2Q 2020 Earnings Presentation – Noble Midstream Partners LP

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Slides

Second Quarter 2020 Results August 3, 2020 www.nblmidstream.com NASDAQ: NBLX 1
Volume Execution and Cost Reductions Highlight 2Q20 Results Capital and Cost Control Enhance Financial Performance Reduced total operating and G&A costs by an additional 5% and now anticipate a 20% reduction annually Invested 5…
Executing on Controllable Costs and Efficient Operations in 2Q20 Direct Operating Expense Reduction Efficient Capital Allocation and Continued Cost Reductions MM 5 million organic capital invested, down 87% sequentially 40 Down…
2H20 Outlook Remains Unchanged Curtailments and Activity Outlook Improving 2020 Outlook Customer curtailments within expectations to-date with most volumes anticipated to return to production by August Net Organic Capital Anticipate…
Positioned for Activity Rebound Across Segments Pipelines In Service, Minimal Equity Investment Remaining EPIC projects in service and generating EBITDA, do not anticipate funding requirements to deviate from guidance Saddlehorn on…
Self Funding Model Enhances Financial Flexibility NBLX Debt Maturity Tower Balance Sheet Protection MM Debt reduction top priority at current market conditions 1,000 Term Loan Credit Facility No current need to access equity…
Contact Information Park Carrere Investor Relations 1001 Noble Energy Way park.carrerenblmidstream.com Houston, TX 77070 281.872.3208 www.nblmidstream.com NASDAQ: NBLX 9