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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Midstream Services — Affiliate $ 93,739 $ 97,269 $ 207,523 $ 201,072
Total Revenues 145,950 170,660 369,995 331,362
Costs and Expenses        
Direct Operating 20,039 32,866 46,889 63,289
Depreciation and Amortization 26,354 23,980 52,285 47,013
General and Administrative 6,446 5,171 11,932 9,532
Goodwill Impairment 0 0 109,734 0
Other Operating Expense 2,576 0 3,862 0
Total Operating Expenses 84,519 110,096 333,665 198,811
Operating Income 61,431 60,564 36,330 132,551
Other Expense (Income)        
Interest Expense, Net of Amount Capitalized 6,633 2,322 13,490 7,550
Investment Loss (Income) 2,730 1,748 8,139 (593)
Other Non-Operating Expense 1,336 0 1,336 0
Total Other Expense (Income) 10,699 4,070 22,965 6,957
Income Before Income Taxes 50,732 56,494 13,365 125,594
Income Tax (Benefit) Expense (128) 731 21 2,040
Net Income 50,860 55,763 13,344 123,554
Less: Net Income Prior to the Drop-Down and Simplification Transaction 0 2,565 0 7,101
Net Income Subsequent to the Drop-Down and Simplification Transaction 50,860 53,198 13,344 116,453
Less: Net Income (Loss) Attributable to Noncontrolling Interests 2,624 16,789 (44,995) 36,485
Net Income Attributable to Noble Midstream Partners LP 48,236 36,409 58,339 79,968
Less: Net Income Attributable to Incentive Distribution Rights 0 4,640 0 8,147
Net Income Attributable to Limited Partners 48,236 31,769 58,339 71,821
Common Units        
Other Expense (Income)        
Net Income Attributable to Limited Partners $ 48,236 $ 25,487 $ 58,339 $ 49,454
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic and Diluted (in dollars per share) $ 0.53 $ 0.79 $ 0.65 $ 1.77
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in sharers) 90,163 32,090 90,158 27,916
Weighted Average Limited Partner Units Outstanding — Diluted        
Diluted (in shares) 90,164 32,121 90,163 27,944
Subordinated Units        
Other Expense (Income)        
Net Income Attributable to Limited Partners $ 0 $ 6,282 $ 0 $ 22,367
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic and Diluted (in dollars per share) $ 0 $ 0.84 $ 0 $ 1.91
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in sharers) 0 7,514 0 11,685
Weighted Average Limited Partner Units Outstanding — Diluted        
Diluted (in shares) 0 7,514 0 11,685
Midstream Services — Third Party        
Revenues        
Services and Sales Revenues - Third Party $ 22,997 $ 21,609 $ 50,895 $ 45,638
Crude Oil Sales — Third Party        
Revenues        
Services and Sales Revenues - Third Party 29,214 51,782 111,577 84,652
Costs and Expenses        
Cost of Crude Oil Sales $ 29,104 $ 48,079 $ 108,963 $ 78,977