DENVER—April 19, 2007—MarkWest Energy Partners, L.P. (AMEX: MWE) today announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.51 per unit for the first quarter of 2007, for an implied annual distribution rate of $2.04 per unit. The first quarter 2007 distribution represents an increase of $0.01 per unit over the fourth quarter 2006 split-adjusted distribution. The first quarter 2007 distribution is payable May 15, 2007 to unitholders of record on May 9, 2007. The ex-dividend date is May 7, 2007.
In addition, the Board of Directors approved the Partnership to submit an application to the New York Stock Exchange (NYSE) to transfer the listing of the Partnership’s common units from the American Stock Exchange to the NYSE. Pending approval of the application, MarkWest Energy Partners anticipates its common units will begin trading on the NYSE in early May 2007.
MarkWest Energy Partners, L.P. is a publicly traded master limited partnership with a solid core of midstream assets and a growing core of gas transmission assets. It is the largest processor of natural gas in the Northeast and is the largest gas gatherer of natural gas in the prolific Carthage field in east Texas. It also has a growing number of other gas gathering and intrastate gas transmission assets in the Southwest, primarily in Texas and Oklahoma.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance and other factors as discussed in our filings with the Securities and Exchange Commission. Among the factors that could cause results to differ materially are those risks discussed in our Form 10-K for the year ended December 31, 2006, and our Forms 10-Q, as filed with the SEC.
MarkWest Energy Partners, L.P.
Frank Semple, 866-858-0482
Chairman, President & CEO
Nancy Buese, 866-858-0482
Senior VP and CFO
Dan Campbell, 866-858-0482
VP of Finance & Treasurer