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2017 First Quarter Earnings Call – Noble Midstream Partners LP

Noble Midstream Partners LP · May 18, 2017 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 1
    First Quarter Earnings Call May 2017 www.nblmidstream.com
  2. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 2
    Highlights 1Q Results Second consecutive 4.7% distribution increase 1Q distribution 9.5% above MQD in second full quarter as publicly traded partnership Oil and gas gathered volumes of 63.0 MBoe/d, in line with 1Q guidance Record…
  3. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 3
    Midstream Services Portfolio Continue to expand service portfolio and acreage exposure in the Delaware Basin DJ Basin Delaware Basin Blanco River 25% Interest Trinity River 100% Interest NBL Acreage 3rd Party Acreage NBL…
  4. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 4
    Significant Activity and Scale Added in Delaware Basin Clayton Williams Acreage Dedication Anticipated NBL Rigs on NBLX Delaware Basin NBL dedicated acquired acreage in Reeves County, Dedicated Acreage 10 Texas (64k net) for crude…
  5. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 5
    First Quarter 2017 Results Net Income of 35MM and Cash from Operations 32MM 1Q Guidance 1Q Actuals Oil Gathered (MBbl/d) 42 46 44 EBITDA1 of 37MM Gross, 26MM Net, exceeding guidance range Gas Gathered (MMcf/d) 108 115 112…
  6. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 6
    1.8x Distribution Coverage1 of 1Q Distribution High Intensity Completions Continue to Build Coverage 1Q 2017 NBLX Net EBITDA and Distribution Coverage (1,2) Gathering segments continue strong 40.0 performance and cover full…
  7. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 7
    2017 Growth Projects Update Advantage Pipeline Estimated Oil Throughput Growth Delaware Basin Gathering Infrastructure (MBbl/d) Construction underway on 1st Delaware Basin CGF 60 Commissioning activities expected to begin in May 40…
  8. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 8
    2017 Capital Budget 2017(E) Capital (1) Net Capital Gross Capital (attributable to the Partnership) Trinity River Colorado 6% Colorado River Trinity River River 6% 11% 10% Laramie River Blanco 24% River 365 - 405 Blanco…
  9. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 9
    2017 Guidance Detail 2017 FY 2017 1Q 2Q Estimate FY 2016 Updated Estimate Oil Gathered (MBbl/d) 44 46 50 45 53 60 Gross Volumes Gas Gathered (MMcf/d) 112 114 120 102 126 132 Oil and Gas Gathered (MBoe/d) 63 65 70 62 74 82…
  10. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 10
    Evolution of Noble Midstream Partners Consistently enhancing a top-tier midstream growth story Anticipated Catalysts: 2Q 1st Delaware Basin CGF 3Q SRCI Crude Transmission 4Q 2nd Delaware Basin CGF NBL Analyst Call Delaware Basin…
  11. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 11
    Appendix www.nblmidstream.com 12
  12. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 12
    EBITDA Reconciliation Non-GAAP Financial Measures This presentation includes EBITDA, Distributable Cash Flow, and Distribution Coverage, all of which are non-GAAP measures that management believes are good tools for internal use and…
  13. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 13
    NBLX Structure www.nblmidstream.com 14
  14. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 14
    Advantage Pipeline Joint Venture Structure System Map 100% 100% Trinity River Plains Pipeline, DevCo LLC L.P. 50% 50% Advantage Pipeline Holdings LLC 100% Advantage Pipeline, LLC NBL Legacy Acreage Pump…
  15. 2017 First Quarter Earnings Call – Noble Midstream Partners LP – slide 15
    Contact Information Chris Hickman 1001 Noble Energy Way VP, Investor Relations Houston, TX 77070 chris.hickmannblmidstream.com 281.943.1622 www.nblmidstream.com www.nblmidstream.com

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