Noble Midstream Partners Increases Quarterly Distribution
HOUSTON--(BUSINESS WIRE)--Jan 23, 2020--
Noble Midstream Partners LP (NYSE: NBLX) (“Noble Midstream” or the “Partnership”) announced today that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.6878 per unit for the fourth quarter of 2019, a 17% increase compared to the prior year quarter and a 2.4% increase sequentially.
The fourth quarter 2019 distribution will be payable on February 14, 2020 to unitholders of record as of February 4, 2019.
About Noble Midstream
Noble Midstream is a growth-oriented master limited partnership formed by Noble Energy Inc., to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services in the DJ Basin in Colorado and the Delaware Basin in Texas. For more information, please visit www.nblmidstream.com.
This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) that 100% of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
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CONTACT: Noble Midstream Partners LP
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY NATURAL RESOURCES MINING/MINERALS OIL/GAS
SOURCE: Noble Midstream Partners LP
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PUB: 01/23/2020 06:15 PM/DISC: 01/23/2020 06:15 PM