Noble Midstream Partners Issues Q4 Guidance - Quick Facts

(RTTNews) - Noble Midstream Partners LP (NBLX) announced the company expects fourth-quarter net income of $34 - $37 million, and EBITDA of $36 - $40 million, or attributable to the Partnership of $26 - $29 million. Distributable Cash Flow is expected to be in the range of $24 - $27 million.

For the fourth-quarter, the company expects its Oil and Gas gathering volumes of 62 - 65 thousand barrels of oil equivalent per day and produced water gathering volumes of 10 - 12 thousand barrels of water per day.

Terry Gerhart, CEO of Noble Midstream, said, "We are pleased with the operational momentum that has carried over from the third quarter when new volumetric records were set in all segments. The business continues to significantly exceed our IPO forecast and activity levels on dedicated acreage are already ahead of our expectations."