EQGP Holdings Q3 Profit Rises

(RTTNews) - EQGP Holdings LP (EQGP) reported that its Limited partner interest in net income for the third quarter 2018 rose to $95.10 million or $0.31 per unit from $66.94 million or $0.25 per unit last year.

Operating revenues for the quarter grew to $364.58 million from $206.29 million last year.

For the third quarter of 2018, EQGP will pay a quarterly cash distribution of $0.315 per unit, which will be paid on November 23, 2018 to EQGP unitholders of record at the close of business on November 2, 2018. The quarterly cash distribution is 3% higher than the second quarter of 2018 and is 38% higher than the third quarter 2017 distribution. For the quarter, EQGP expects to receive $97.7 million of cash distributions from EQM and distribute $95.3 million.