NYSE:NBLX

Stock Analysis Report

Noble Midstream Partners

Executive Summary

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States.

Snowflake

Risks

  • 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.

Similar Companies

Share Price & News

How has Noble Midstream Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.9%

NYSE:NBLX

4.6%

US Oil and Gas

2.0%

US Market


1 Year Return

-36.0%

NYSE:NBLX

-15.2%

US Oil and Gas

4.3%

US Market

NBLX underperformed the Oil and Gas industry which returned -15.6% over the past year.

NBLX underperformed the Market in United States of America which returned 3.8% over the past year.


Share holder returns

NBLXIndustryMarket
7 Day3.9%4.6%2.0%
30 Day0.06%3.0%4.1%
90 Day-8.9%-3.6%4.2%
1 Year-31.8%-36.0%-12.2%-15.2%6.6%4.3%
3 Yearn/a8.7%-1.1%54.1%43.9%
5 Yearn/a-27.6%-37.1%58.3%40.8%

Price Volatility Vs. Market

How volatile is Noble Midstream Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

8.06x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Noble Midstream Partners to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Noble Midstream Partners to establish if it is available at substantial discount.


Price Based on Earnings

Noble Midstream Partners is good value based on earnings compared to the US Oil and Gas industry average.

Noble Midstream Partners is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Noble Midstream Partners is good value based on expected growth next year.


Price Based on Value of Assets

Noble Midstream Partners is overvalued based on assets compared to the US Oil and Gas industry average.

Future Growth

How is Noble Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

19.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Noble Midstream Partners's revenue is expected to grow by 12% yearly, however this is not considered high growth (20% yearly).

Noble Midstream Partners's earnings are expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).

Noble Midstream Partners's revenue growth is expected to exceed the United States of America market average.

Noble Midstream Partners's earnings growth is expected to exceed the United States of America market average.

Noble Midstream Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Noble Midstream Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Past Performance

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

61.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 less than its 5-year average (2.9% vs 61.4%)

Noble Midstream Partners's earnings growth has not exceeded the US Oil and Gas industry average in the past year (2.9% vs 29.5%).


Return on Equity

Noble Midstream Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Noble Midstream Partners used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Noble Midstream Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Financial Health

How is Noble Midstream Partners's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Noble Midstream Partners's level of debt (50%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 50% today).

Debt is well covered by operating cash flow (38%, greater than 20% of total debt).

Noble Midstream Partners earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.

Dividend

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

9.73%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Noble Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Noble Midstream Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).

Whilst dividend payments have been stable, Noble Midstream Partners has been paying a dividend for less than 10 years.

Dividend payments have increased, but Noble Midstream Partners only paid a dividend in the past 2 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.3x coverage).

Management

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

3.7yrs

Average management tenure


CEO

Terry Gerhart (58yo)

3.7yrs

Tenure

US$1,253,416

Compensation

Mr. Terry R. Gerhart has been the Chief Executive Officer and Director of Noble Midstream GP LLC, a General Partner of Noble Midstream Partners LP since October 2015. Mr. Gerhart has been Vice President of ...


CEO Compensation Analysis

Terry's remuneration is lower than average for companies of similar size in United States of America.

Terry's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

3.7yrs

Average Tenure

36yo

Average Age

The tenure for the Noble Midstream Partners management team is about average.


Board Age and Tenure

2.7yrs

Average Tenure

56yo

Average Age

The average tenure for the Noble Midstream Partners board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

BuyUS$51,00021 Feb 19
Thomas Christensen
EntityIndividual
Role
Chief Accounting Officer of Noble Midstream GP LLC
Shares1,500
Max PriceUS$34.00

Ownership Breakdown


Management Team

  • Megan Repine

    Manager

  • Andy Viens (63yo)

    Director of Noble Midstream GP LLC

    • Tenure: 2.0yrs
    • Compensation: $180.00k
  • Terry Gerhart (58yo)

    CEO & Director of Noble Midstream GP LLC

    • Tenure: 3.7yrs
    • Compensation: $1.25m
  • John Bookout (32yo)

    Chief Financial Officer of Noble Midstream GP LLC

    • Tenure: 3.7yrs
    • Compensation: $988.16k
  • Thomas Christensen (36yo)

    Chief Accounting Officer of Noble Midstream GP LLC

    • Tenure: 2.8yrs
    • Compensation: $367.91k
  • John Nicholson (33yo)

    Chief Operating Officer of Noble Midstream GP LLC

    • Tenure: 3.7yrs
    • Compensation: $991.29k

Board Members

  • Kenneth Fisher (56yo)

    Chairman of Noble Midstream GP LLC

    • Tenure: 3.7yrs
  • Hallie Vanderhider (60yo)

    Director of Noble Midstream GP LLC

    • Tenure: 2.8yrs
    • Compensation: $200.00k
  • Brent Smolik (56yo)

    Director

    • Tenure: 0.6yrs
  • Martin Salinas (46yo)

    Director of Noble Midstream GP LLC

    • Tenure: 2.7yrs
    • Compensation: $200.00k
  • Terry Gerhart (58yo)

    CEO & Director of Noble Midstream GP LLC

    • Tenure: 3.7yrs
    • Compensation: $1.25m
  • Hodge Walker (47yo)

    Director of Noble Midstream GP LLC

    • Tenure: 0.9yrs

Company Information

Noble Midstream Partners LP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noble Midstream Partners LP
  • Ticker: NBLX
  • Exchange: NYSE
  • Founded: 2014
  • Industry: oil and gas storage and transportation
  • Sector: energy
  • Market Cap: US$1.283b
  • Shares outstanding: 39.78m
  • Website: Click here

Location

  • Noble Midstream Partners LP
  • 1001 Noble Energy Way
  • Houston
  • Texas
  • 77070
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBLXNYSE (New York Stock Exchange)YesCommon UnitsUSUSDSep 2016
0N5DB (Deutsche Boerse AG)YesCommon UnitsDEEURSep 2016

Biography

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Inv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/24 01:03
End of Day Share Price2019/06/21 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.