Partnership Distributions

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Partnership Distributions

Note 8. Partnership Distributions

Our partnership agreement requires that, within 45 days after the end of each quarter, we distribute all of our available cash to unitholders of record on the applicable record date. The following table details the distributions paid in respect of the periods presented below:

					Distributions (in thousands)
					Limited Partners
Period	Record Date	Distribution Date	Distribution per Limited Partner Unit		Common Unitholders(1)		Subordinated Unitholders (2)		Holder of IDRs (3)		Total
Q4 2018	February 4, 2019	February 11, 2019	$	0.5858	$	13,876	$	9,316	$	2,421	$	25,613
Q1 2019	May 6, 2019	May 13, 2019	$	0.6132	$	14,534	$	9,751	$	3,507	$	27,792
Q2 2019	August 5, 2019	August 12, 2019	$	0.6418	$	25,418	$	—	$	4,640	$	30,058
Q4 2019	February 4, 2020	February 14, 2020	$	0.6878	$	62,012	$	—	$	—	$	62,012
Q1 2020	May 8, 2020	May 15, 2020	$	0.1875	$	16,906	$	—	$	—	$	16,906
Q2 2020	August 7, 2020	August 14, 2020	$	0.1875	$	16,907	$	—	$	—	$	16,907

(1)Distributions to common unitholders does not include distribution equivalent rights on units that vested under the Noble Midstream Partners LP 2016 Long-Term Incentive Plan (the “LTIP”).

(2)On May 14, 2019, all Subordinated Units were converted into Common Units.

(3)In November 2019, we acquired all of Noble’s IDRs. See Note 2. Basis of Presentation.

Cash Distributions On October 20, 2020, the Board of Directors of our General Partner approved a quarterly distribution of $0.1875 per unit. The distribution will be paid on November 13, 2020, to unitholders of record as of November 6, 2020.