Noble Midstream Partners LP (NBLX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 NOBLE ENERGY WAY
HOUSTON, TX 77070
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,33217,40312,72917,65612,67617,571
Cash and cash equivalents16,33217,40312,72917,65612,67617,571
Receivables100,62694,01762,04979,61386,52160,726
Inventory, net of allowances, customer advances and progress billings     5,600 
Inventory     5,600 
Other current assets8,0938,4747,19610,1488,7308,579
Other undisclosed current assets     (5,600) 
Total current assets:125,051119,89481,974107,417107,92786,876
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     3,8693,958
Operating lease, right-of-use asset     2,7433,303
Property, plant and equipment    1,792,7691,762,9571,568,031
Intangible assets, net (including goodwill)245,510253,652261,794269,847387,634395,776
Goodwill     109,734109,734
Intangible assets, net (excluding goodwill)245,510253,652261,794269,847277,900286,042
Regulated entity, other noncurrent assets     3,000 
Other noncurrent assets2,3313,02825,9955,9116,7866,696
Other undisclosed noncurrent assets2,664,3042,666,1982,638,584871,030651,166558,126
Total noncurrent assets:2,912,1452,922,8782,926,3732,939,5572,818,1552,535,890
TOTAL ASSETS:3,037,1963,042,7723,008,3473,046,9742,926,0822,622,766
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities65,72356,98646,13898,271107,705100,157
Accounts payable65,72356,98646,13898,271107,705100,157
Debt501,856501,753    
Due to related parties3,7133,7246,5578,7018,1552,568
Other liabilities10,3239,77311,09612,88511,68010,238
Total current liabilities:581,615572,23663,791119,857127,540112,963
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0632,0481,635,9191,650,7992,264948,907
Finance lease, liability2,0632,0482,033 2,005339
Other undisclosed long-term debt and lease obligation   1,633,8861,650,799 947,901
Liabilities, other than long-term debt45,57844,86344,61142,38842,23120,678
Asset retirement obligations41,57240,90040,76238,35737,84219,268
Deferred income tax liabilities     229 
Other liabilities4,0063,9633,8494,0314,1601,410
Operating lease, liability     259667
Other undisclosed noncurrent liabilities1,107,5891,142,551  1,493,186 
Total noncurrent liabilities:1,155,2301,189,4621,680,5301,693,1871,537,681969,585
Total liabilities:1,736,8451,761,6981,744,3211,813,0441,665,2211,082,548
Temporary equity, carrying amount119,658116,104112,646109,281106,005102,830
Equity
Other undisclosed equity1,180,6931,164,9701,151,3801,124,6491,154,8561,437,388
Total equity:1,180,6931,164,9701,151,3801,124,6491,154,8561,437,388
TOTAL LIABILITIES AND EQUITY:3,037,1963,042,7723,008,3473,046,9742,926,0822,622,766

Income Statement (P&L) ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues207,265187,365145,950224,045228,257169,323
Revenue from related parties92,71588,95493,739113,784139,111100,846
Cost of revenue(142,411)(119,050)(78,073)(133,926)(131,665)(89,146)
Cost of goods and services sold(204,135)(19,654)(20,039)(26,850)(56,173)(46,240)
Gross profit:64,85468,31567,87790,11996,59280,177
Operating expenses(6,545)(6,244)(6,446)(115,220)(12,787)(4,129)
Other operating income (expense), net28(864)(2,576)(1,286) 469
Other undisclosed operating income (loss)(28)8642,5761,286 (469)
Operating income (loss):58,30962,07161,431(25,101)83,80576,048
Nonoperating expense(15,327)(23,169)(10,699)(12,266)(17,449)(9,573)
Investment income, nonoperating(8,684)(18,068)(2,730)(5,409)(12,720)(5,621)
Interest and debt expense(6,643)(6,437)(6,633)(6,857)(4,729)(3,952)
Income (loss) from continuing operations before equity method investments, income taxes:36,33932,46544,099(44,224)61,62762,523
Other undisclosed income from continuing operations before income taxes6,6436,4376,6336,8574,7293,952
Income (loss) from continuing operations before income taxes:42,98238,90250,732(37,367)66,35666,475
Income tax expense (benefit)(196)(166)128(149)(3,725)(92)
Income (loss) from continuing operations:42,78638,73650,860(37,516)62,63166,383
Income (loss) before gain (loss) on sale of properties:42,78638,73650,860(37,516)62,63166,383
Net income (loss):42,78638,73650,860(37,516)62,63166,383
Other undisclosed net income (loss) attributable to parent(2,878)(2,952)(2,624)47,619(23,235)(25,751)
Net income available to common stockholders, diluted:39,90835,78448,23610,10339,39640,632

Comprehensive Income ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss):42,78638,73650,860(37,516)62,63166,383
Comprehensive income (loss), net of tax, attributable to parent:42,78638,73650,860(37,516)62,63166,383

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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