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Noble Midstream Partners hikes quarterly distribution

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Noble Midstream Partners hikes quarterly distribution

Noble Midstream Partners LP announced a distribution for the third quarter of 67.2 cents per unit, an increase of 3.0 cents, or 4.7%, from the previous-quarter distribution.

The distribution is 11.2 cents, or 20%, higher compared with a year earlier, according to an Oct. 24 news release. It will be paid Nov. 11 to unit holders of record as of Nov. 4.

Noble Midstream was formed by Noble Energy Inc. to own and operate U.S. midstream assets.