UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 24, 2013
MARKWEST ENERGY PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of |
|
001-31239 (Commission File Number) |
|
27-0005456 (I.R.S. Employer |
1515 Arapahoe Street, Tower 1, Suite 1600, Denver CO 80202
(Address of principal executive offices)
Registrants telephone number, including area code: 303-925-9200
Not Applicable.
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-Commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-Commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. Other Events.
On July 24, 2013, the Board of Directors of the General Partner of the Partnership declared a cash distribution of $0.84 per common unit for the second quarter of 2013, for an implied annual rate of $3.36 per common unit. The first quarter 2013 distribution is payable August 14, 2013, to unitholders of record on August 6, 2013. The ex-dividend date is August 2, 2013. On July 24, 2013, the Partnership issued a press release relating to the second quarter distribution. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Cautionary Statements
This filing includes forward-looking statements. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance, and other factors as discussed in our filings with the Securities and Exchange Commission. Among the factors that could cause results to differ materially are those risks discussed in the periodic reports we file with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2012, and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading Risk Factors. We do not undertake any duty to update any forward-looking statement except as required by law.
ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
|
Description of Exhibit |
|
|
|
99.1 |
|
Press Release dated July 24, 2013, announcing increased quarterly cash distribution. |
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
MARKWEST ENERGY PARTNERS, L.P. | |
|
(Registrant) | |
|
| |
|
| |
|
By: |
MarkWest Energy GP, L.L.C., |
|
|
Its General Partner |
|
|
|
Date: July 26, 2013 |
By: |
/s/ NANCY K. BUESE |
|
|
Nancy K. Buese Senior Vice President and Chief Financial Officer |
Exhibit 99.1
Contact: |
Frank Semple, Chairman, President & CEO | |
1515 Arapahoe Street |
|
Nancy Buese, Senior VP & CFO |
Tower 1, Suite 1600 |
|
Josh Hallenbeck, VP of Finance & Treasurer |
Denver, Colorado 80202 |
Phone: |
(866) 858-0482 |
|
E-mail: |
investorrelations@markwest.com |
MarkWest Energy Partners Increases Quarterly Cash Distribution
DENVERJuly 24, 2013MarkWest Energy Partners, L.P. (NYSE: MWE) today announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.84 per common unit for the second quarter of 2013, for an implied annual rate of $3.36 per common unit. The second quarter 2013 distribution represents an increase of $0.04 per common unit, or 5.0 percent, compared to the second quarter 2012 distribution and an increase of $0.01 per common unit, or 1.2 percent, compared to the first quarter 2013 distribution.
The second quarter 2013 distribution is payable August 14, 2013, to unitholders of record on August 6, 2013. The ex-dividend date is August 2, 2013.
###
MarkWest Energy Partners, L.P. is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering and transportation of crude oil. MarkWest has a leading presence in many unconventional gas plays including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale and Granite Wash formation.
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of MarkWests distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, MarkWests distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes forward-looking statements. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although MarkWest believes that the expectations reflected in the forward-looking statements are reasonable, MarkWest can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission (SEC). Among the factors that could cause results to differ materially are those risks discussed in the periodic reports filed with the SEC, including MarkWests Annual Report on Form 10-K for the year ended December 31, 2012 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading Risk Factors. MarkWest does not undertake any duty to update any forward-looking statement except as required by law.
Source: MarkWest Energy Partners, L.P.
MarkWest Energy Partners, L.P.
Frank Semple, Chairman, President & CEO
Nancy Buese, Senior VP & CFO
Josh Hallenbeck, VP of Finance & Treasurer