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Jan. 23, 2020, 6:15 p.m. EST

Noble Midstream Partners Increases Quarterly Distribution

Noble Midstream Partners LP /zigman2/quotes/200163789/composite NBLX +2.80% (“Noble Midstream” or the “Partnership”) announced today that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.6878 per unit for the fourth quarter of 2019, a 17% increase compared to the prior year quarter and a 2.4% increase sequentially.

The fourth quarter 2019 distribution will be payable on February 14, 2020 to unitholders of record as of February 4, 2019.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200123005869/en/

SOURCE: Noble Midstream Partners LP

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

Copyright Business Wire 2020

/zigman2/quotes/200163789/composite
US : U.S.: Nasdaq
$ 20.19
+0.55 +2.80%
Volume: 626,125
Feb. 20, 2020 4:00p
P/E Ratio
6.04
Dividend Yield
12.95%
Market Cap
$1.77 billion
Rev. per Employee
$3.10M
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