Noble Midstream Partners Increases Quarterly Distribution

HOUSTON--(BUSINESS WIRE)-- Noble Midstream Partners LP (NYSE: 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 $0.4457 per unit for the second quarter 2017.

This distribution is an 8.5% increase above the first quarter distribution and represents a one-time increase of approximately 80% above the Partnership’s 4.7% quarterly distribution growth target as a result of the Partnership’s previously announced acquisition of additional interests in Colorado River DevCo LP and Blanco River DevCo LP from Noble Energy, Inc., which closed on June 26, 2017.

The second quarter 2017 distribution will be payable on August 14, 2017 to unitholders of record as of August 7, 2017.

About Noble MidstreamNoble 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170727006660/en/

Noble Midstream
Chris Hickman
VP, Investor Relations
(281) 943-1622
[email protected]

Source: Noble Midstream Partners LP

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