Noble Midstream Partners Increases Quarterly Distribution
July 27 2017 - 6:05PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170727006660/en/
Noble MidstreamChris HickmanVP, Investor Relations(281)
943-1622chris.hickman@nblmidstream.com
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