Noble Midstream Announces Fourth-Quarter 2020 Distribution

Rhea-AI Summary

Noble Midstream Partners LP (NASDAQ: NBLX) has announced a cash distribution of $0.1875 per unit for the fourth quarter of 2020. This distribution is set to be paid on February 12, 2020, to unitholders of record by February 5, 2020. Noble Midstream specializes in owning, operating, and developing midstream infrastructure assets, providing services related to crude oil, natural gas, and water. The Partnership aims to deliver safe operations and reliability while enhancing stakeholder value.

Positive

• Declared a cash distribution of $0.1875 per unit for Q4 2020.
• Payment scheduled for February 12, 2020, providing timely returns to unitholders.

Negative

• None.

Noble Midstream Partners LP (NASDAQ: NBLX) (“Noble Midstream” or the “Partnership”) today announced that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.1875 per unit for fourth-quarter 2020.

The fourth-quarter 2020 distribution will be payable on February 12, 2020, to unitholders of record as of February 5, 2020.

About Noble Midstream

Noble Midstream is a master limited partnership originally formed by Noble Energy, Inc. and majority-owned by Chevron Corp. to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services and owns equity interests in oil pipelines in the DJ Basin in Colorado and the Delaware Basin in Texas. Noble Midstream strives to be the midstream provider and partner of choice for its safe operations, reliability, and strong relationships while enhancing value for all stakeholders. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005449/en/

FAQ

What is the cash distribution declared by Noble Midstream Partners LP for Q4 2020?

Noble Midstream Partners LP declared a cash distribution of $0.1875 per unit for the fourth quarter of 2020.

When will the distribution payment be made to unitholders?

The distribution payment will be made on February 12, 2020.

What is the record date for Noble Midstream's cash distribution?

The record date for the cash distribution is February 5, 2020.

What services does Noble Midstream Partners LP provide?

Noble Midstream provides midstream services related to crude oil, natural gas, and water.