25	%
above $0.2550	50	%	50	%

Summary of quarterly cash distribution to partners

			Distributions
Quarter and Year	Record Date	Distribution Date	Common unitholders		Holder of IDRs		Total		Distributions per unit
Q4 2016	February 1, 2017	February 8, 2017	$	50,090		7,543		57,633	$	0.2800
*	April 21, 2017	April 30, 2017		75		—		75		*
Q1 2017	May 3, 2017	May 10, 2017		55,753		11,553		67,306		0.3000
Q2 2017	August 3, 2017	August 16, 2017		59,695		15,328		75,023		0.3200
Q3 2017	November 1, 2017	November 16, 2017		63,454		19,067		82,521		0.3400
*	November 12, 2017	November 17, 2017		1,392		—		1,392		*
	Total 2017		$	230,459		53,491		283,950
Q4 2017	February 1, 2018	February 13, 2018	$	68,231		23,772		92,003	$	0.3650
*	April 15, 2018	April 20, 2018		263		—		263		*
Q1 2018	May 3, 2018	May 18, 2018		72,943		28,461		101,404		0.3900
	Total 2018		$	141,437		52,233		193,670

* Distribution equivalent rights on limited partner interests that vested under the Midstream LTIP.