QEP Midstream Partners, LP Announces Quarterly Distribution

         QEP Midstream Partners, LP Announces Quarterly Distribution

PR Newswire

DENVER, Jan. 23, 2014

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.

(Logo: http://photos.prnewswire.com/prnh/20130904/LA74347LOGO)

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

Website: http://www.qepm.com
 
Press spacebar to pause and continue. Press esc to stop.