Noble Midstream Partners Reports Third Quarter 2019 Results
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November 7, 2019 7:14 AM EST
Noble Energy (NYSE: NBL) reported Q3 EPS of ($0.10), $0.01 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.11 billion.
Guidance:
The Company has lowered full-year capital expenditures an incremental $100 million for a total reduction of $200 million versus original guidance, bringing the 2019 capital estimate to $2.3 billion. For the fourth quarter, Noble Energy expects organic capital expenditures... More
November 7, 2019 6:54 AM EST
Noble Midstream Partners LP (NYSE: NBLX) reported Q3 EPS of $0.88, $0.03 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $169.32 million versus the consensus estimate of $148.69 million.
Third Quarter Highlights Include:
Net Income was $66 million ($41 million to the Partnership) and Adjusted EBITDA¹ came in at $94 million, a 35% and 31% increase over the third quarter of 2018, driven by record gathering and produced water volumes of 319 MBoe/d and 180 MBw/d, respectively. Adjusted EBITDA...
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