Net Income Per Limited Partner Unit (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

Our calculation of net income per limited partner Common and Subordinated Unit is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per unit amounts)	2020		2019		2020		2019
Net Income Attributable to Noble Midstream Partners LP	$	35,784	$	40,632	$	94,123	$	120,600
Less: Net Income Attributable to Incentive Distribution Rights	—		5,820		—		13,967
Net Income Attributable to Limited Partners	$	35,784	$	34,812	$	94,123	$	106,633
Net Income Attributable to Common Units	$	35,784	$	34,812	$	94,123	$	84,266
Net Income Attributable to Subordinated Units (1)	—		—		—		22,367
Net Income Attributable to Limited Partners	$	35,784	$	34,812	$	94,123	$	106,633
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic
Common Units	$	0.40	$	0.88	$	1.04	$	2.65
Subordinated Units (1)	$	—	$	—	$	—	$	2.89
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted
Common Units	$	0.40	$	0.88	$	1.04	$	2.64
Subordinated Units	$	—	$	—	$	—	$	2.89
Weighted Average Limited Partner Units Outstanding — Basic
Common Units	90,170		39,604		90,162		31,855
Subordinated Units (1)	—		—		—		7,747
Weighted Average Limited Partner Units Outstanding — Diluted
Common Units	90,170		39,624		90,166		31,879
Subordinated Units (1)	—		—		—		7,747
Antidilutive Restricted Units	185		44		186		66

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