Noble Midstream Partners: 4Q Earnings Snapshot
HOUSTON (AP) _ Noble Midstream Partners LP (NBLX) on Tuesday reported fourth-quarter earnings of $39.8 million.
On a per-share basis, the Houston-based company said it had profit of $1.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The provider of oil, gas and water-related midstream services posted revenue of $136.7 million in the period.
For the year, the company reported profit of $156.9 million, or $3.96 per share. Revenue was reported as $495.5 million.
Noble Midstream Partners shares have increased 11 percent since the beginning of the year. The stock has declined 40 percent in the last 12 months.