Noble Midstream Partners LP (NBLX) Tops Q3 EPS by 5c, Revenues Beat

Noble Midstream Partners LP (NYSE: NBLX) reported Q3 EPS of $1.09, $0.05 better than the analyst estimate of $1.04. Revenue for the quarter came in at $139.16 million versus the consensus estimate of $111.78 million.

“Noble Midstream delivered another quarter driven by strong underlying fundamentals and activity: gathering throughput volumes increased across the DJ and Delaware Basins, capital intensity declined with the completion of our growth projects, and we achieved our peer-leading distribution growth with a coverage ratio over two times,” Terry R. Gerhart, Chief Executive Officer of Noble Midstream stated. “Additional progress towards our goal of 50% EBITDA contribution from the Permian Basin by the end of 2020 and the continued build-out of our third-party customer platform further enhance the resiliency of our portfolio and project backlog.”

For earnings history and earnings-related data on Noble Midstream Partners LP (NBLX) click here.

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