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Antero Midstream GP LP (AMGP) will raise its quarterly distribution by 44 percent to $0.108 per unit in May 2018. The MLP initiated its distribution last July.

The distribution is AMGP's third consecutive quarterly distribution increase since its initial public offering in May 2017 and will be payable in May 2018. The new distribution yield for AMGP is 2.6%.

AMGP is a Delaware limited partnership that owns the general partner of Antero Midstream and incentive distribution rights in Antero Midstream. Antero Midstream is a limited partnership that owns, operates and develops midstream gathering, compression, processing and fractionation assets as well as integrated water assets that primarily service Antero Resources Corporation's properties located in West Virginia and Ohio.