QEP Midstream Partners, LP Announces Quarterly Distribution

DENVER, Jan. 23, 2014 /PRNewswire/ -- QEP Midstream Partners, LP (NYSE: QEPM) ("QEPM" or the "Partnership") today announced that the Board of Directors of the General Partner of the Partnership declared a cash distribution of $0.26 per unit for the fourth quarter of 2013. The quarterly distribution will be paid on February 14, 2014, to unitholders of record as of the close of business on February 4, 2014.

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QEPM also announced today that its 2013 tax package, which includes the Schedule K-1 (Form 1065), will be available online on March 5, 2014, and may be accessed via QEPM's website at www.qepm.com under "Investors/Unit Information." Prior to March 5, 2014, unitholders can go to the link above and register to receive an email notifying them when their tax package is available for download.  In addition to registering for an email notification, unitholders can also elect to receive their tax package electronically, in which case a paper copy will not be mailed by QEPM.  On March 31, 2014, QEPM will commence mailing of the tax packages for any unitholders who have not previously elected to receive them electronically.

About QEP Midstream Partners, LP

QEP Midstream Partners, LP is a master limited partnership formed by QEP Resources, Inc (NYSE: QEP) to own, operate, acquire and develop midstream assets.  The Partnership provides midstream gathering services to QEP and third-party companies in the Green River, Uinta and Williston basins. Further information about the Partnership is available at www.qepm.com.

Notice

This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b) and (d). Nominees should treat one hundred percent (100.0%) of QEPM's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, QEPM's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Safe Harbor Statement regarding Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended.  Forward-looking statements can be identified by words such as "anticipates," "believes," "forecasts," "plans," "estimates," "expects," "should," "will" or other similar expressions.  Such statements are based on management's current expectations, estimates and projections, which are subject to a wide range of uncertainties and business risks.  These forward-looking statements include statements regarding the Partnership's payment of its quarterly distribution.  Actual results may differ materially from those included in the forward-looking statements due to a number of factors, including weather conditions, global geopolitical and macroeconomic factors, the U.S. federal budget and debt ceiling crisis, acts of terrorism, and the other risks discussed in the Partnership's filings with the Securities and Exchange Commission, including the Risk Factors section of the Partnership's Registration Statement on Form S-1, as amended.  The Partnership undertakes no obligation to publicly correct or update the forward-looking statements in this news release, in other documents, or on the website to reflect future events or circumstances.  All such statements are expressly qualified by this cautionary statement.

Contact

Greg Bensen
Director, Investor Relations
303-405-6665

SOURCE QEP Midstream Partners, LP

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