Noble Midstream Partners LP (NBLX) (“Noble Midstream” or the “Partnership”) today announced that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.6132 per unit for the first quarter 2019, a 20% increase compared to the prior year quarter and a 4.7% increase sequentially.
The first quarter 2019 distribution will be payable on May 13, 2019 to unitholders of record as of May 6, 2019.
About Noble Midstream
Noble Midstream is a growth-oriented master limited partnership formed by Noble Energy Inc., to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services in the DJ Basin in Colorado and the Delaware Basin in Texas. For more information, please visit www.nblmidstream.com.
This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) that 100% of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.