BPMP Declares Fourth Quarter 2017 Distribution

HOUSTON--(BUSINESS WIRE)--BP Midstream Partners LP (“BP Midstream,” “BPMP” or the “Partnership”) today announced that the Board of Directors of BP Midstream Partners GP LLC, the general partner of the Partnership, declared its initial quarterly cash distribution of $0.179755 per unit for the fourth quarter of 2017. The distribution represents a prorated portion of the Partnership's minimum quarterly distribution of $0.2625 per unit ($1.05 per unit annualized), based upon the number of days after the closing of the Partnership's initial public offering on October 30, 2017, through December 31, 2017. The distribution will be payable on February 15, 2018, to unitholders of record as of February 1, 2018, with an ex-distribution date of January 31, 2018.