EQT Midstream’s recent distribution
EQT Midstream Partners (EQM) declared a distribution of $0.82 per unit for 3Q16, which represents a 22.0% increase from 3Q15 and a 4% increase from 2Q16. At the same time, EQT GP Holdings (EQGP) declared a quarterly distribution of $0.17 per unit for 3Q16, which represents a 10% increase from 2Q16.
EQT Midstream’s distribution guidance
EQT Midstream Partners reiterated its 20% distribution growth target for 2017, which would result in 40% distribution growth at EQGP. According to a press release on December 12, 2016, “beginning in 2018, EQM is targeting annual per unit distribution growth of 15% – 20% for several years. For EQGP, the corresponding annual per unit distribution growth target is 30% – 40%.”