MarkWest Energy Partners, L.P on a rise of its Quarterly Cash Distribution by 19 Percent

MarkWest Energy Partners, L.P on a rise of its Quarterly Cash Distribution by 19 Percent

MarkWest Energy Partners, L.P. told the press that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.63 per common unit for the second quarter of 2008, for an implied annual rate of $2.52 per common unit. The second quarter 2008 distribution represents an increase of $0.03 per common unit compared to the first quarter 2008 distribution and an increase of $0.10 per common unit, or 19 percent, compared to the second quarter 2007 distribution.

Frank Semple, President and Chief Executive Officer said that The second quarter distribution increase reflects continued strong performance of our assets, a solid underlying capital structure, and confidence in our long-term growth opportunities. As a result of the merger with MarkWest Hydrocarbon in early 2008, all of our distributable cash flow is available for distribution to our unitholders and the elimination of a standalone parent company provides complete transparency to our balance sheet and our operations. We are very excited about our 2008 performance and future growth opportunities, and we look forward to our second quarter earnings call. During that call we will provide increased guidance for full year 2008 distributable cash flow, an expanded growth capital plan, and a continued strong coverage ratio.

MarkWest Energy Partners, L.P. is a growth-oriented master limited partnership engaged in the gathering, transportation, and processing of natural gas; the transportation, fractionation, marketing, and storage of natural gas liquids; and the gathering and transportation of crude oil. MarkWest has extensive natural gas gathering, processing, and transmission operations in the southwestern and Gulf Coast regions of the United States and is the largest natural gas processor in the Appalachian region. The primary business strategy of MarkWest is to provide outstanding customer service at competitive rates and to expand its assets and cash flow available for distribution through a balanced combination of organic growth projects and selective acquisitions.

Source: MarkWest Energy Partners, L.P.

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