Noble Midstream Partners posts 4Q profit

HOUSTON (AP) _ Noble Midstream Partners LP (NBLX) on Monday reported fourth-quarter net income of $25.4 million.

The Houston-based company said it had net income of 80 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The provider of oil, gas and water-related midstream services posted revenue of $48.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $44.9 million.

For the year, the company reported profit of $28.5 million, or 89 cents per share. Revenue was reported as $160.7 million.

Noble Midstream Partners shares have increased 29 percent since the beginning of the year.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NBLX at


Keywords: Noble Midstream Partners, Earnings Report