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Consolidated Statement of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Midstream Services — Affiliate $ 56,755 $ 47,167 $ 161,186 $ 112,259
Midstream Services — Third Party 6,356 0 10,022 0
Total Revenues 63,111 47,167 171,208 112,259
Costs and Expenses        
Direct Operating 13,712 7,426 39,406 19,999
Depreciation and Amortization 3,562 2,290 8,483 6,652
General and Administrative 3,087 2,587 9,281 7,411
Total Operating Expenses 20,361 12,303 57,170 34,062
Operating Income 42,750 34,864 114,038 78,197
Other (Income) Expense        
Interest Expense, Net of Amount Capitalized 594 2,462 961 3,107
Investment Income (1,633) (1,070) (4,339) (3,509)
Total Other (Income) Expense (1,039) 1,392 (3,378) (402)
Income Before Income Taxes 43,789 33,472 117,416 78,599
Income Tax Provision 33 11,105 33 28,288
Net Income and Comprehensive Income 43,756 22,367 117,383 50,311
Less: Net Income Attributable to Noncontrolling Interests 2,086 1,228 19,779 1,228
Net Income Attributable to Noble Midstream Partners LP 41,670 3,093 97,604 3,093
Less: Net Income Attributable to Incentive Distribution Rights 223 0 315 0
Net Income Attributable to Limited Partners 41,447 3,093 97,289 3,093
Common Units        
Other (Income) Expense        
Net Income Attributable to Limited Partners $ 20,670 $ 1,398 $ 46,001 $ 1,398
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic and Diluted        
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic and Diluted (in dollars per unit) $ 1.15 $ 0.10 $ 2.93 $ 0.10
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in units) 17,900 14,375 15,627 14,375
Weighted Average Limited Partner Units Outstanding —Diluted        
Diluted (in units) 17,915 14,375 15,638 14,375
Subordinated Unitholders        
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic and Diluted        
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic and Diluted (in dollars per unit) $ 1.15 $ 0.10 $ 2.92 $ 0.10
Noble | Common Units        
Other (Income) Expense        
Net Income Attributable to Limited Partners $ 2,414 $ 149 $ 5,116 $ 149
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in units) 2,090 1,528 1,727 1,528
Weighted Average Limited Partner Units Outstanding —Diluted        
Diluted (in units) 2,090 1,528 1,727 1,528
Noble | Subordinated Unitholders        
Other (Income) Expense        
Net Income Attributable to Limited Partners $ 18,363 $ 1,546 $ 46,172 $ 1,546
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in units) 15,903 15,903 15,903 15,903
Weighted Average Limited Partner Units Outstanding —Diluted        
Diluted (in units) 15,903 15,903 15,903 15,903