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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Midstream Services — Affiliate $ 417,835 $ 338,747 $ 271,269
Services and Sales Revenues - Third Party     18,353
Total Revenues 703,801 558,735 289,622
Costs and Expenses      
Cost of Crude Oil Sales 181,390 136,368 0
Direct Operating 116,675 95,852 67,832
Depreciation and Amortization 96,981 79,568 22,990
General and Administrative 25,777 25,910 14,792
Other Operating (Income) Expense (488) 2,159 0
Total Operating Expenses 420,335 339,857 105,614
Operating Income 283,466 218,878 184,008
Other Expense (Income)      
Interest Expense, Net of Amount Capitalized 16,236 10,447 1,603
Investment Loss (Income) 17,748 (16,289) (6,334)
Total Other Expense (Income) 33,984 (5,842) (4,731)
Income Before Income Taxes 249,482 224,720 188,739
Tax Provision 4,015 8,001 27,972
Net Income 245,467 216,719 160,767
Less: Net Income Prior to the Drop-Down and Simplification Transaction 12,929 27,843 (2,869)
Net Income Subsequent to the Drop-Down and Simplification Transaction 232,538 188,876 163,636
Less: Net Income Attributable to Noncontrolling Interests 72,542 26,142 23,064
Net Income Attributable to Noble Midstream Partners LP 159,996 162,734 140,572
Less: Net Income Attributable to Incentive Distribution Rights 13,967 5,836 835
Net Income Attributable to Limited Partners 146,029 156,898 139,737
Basic / Common Units      
Other Expense (Income)      
Net Income Attributable to Limited Partners $ 123,662 $ 93,875 $ 75,076
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic      
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic (in dollars per share) $ 3.09 $ 3.96 $ 4.10
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted      
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted (in dollars per share) $ 3.08 $ 3.96 $ 4.10
Weighted Average Limited Partner Units Outstanding — Basic      
Average Limited Partner Units Outstanding - Basic (in units) 40,083 23,686 18,192
Weighted Average Limited Partner Units Outstanding — Diluted      
Average Limited Partner Units Outstanding - Diluted (in units) 40,105 23,701 18,204
Diluted / Subordinated Units      
Other Expense (Income)      
Net Income Attributable to Limited Partners $ 22,367 $ 63,023 $ 64,661
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic      
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic (in dollars per share) $ 3.86 $ 3.96 $ 4.10
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted      
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted (in dollars per share) $ 3.86 $ 3.96 $ 4.10
Weighted Average Limited Partner Units Outstanding — Basic      
Average Limited Partner Units Outstanding - Basic (in units) 5,795 15,903 15,903
Weighted Average Limited Partner Units Outstanding — Diluted      
Average Limited Partner Units Outstanding - Diluted (in units) 5,795 15,903 15,903
Midstream Services — Third Party      
Revenues      
Services and Sales Revenues - Third Party $ 96,194 $ 78,498 $ 18,353
Crude Oil Sales — Third Party      
Revenues      
Services and Sales Revenues - Third Party $ 189,772 $ 141,490 $ 0