Antero Midstream GP LP Announces 2017 Guidance and Long-Term Outlook

DENVER, June 15, 2017 /PRNewswire/ -- Antero Midstream GP LP (NYSE: AMGP) ("AMGP") today announced its 2017 distribution guidance and provided a long-term outlook through 2020.

2017 Guidance

AMGP is forecasting distributions per share of $0.15 to $0.17 for the year ended December 31, 2017. The forecast distributions reflect a pro-rated distribution during the second quarter of 2017 (from the closing of the AMGP initial public offering on May 9^th, 2017 through June 30^th, 2017) and forecasted distributions for the third and fourth quarters of 2017. AMGP's forecast distributions per share correspond to Antero Midstream Partners LP's (NYSE: AM) ("Antero Midstream") 2017 annual distribution growth guidance of 28% to 30%, as provided on February 6th, 2017. Antero Midstream's previously provided guidance can be found at www.anteromidstream.com.

Long-term Outlook

AMGP is targeting the following distributions per share through 2020 based on Antero Midstream's corresponding compound annual distribution growth target of 28% to 30% through 2020, as provided on February 6^th, 2017.  AMGP's distribution growth targets exclude the impact of any future debt or equity offerings, acquisitions, or divestitures at either Antero Midstream or AMGP.

Antero Midstream GP LP is a Delaware limited partnership that owns the general partner of Antero Midstream and incentive distribution rights in Antero Midstream.

This release includes "forward-looking statements" within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond AMGP's control. All statements, other than historical facts, included in this release are forward-looking statements. All forward-looking statements speak only as of the date of this release and are based upon a number of assumptions. Although AMGP believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that the assumptions underlying these forward-looking statements will be accurate or the plans, intentions or expectations expressed herein will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Nothing in this release is intended to constitute guidance with respect to Antero Midstream.

AMGP cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond AMGP's and Antero Midstream's control, incident to Antero Midstream's business. These risks include, but are not limited to, Antero Resources Corporation's ("Antero Resources") expected future growth, Antero Resources' ability to meet its drilling and development plan, commodity price volatility, Antero Midstream's ability to execute its business strategy, competition and government regulations, actions taken by third-party producers, operators, processors and transporters, inflation, environmental risks, drilling and completion and other operating risks, regulatory changes, the uncertainty inherent in projecting future rates of production, cash flow and access to capital and the timing of development expenditures.

For more information, contact Michael Kennedy – CFO of Antero Midstream GP LP at (303) 357-6782 or mkennedy@anteroresources.com.

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SOURCE Antero Midstream GP LP