Noble Midstream Partners: Q1 Earnings Insights

Shares of Noble Midstream Partners NBLX were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 31.68% over the past year to $1.33, which may not compared to the estimate of $0.56.

Revenue of $224,045,000 rose by 51.42% from the same period last year, which beat the estimate of $178,600,000.

Outlook

Noble Midstream Partners hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 08, 2020

Webcast URL: https://78449.choruscall.com/dataconf/productusers/nblx/mediaframe/36836/indexr.html

Price Action

Company's 52-week high was at $34.50

Company's 52-week low was at $1.81

Price action over last quarter: down 69.33%

Company Overview

Noble Midstream Partners LP is to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. It provides crude oil, natural gas, and water-related midstream services through long-term, fixed-fee contracts. The company has four reportable segments which are Gathering Systems, Fresh Water Delivery Investments in midstream entities and Corporate. It generates maximum revenue from the Gathering Systems segment. The company focuses on DJ Basin in Colorado and the Delaware Basin in Texas.