HOUSTON, April 26, 2017 (GLOBE NEWSWIRE) -- PennTex Midstream Partners, LP (NASDAQ:PTXP) (the “Partnership”) announced today a quarterly cash distribution for the first quarter ended March 31, 2017 of $0.295 per unit, or $1.18 per unit on an annualized basis. This cash distribution is the same amount as the Partnership’s cash distribution for the fourth quarter of 2016 and will be paid on May 12, 2017 to unitholders of record as of the close of business on May 5, 2017.
About PennTex Midstream Partners, LP
PennTex Midstream Partners, LP provides natural gas gathering and processing and residue gas and natural gas liquids transportation services to producers in northern Louisiana. Energy Transfer Partners, L.P. owns the general partner of PTXP. For more information, visit www.penntex.com.
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This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) that 100% of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
Source:PennTex Midstream Partners LP