Noble Midstream Partners LP (NBLX) Misses Q1 EPS by 17c, Revenues Beat

Noble Midstream Partners LP (NYSE: NBLX) reported Q1 EPS of $0.97, $0.17 worse than the analyst estimate of $1.14. Revenue for the quarter came in at $97.73 million versus the consensus estimate of $80.33 million.

Adjusted EBITDA1 was $58 million in the first quarter, or 12% above the prior quarter, while Adjusted EBITDA1 attributable to the Partnership grew 13% above the fourth quarter to $54 million, or $40 million excluding fresh water delivery. Quarterly adjustments include approximately $6 million in transaction expenses associated with the Saddle Butte acquisition.

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

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