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Consolidated Statement of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Midstream Services — Affiliate $ 66,924 $ 54,117 $ 131,187 $ 104,431
Total Revenues 121,971 57,783 219,704 108,097
Costs and Expenses        
Cost of Crude Oil Sales 40,012 0 61,451 0
Direct Operating 18,393 14,293 35,541 25,694
Depreciation and Amortization 16,371 2,472 27,700 4,921
General and Administrative 4,980 3,452 15,422 6,194
Total Operating Expenses 79,756 20,217 140,114 36,809
Operating Income 42,215 37,566 79,590 71,288
Other (Income) Expense        
Interest Expense, Net of Amount Capitalized 1,681 100 2,714 367
Investment Income (4,091) (1,641) (6,959) (2,706)
Total Other Income (2,410) (1,541) (4,245) (2,339)
Income Before Income Taxes 44,625 39,107 83,835 73,627
State Income Tax Provision 183 0 257 0
Net Income 44,442 39,107 83,578 73,627
Less: Net Income Attributable to Noncontrolling Interests 7,858 7,515 7,633 17,693
Net Income Attributable to Noble Midstream Partners LP 36,584 31,592 75,945 55,934
Less: Net Income Attributable to Incentive Distribution Rights 1,134 92 1,953 92
Net Income Attributable to Limited Partners 35,450 31,500 73,992 55,842
Common Units        
Other (Income) Expense        
Net Income Attributable to Limited Partners $ 21,210 $ 15,862 $ 44,268 $ 28,033
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) $ 0.90 $ 0.98 $ 1.87 $ 1.75
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in units) 23,686 16,127 23,684 16,015
Weighted Average Limited Partner Units Outstanding —Diluted        
Diluted (in units) 23,700 16,137 23,699 16,024
Subordinated Units        
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) $ 0.90 $ 0.98 $ 1.87 $ 1.75
Subordinated Units | Noble        
Other (Income) Expense        
Net Income Attributable to Limited Partners $ 14,240 $ 15,638 $ 29,724 $ 27,809
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
Midstream Services — Third Party        
Revenues        
Services and Sales Revenues - Third Party $ 13,469 $ 3,666 $ 24,829 $ 3,666
Crude Oil Sales — Third Party        
Revenues        
Services and Sales Revenues - Third Party $ 41,578 $ 0 $ 63,688 $ 0