Noble Midstream Partners Reports First Quarter 2020 Results

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Go back to Noble Midstream Partners Reports First Quarter 2020 Results

Noble Midstream Partners LP (NBLX) Reports Q1 Revenues Beat

May 8, 2020 7:21 AM EDT

Noble Midstream Partners LP (NASDAQ: NBLX) reported Q1 EPS of $0.11, $0.45 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $224.05 million versus the consensus estimate of $178.6 million.

First-Quarter 2020 and Recent Highlights

Gathered 335 thousand barrels of gross oil and gas equivalent per day (MBoe/d) and 204 thousand barrels of produced water per day (MBw/d)Generated $10 million of Net Income, $107 million of Adjusted Net EBITDA1 and $94 million of Distributable Cash Flow1 attributable to the PartnershipClosed the acquisition of Black Diamonds 20% interest in the Saddlehorn Pipeline in the DJ... More