MarkWest Energy Partners Reports Fourth Quarter and Full Year 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 $127.2 million for the three months ended December 31, 2013, and $483.4 million for the year ended December 31, 2013. DCF for the three months and year ended December 31, 2013 represents distribution coverage of 94 percent and 99 percent, respectively. The fourth quarter distribution of $135.9 million, or $0.86 per common unit, was paid to unitholders on February 14, 2014. The fourth quarter 2013 distribution represents an increase of $0.01 per common unit or 1.2 percent over the third quarter 2013 distribution and an increase of $0.04 per common unit or 4.9 percent compared to the fourth quarter 2012 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.