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Noble Midstream Partners

DB:0N5
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0N5
DB
$315M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Noble Midstream Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Noble Midstream Partners has significant price volatility in the past 3 months.
0N5 Share Price and Events
7 Day Returns
-2%
DB:0N5
16.2%
DE Oil and Gas
9.9%
DE Market
1 Year Returns
-91.7%
DB:0N5
23.3%
DE Oil and Gas
-17.5%
DE Market
0N5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Noble Midstream Partners (0N5) -2% -80.9% -88.5% -91.7% -94.5% -
DE Oil and Gas 16.2% -14.4% -27.4% 23.3% -22.4% 141.6%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 0N5 underperformed the Oil and Gas industry which returned 23.3% over the past year.
  • 0N5 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
0N5
Industry
5yr Volatility vs Market

0N5 Value

 Is Noble Midstream Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Noble Midstream Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Noble Midstream Partners.

DB:0N5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0N5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.814 (1 + (1- 21%) (474.97%))
2.921
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:0N5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Noble Midstream Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0N5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 -4.50 Analyst x1 -4.07
2021 208.70 Analyst x2 170.95
2022 207.30 Analyst x1 153.68
2023 231.50 Analyst x1 155.33
2024 257.60 Analyst x1 156.43
2025 270.92 Est @ 5.17% 148.90
2026 280.41 Est @ 3.5% 139.48
2027 286.95 Est @ 2.33% 129.19
2028 291.30 Est @ 1.52% 118.70
2029 294.06 Est @ 0.94% 108.44
Present value of next 10 years cash flows $1,277.00
DB:0N5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $294.06 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$2,692.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,692.20 ÷ (1 + 10.49%)10
$992.83
DB:0N5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,277.00 + $992.83
$2,269.83
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,269.83 / 90.14
$25.18
DB:0N5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0N5 represents 0.78736x of NasdaqGS:NBLX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.78736x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.18 x 0.78736
€19.83
Value per share (EUR) From above. €19.83
Current discount Discount to share price of €2.74
= -1 x (€2.74 - €19.83) / €19.83
86.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Noble Midstream Partners is available for.
Intrinsic value
>50%
Share price is €2.74 vs Future cash flow value of €19.83
Current Discount Checks
For Noble Midstream Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Noble Midstream Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Noble Midstream Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Noble Midstream Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Noble Midstream Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0N5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.18
NasdaqGS:NBLX Share Price ** NasdaqGS (2020-03-31) in USD $3.48
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Noble Midstream Partners.

DB:0N5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:NBLX Share Price ÷ EPS (both in USD)

= 3.48 ÷ 3.18

1.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noble Midstream Partners is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Noble Midstream Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Noble Midstream Partners's expected growth come at a high price?
Raw Data
DB:0N5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
11.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.13x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:0N5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1.09x ÷ 11.3%

0.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noble Midstream Partners is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Noble Midstream Partners's assets?
Raw Data
DB:0N5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $9.03
NasdaqGS:NBLX Share Price * NasdaqGS (2020-03-31) in USD $3.48
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.93x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:0N5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:NBLX Share Price ÷ Book Value per Share (both in USD)

= 3.48 ÷ 9.03

0.39x

* Primary Listing of Noble Midstream Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noble Midstream Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Noble Midstream Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Noble Midstream Partners has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0N5 Future Performance

 How is Noble Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Noble Midstream Partners expected to grow at an attractive rate?
  • Noble Midstream Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Noble Midstream Partners's earnings growth is positive but not above the Germany market average.
  • Noble Midstream Partners's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0N5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0N5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 11.3%
DB:0N5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -10%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0N5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0N5 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 466 399 223 1
2021-12-31 616 506 210 3
2020-12-31 667 421 215 3
2020-03-31
DB:0N5 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 704 385 146
2019-09-30 612 338 146
2019-06-30 582 307 155
2019-03-31 546 278 158
2018-12-31 559 274 157
2018-09-30 427 210 160
2018-06-30 351 197 158
2018-03-31 287 180 154
2017-12-31 290 196 140
2017-09-30 220 162 123
2017-06-30 204 146 84
2017-03-31 179 136 39

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Noble Midstream Partners's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • Noble Midstream Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0N5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Noble Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0N5 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.47 2.47 2.47 1.00
2021-12-31 2.33 2.33 2.33 1.00
2020-12-31 2.39 2.39 2.39 1.00
2020-03-31
DB:0N5 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.18
2019-09-30 3.70
2019-06-30 3.91
2019-03-31 4.00
2018-12-31 3.96
2018-09-30 4.11
2018-06-30 4.16
2018-03-31 4.27
2017-12-31 4.10
2017-09-30 3.73
2017-06-30 2.65
2017-03-31 1.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Noble Midstream Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Noble Midstream Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Noble Midstream Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0N5 Past Performance

  How has Noble Midstream Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Noble Midstream Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Noble Midstream Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Noble Midstream Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Noble Midstream Partners's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Noble Midstream Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Noble Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0N5 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 703.80 146.03 25.78
2019-09-30 612.20 146.38 18.36
2019-06-30 582.04 154.73 18.14
2019-03-31 545.75 158.41 17.00
2018-12-31 558.74 156.90 19.11
2018-09-30 426.94 159.60 16.19
2018-06-30 350.89 157.89 15.38
2018-03-31 286.70 153.94 15.13
2017-12-31 289.62 139.74 14.79
2017-09-30 219.67 122.65 11.78
2017-06-30 203.73 84.30 11.28
2017-03-31 178.92 39.29 10.00
2016-12-31 160.72 28.46 9.91
2016-09-30 144.94 19.95 7.82
2016-06-30 121.51 27.55 6.08
2016-03-31 105.87 45.95 4.88
2015-12-31 87.84 38.04 2.77
2015-09-30 56.91 17.50 3.78
2015-06-30 34.67 2.91 5.00
2015-03-31 18.69 -6.16 5.68
2014-12-31 2.09 -15.09 6.73
2013-12-31 5.19 -6.30 6.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Noble Midstream Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Noble Midstream Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Noble Midstream Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Noble Midstream Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Noble Midstream Partners has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0N5 Health

 How is Noble Midstream Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Noble Midstream Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Noble Midstream Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Noble Midstream Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Noble Midstream Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Noble Midstream Partners Company Filings, last reported 3 months ago.

DB:0N5 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,260.86 1,493.67 12.68
2019-09-30 1,540.22 948.57 17.57
2019-06-30 1,498.56 869.13 9.39
2019-03-31 1,462.34 729.08 9.51
2018-12-31 1,486.56 559.02 14.76
2018-09-30 1,273.53 548.97 18.20
2018-06-30 1,171.67 530.00 16.20
2018-03-31 1,042.65 435.00 24.92
2017-12-31 616.23 85.00 18.03
2017-09-30 342.67 200.00 10.68
2017-06-30 291.68 190.00 19.63
2017-03-31 358.29 0.00 38.86
2016-12-31 342.91 0.00 57.42
2016-09-30 316.42 0.00 47.47
2016-06-30 250.12 0.00 15.46
2016-03-31 255.87 0.00 8.29
2015-12-31 263.54 0.00 26.61
2015-09-30 240.68 0.00 19.59
2015-06-30 241.50 0.00 19.66
2015-03-31 235.81 0.00 9.93
2014-12-31 213.67 0.00
2013-12-31 137.18 0.00
  • Noble Midstream Partners's level of debt (118.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Noble Midstream Partners's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (25.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.5x coverage).
X
Financial health checks
We assess Noble Midstream Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Noble Midstream Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0N5 Dividends

 What is Noble Midstream Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
21.55%
Current annual income from Noble Midstream Partners dividends. Estimated to be 43.22% next year.
If you bought €2,000 of Noble Midstream Partners shares you are expected to receive €431 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Noble Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Noble Midstream Partners's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0N5 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0N5 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.75 1.00
2023-12-31 0.75 1.00
2022-12-31 0.75 1.00
2021-12-31 1.68 6.00
2020-12-31 1.71 6.00
2020-03-31
DB:0N5 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.750 23.421
2020-01-23 2.751 30.998
2019-10-24 2.686 11.247
2019-07-25 2.567 10.104
2019-04-25 2.453 7.568
2019-01-24 2.343 6.637
2018-10-25 2.239 6.744
2018-07-26 2.139 5.052
2018-04-26 2.044 4.080
2018-01-25 1.953 4.026
2017-10-26 1.866 3.623
2017-07-27 1.783 3.729
2017-04-27 1.643 3.562
2017-01-26 1.570 3.233

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noble Midstream Partners has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Noble Midstream Partners has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Noble Midstream Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Noble Midstream Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Noble Midstream Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Noble Midstream Partners has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0N5 Management

 What is the CEO of Noble Midstream Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brent Smolik
COMPENSATION $1,780,855
AGE 57
TENURE AS CEO 0.6 years
CEO Bio

Mr. Brent J. Smolik serves as Chief Executive Officer of Noble Midstream GP LLC at Noble Midstream Partners LP since August 11, 2019 and serves as its Director since November 26, 2018. Mr. Smolik is the President and Chief Operating Officer at Noble Energy, Inc. since November 16, 2018, and is responsible for leadership of Noble Energy’s world-wide operations. Mr. Smolik serves as the President and Principal Executive Officer of EP Energy Gathering Company, L.L.C. and EP Energy Preferred Holdings Company, L.L.C. Mr. Smolik served as Chairman, Chief Executive Officer and President at EP Energy Corporation since August 30, 2013 until November 2017. He served as the Chief Executive Officer of EP Energy LLC since May 2012 and its President since October 16, 2006 also its Chairman of the Board since March 9, 2017. He served as President of Historical EP Energy Corporation, since November 2006. He served as an Executive Vice President of El Paso LLC since November 2006. He was responsible for El Paso's E&P operations as well as El Paso's remaining non-regulated businesses, principally marketing and trading. He served as the President of El Paso Exploration & Production Company since November 2006 and served as its Executive Vice President. He served as the President at ConocoPhillips Canada from April 2006 to October 2006. He served as the President at Burlington Resources Canada Ltd. at Burlington Resources Inc. from September 2004 to March 2006 and oversaw its Canadian operations. He joined Burlington Resources Inc., at Houston in 1990 as a Staff Reservoir Engineer and Acquisition Coordinator and served in various engineering supervisory and management positions in the Denver, Offshore, San Juan and Gulf Coast Divisions. From 1990 to 2004, Mr. Smolik worked in various engineering supervisory and asset management capacities for Burlington Resources, Inc. including the Chief Engineering role from 2000 to 2004. He began his career with ARCO Oil and Gas in 1984 at Houston and served in several drilling and reservoir engineering positions. He served as the Chairman of The Board of Managers at Epe Acquisition, LLC since November 1, 2006 and May 2012 to August 2013. He served as Director of EP Energy Corporation since 2013. He served as Director at EP Energy LLC since May 2012. He also serves on the boards of the American Exploration and Production Council, America's Natural Gas Alliance and the Independent Petroleum Association of America. He served as a Director of Cameron International Corporation since February 25, 2015 until April 1, 2016. He is affiliated with the Society of Petroleum Engineers, Texas Board of Professional Engineers, the Society of Petroleum Evaluation Engineers, the Texas A&M Petroleum Engineering Industry Advisory Board and the board of the Center for Hearing and Speech. He is a Member of the CAPP Board of Governors and serves on the board of the Alberta Children's Hospital Foundation. He is a registered Professional Engineer in Texas. Mr. Smolik graduated from Texas A&M University in 1983 with a BS Degree in Petroleum Engineering.

CEO Compensation
  • Insufficient data for Brent to compare compensation growth.
  • Brent's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Noble Midstream Partners management team in years:

0.7
Average Tenure
48
Average Age
  • The average tenure for the Noble Midstream Partners management team is less than 2 years, this suggests a new team.
Management Team

Brent Smolik

TITLE
CEO & Director of Noble Midstream GP LLC
COMPENSATION
$2M
AGE
57
TENURE
0.6 yrs

Tom Christensen

TITLE
Chief Financial Officer of Noble Midstream GP LLC
COMPENSATION
$795K
AGE
37
TENURE
0.7 yrs

Phillip Welborn

TITLE
Chief Accounting Officer of Noble Midstream GP LLC
COMPENSATION
$171K
AGE
30
TENURE
0.4 yrs

Aaron Carlson

TITLE
General Counsel & Secretary of Noble Midstream GP LLC
COMPENSATION
$552K
AGE
52
TENURE
0.7 yrs

Andy Viens

TITLE
Independent Director of Noble Midstream GP LLC
COMPENSATION
$180K
AGE
64
TENURE
2.7 yrs

Robin Fielder

TITLE
President & COO of Noble Midstream GP LLC
AGE
38
TENURE
0.2 yrs

Megan Repine

TITLE
Manager of Investor Relations

John Reuwer

TITLE
Vice President of Business & Corporate Development of Noble Midstream GP LLC
TENURE
1.2 yrs

Thomas Walker

TITLE
Senior VP of U.S. Onshore & Director of Noble Midstream GP LLC
AGE
48
TENURE
2 yrs

Chris Stavinoha

TITLE
Director of Capital Projects
Board of Directors Tenure

Average tenure and age of the Noble Midstream Partners board of directors in years:

2.7
Average Tenure
57
Average Age
  • The average tenure for the Noble Midstream Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ken Fisher

TITLE
Chairman of Noble Midstream GP LLC
AGE
57
TENURE
4.4 yrs

Brent Smolik

TITLE
CEO & Director of Noble Midstream GP LLC
COMPENSATION
$2M
AGE
57
TENURE
1.3 yrs

Andy Viens

TITLE
Independent Director of Noble Midstream GP LLC
COMPENSATION
$180K
AGE
64
TENURE
2.7 yrs

Thomas Walker

TITLE
Senior VP of U.S. Onshore & Director of Noble Midstream GP LLC
AGE
48
TENURE
1.7 yrs

Hallie Vanderhider

TITLE
Independent Director of Noble Midstream GP LLC
COMPENSATION
$200K
AGE
61
TENURE
3.4 yrs

Martin Salinas

TITLE
Independent Director of Noble Midstream GP LLC
COMPENSATION
$200K
AGE
47
TENURE
3.4 yrs

Rachel Clingman

TITLE
Director of Noble Midstream GP LLC
AGE
52
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Noble Midstream Partners individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Mar 20 Buy Thomas Christensen Individual 09. Mar 20 09. Mar 20 4,750 €4.62 €21,940
03. Mar 20 Buy Brent Smolik Individual 03. Mar 20 03. Mar 20 9,850 €13.78 €135,763
14. Feb 20 Buy Aaron Carlson Individual 14. Feb 20 14. Feb 20 1,000 €18.03 €18,029
14. Feb 20 Buy Thomas Christensen Individual 14. Feb 20 14. Feb 20 1,050 €18.12 €19,029
14. Feb 20 Buy Martin Salinas Individual 14. Feb 20 14. Feb 20 1,750 €18.53 €32,334
19. Nov 19 Buy Andrew Viens Individual 18. Nov 19 18. Nov 19 1,500 €19.65 €29,472
19. Nov 19 Buy Thomas Christensen Individual 18. Nov 19 18. Nov 19 1,000 €19.44 €19,436
19. Nov 19 Buy Kenneth Fisher Individual 19. Nov 19 19. Nov 19 1,000 €19.55 €19,552
19. Nov 19 Buy Brent Smolik Individual 18. Nov 19 18. Nov 19 7,500 €19.39 €145,431
X
Management checks
We assess Noble Midstream Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Noble Midstream Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0N5 News

Simply Wall St News

0N5 Company Info

Description

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through four segments: Gathering Systems, Fresh Water Delivery, and Investments in Midstream Entities and Corporate. The company provides crude oil, natural gas, and water-related midstream services. It operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas. Noble Midstream Partners LP is a subsidiary of Noble Energy, Inc.

Details
Name: Noble Midstream Partners LP
0N5
Exchange: DB
Founded: 2014
$287,083,160
90,136,000
Website: http://www.nblmidstream.com
Address: Noble Midstream Partners LP
1001 Noble Energy Way,
Houston,
Texas, 77070,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS NBLX Common Units Nasdaq Global Select US USD 15. Sep 2016
DB 0N5 Common Units Deutsche Boerse AG DE EUR 15. Sep 2016
Number of employees
Current staff
Staff numbers
0
Noble Midstream Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:59
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.