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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, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Midstream Services — Affiliate $ 73,136 $ 56,755 $ 204,323 $ 161,186
Total Revenues 139,163 63,111 358,867 171,208
Costs and Expenses        
Cost of Crude Oil Sales 44,379 0 105,830 0
Direct Operating 23,955 13,712 59,496 39,406
Depreciation and Amortization 18,376 3,562 46,076 8,483
General and Administrative 4,204 3,087 19,626 9,281
Total Operating Expenses 90,914 20,361 231,028 57,170
Operating Income 48,249 42,750 127,839 114,038
Other (Income) Expense        
Interest Expense, Net of Amount Capitalized 3,506 594 6,220 961
Investment Income (3,866) (1,633) (10,825) (4,339)
Total Other Income (360) (1,039) (4,605) (3,378)
Income Before Income Taxes 48,609 43,789 132,444 117,416
State Income Tax Provision (94) 33 163 33
Net Income 48,703 43,756 132,281 117,383
Less: Net Income Attributable to Noncontrolling Interests 4,086 2,086 11,719 19,779
Net Income Attributable to Noble Midstream Partners LP 44,617 41,670 120,562 97,604
Less: Net Income Attributable to Incentive Distribution Rights 1,462 223 3,415 315
Net Income Attributable to Limited Partners $ 43,155 $ 41,447 $ 117,147 $ 97,289
Net Income Attributable to Limited Partners Per Limited Partner Common and Subordinated Unit        
Net Income Attributable to Limited Partners Per Limited Partner Common and Subordinated Unit - Basic (in usd per unit) $ 1.09 $ 1.15 $ 2.96 $ 2.93
Net Income Attributable to Limited Partners Per Limited Partner Common and Subordinated Unit - Diluted (in usd per unit) $ 1.09 $ 1.15 $ 2.96 $ 2.92
Common Units        
Other (Income) Expense        
Net Income Attributable to Limited Partners $ 25,825 $ 23,084 $ 70,093 $ 51,117
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in units) 23,688 19,990 23,686 17,354
Weighted Average Limited Partner Units Outstanding —Diluted        
Diluted (in units) 23,704 20,005 23,701 17,365
Subordinated Units | Noble        
Other (Income) Expense        
Net Income Attributable to Limited Partners $ 17,330 $ 18,363 $ 47,054 $ 46,172
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 $ 19,934 $ 6,356 $ 44,763 $ 10,022
Crude Oil Sales — Third Party        
Revenues        
Services and Sales Revenues - Third Party $ 46,093 $ 0 $ 109,781 $ 0