Antero Midstream GP LP said Tuesday it is raising its long-term distribution targets through 2020 because of lower U.S. tax rates. The limited partnership said it now expects its 2018 distribution per share to range from 52 cents to 55 cents, up from a previous target of 43 cents to 46 cents. It now expects 2019 distribution per share to range from 84 cents to 91 cents, up from a prior target of 70 cents to 76 cents and its 2020 target to range from $1.28 to $1.40, up from $1.06 to $1.16. Shares were not active premarket, but have gained 3% in the last three months, while the S&P 500 has gained 6%.
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