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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Midstream Services — Affiliate $ 88,954 $ 112,224 $ 296,477 $ 313,296
Total Revenues 187,365 181,674 557,360 513,036
Costs and Expenses        
Direct Operating 19,654 25,688 66,543 88,996
Depreciation and Amortization 26,443 24,571 78,728 71,585
General and Administrative 6,244 4,373 18,176 13,905
Goodwill Impairment 0 0 109,734 0
Other Operating Expense (Income) 864 (469) 4,726 (488)
Total Operating Expenses 125,294 100,403 458,959 299,214
Operating Income 62,071 81,271 98,401 213,822
Other Expense (Income)        
Interest Expense, Net of Amount Capitalized 6,437 3,952 19,927 11,502
Investment Loss, Net 18,068 5,621 26,207 5,028
Other Non-Operating Income (1,336) 0 0 0
Total Other Expense, Net 23,169 9,573 46,134 16,530
Income Before Income Taxes 38,902 71,698 52,267 197,292
Income Tax Expense 166 1,179 187 3,219
Net Income 38,736 70,519 52,080 194,073
Less: Net Income Prior to the Drop-Down and Simplification 0 4,136 0 11,237
Net Income Subsequent to the Drop-Down and Simplification 38,736 66,383 52,080 182,836
Less: Net Income (Loss) Attributable to Noncontrolling Interests 2,952 25,751 (42,043) 62,236
Net Income Attributable to Noble Midstream Partners LP 35,784 40,632 94,123 120,600
Less: Net Income Attributable to Incentive Distribution Rights 0 5,820 0 13,967
Net Income Attributable to Limited Partners 35,784 34,812 94,123 106,633
Common Units        
Other Expense (Income)        
Net Income Attributable to Limited Partners $ 35,784 $ 34,812 $ 94,123 $ 84,266
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic (in dollars per share) $ 0.40 $ 0.88 $ 1.04 $ 2.65
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted (in dollars per share) $ 0.40 $ 0.88 $ 1.04 $ 2.64
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in sharers) 90,170 39,604 90,162 31,855
Weighted Average Limited Partner Units Outstanding — Diluted        
Diluted (in shares) 90,170 39,624 90,166 31,879
Subordinated Units        
Other Expense (Income)        
Net Income Attributable to Limited Partners $ 0 $ 0 $ 0 $ 22,367
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic (in dollars per share) $ 0 $ 0 $ 0 $ 2.89
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted (in dollars per share) $ 0 $ 0 $ 0 $ 2.89
Weighted Average Limited Partner Units Outstanding — Basic        
Basic (in sharers) 0 0 0 7,747
Weighted Average Limited Partner Units Outstanding — Diluted        
Diluted (in shares) 0 0 0 7,747
Midstream Services — Third Party        
Revenues        
Services and Sales Revenues - Third Party $ 22,238 $ 20,580 $ 73,133 $ 66,218
Crude Oil Sales — Third Party        
Revenues        
Services and Sales Revenues - Third Party 76,173 48,870 187,750 133,522
Costs and Expenses        
Cost of Crude Oil Sales $ 72,089 $ 46,240 $ 181,052 $ 125,216