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Noble Midstream Announces Third-Quarter 2020 Distribution

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Noble Midstream Partners LP (NASDAQ: NBLX) announced a cash distribution of $0.1875 per unit for the third quarter of 2020. The distribution will be payable on November 13, 2020, to unitholders on record as of November 6, 2020. Noble Midstream focuses on owning, operating, and developing midstream infrastructure assets, primarily providing crude oil, natural gas, and water-related services in the DJ Basin and Delaware Basin. This release includes a notice regarding federal income tax withholding applicable to foreign investors.

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  • Announced a cash distribution of $0.1875 per unit, signaling stable returns for investors.
  • Payable date set for November 13, 2020, providing clear timelines for unitholders.
Negative
  • None.

HOUSTON--()--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 third-quarter 2020.

The third-quarter 2020 distribution will be payable on November 13, 2020, to unitholders of record as of November 6, 2020.

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.

Contacts

Noble Midstream Partners LP
Park Carrere
Investor Relations
(281) 872-3208
park.carrere@nblmidstream.com

FAQ

What is the cash distribution announced by NBLX for Q3 2020?

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

When will NBLX's Q3 2020 distribution be paid?

The Q3 2020 distribution will be payable on November 13, 2020.

What are the record dates for NBLX's distribution?

Unitholders must be on record by November 6, 2020, to receive the distribution.

What services does Noble Midstream provide?

Noble Midstream provides crude oil, natural gas, and water-related midstream services in the DJ Basin and Delaware Basin.

Are there tax implications for foreign investors in NBLX?

Yes, distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.

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