MarkWest Energy Partners Reports First Quarter Financial Results

DENVER--(BUSINESS WIRE)--MarkWest Energy Partners, L.P. (NYSE: MWE) (“the Partnership”) today reported quarterly cash available for distribution to common unitholders, or distributable cash flow (DCF), of $148.4 million for the three months ended March 31, 2014, compared to $109.8 million for the three months ended March 31, 2013. DCF for the three months ended March 31, 2014 represents distribution coverage of 105 percent. The first quarter distribution of $141.4 million, or $0.87 per common unit, will be paid to unitholders on May 15, 2014. The first quarter 2014 distribution represents an increase of $0.01 per common unit or 1.2 percent over the fourth quarter 2013 distribution and an increase of $0.04 per common unit or 4.8 percent compared to the first quarter 2013 distribution. As a Master Limited Partnership, cash distributions to common unitholders are largely determined based on DCF. A reconciliation of DCF to net income, the most directly comparable GAAP financial measure, is provided within the financial tables of this press release.