Equity

3 Months Ended

Mar. 31, 2018

The following table presents RMP’s common and subordinated units issued from January 1, 2017 through March 31, 2018:



	Limited Partners
	Common	Subordinated		Total
Balance, January 1, 2017	73,519,133	28,753,623		102,272,756
Vested phantom units, net⁽¹⁾	30,352	—		30,352
Balance, December 31, 2017	73,549,485	28,753,623		102,303,108
Subordinated units conversion⁽²⁾	28,753,623	(28,753,623	)	—
Balance, March 31, 2018	102,303,108	—		102,303,108


(1)	All 2017 phantom unit vestings occurred prior to the Merger Date.


(2)	As a result of the declaration of RMP’s fourth quarter 2017 cash distribution, which was paid on February 14, 2018, the subordination period with respect to RMP’s 28,753,623 subordinated units expired on February 15, 2018 and all of the outstanding RMP subordinated units converted into RMP common units on a one-for-one basis on that day.

As of March 31, 2018, Rice Midstream GP Holdings LP (GP Holdings), a wholly-owned subsidiary of EQT, owned a 28.1% limited partner interest in RMP, consisting of 28,757,246 common units, and all of the IDRs.

Rice Midstream Partners LP 10-Q