NBLX - Earnings call transcript Q3 2017 | Noble Midstream Partners LP

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Operator

Good day, and welcome to the Noble Midstream Third Quarter 2017 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Chris Hickman. Please go ahead.

Chris Hickman

Thank you Steve, and good afternoon everyone. Noble third the earnings joining for Midstream quarter Partners call. Thanks results today John Gerhart, to me is Bookout, review and With COO; our Terry Nicholson, CEO; CFO. John

analysts. the our to Following we'll open remarks, questions prepared from call

updated Our third quarter nblmidstream.com. of guidance the release be and Upon section location. filing on investors website our same fourth XX-Q available which the will supplemental are our quarter slides earnings include and later today, on

measures. At As and financial a reminder, certain call the contain discussion time, statements forward-looking this over today's will Terry. turn I'll non-GAAP to

Terry Gerhart

the IPO Chris. system projects and third-party I'm and bringing consistently marked Thanks, over online Delaware Achievements successfully our instrumental month one Last Midstream's third our Basin, in Noble are two DJ first gathering Basin. proud year the that have from These are we term growth. near the to our XX months. include in in our long and how last outlook central the very facility quarter improved gathering

month our strong is the the Additionally, is X.X believe a adds X.X% combined gas with service offering of to quarter, I last established our allotted Energy's key financial increase, of execution two This acreage. we months. our compared our distribution Blanco and second X.X coverage over an water of gas oil, times, produced records Delaware foremost Also and services. growth to by third our gathering the to XX quarter Basin XX% gathering annualized of EBITDA we position projects service successful all in increase unit distribution leverage existing compression with across accomplishments the net River system recent times. all per to of to and Noble this in new our complementary a gas had again results financial

for in the XXXX, Laramie infrastructure Looking shift CGFs company ahead initial infrastructure build in in River Delaware, two infrastructure the build-out the focus Green Energy's XXXX in capital on initial expect and development Mustang development out we in Noble the development company and will additional the from River XXXX.

invest including year annual maintaining per continue first and our strength to the two XX% acquisitions I also continue objective our in to committed in our with per our successes XXXX. in one growth on thus in expect unit will dropdown DJ and Noble financial We're We expected. Colorado to and our distribution projects, to Greenfield greater XXXX building more Basin. in initially increases than third-party River growth target faster funding Energy's customer connections distribution far

ability now financial through distribution to into Nicholson strong an performance turn combined the Midstream Our with our sustain and Partners Noble update. operations growth positions to with And well that, for I'll future. annual per call over the XX% John time, unit

John Nicholson

$XXX,XXX be to CGF These following oil the built few startup the of were capacity doubling capacity modifications, facilities XX,XXX day. with to capital. of of from was per generated of barrels these quarter immediately kicked for In less It facility the we which a than a XX wells increased an results and basins. Thanks short Miner oil water at by startup done expansion Terry. project the With a NBLX with was by impressive per produced of we our are growth were exciting the third Delaware to day projects with shutdown connected. DJ only required central a our the in wells, from the results water we up debottlenecking Billy barrels gathering quarter XX,XXX of Delaware volumes quarter first initial partial strong given excited while facility. This during and piping especially we and expanded off XX%

month uptime River of reliability increased for per XXXX barrels In volumes barrels we water oil to equivalent gas the oil of the water production third and over XX% XX in XXXX Miner averaged first a operations. quarter of all averaged capacity, day. the the approximately per produced Blanco in Billy had addition at volumes while a of debottlenecking day, full should Fourth produced projects as quarter result over grow wells. from facility quarter at volumes

execution than combined Our project Billy expected with throughput successful makes certainly a project. better Miner

of further the is supplemental of we've enhancing upcoming well. to facilities those benefits gained will learnings projects One amount our the knowledge applied be as and

of CGF of on capacities one-sixth online barrels remain oil or year. As a the will mid upgraded Jesse planned to December our match reminder, the of capacities in James by capacity daily Billy Miner We represents XX,XXX schedule next Miner. bring Billy

pipeline, advantage during expectations. throughput XX,XXX the quarter to over our averaged the barrels Moving daily exceeding

we of a and are announced full of oil services quarter. an we compression acreage barrels in pressure Miner James XX,XXX Adding increase forecasting is third our Energy's providing the be in River third-party Jesse to connection excitement along quarter, XXXX fourth across company. driven versus with the will the more the yesterday a development day quarter to barrels. Delaware Billy beginning than XX,XXX This XX% of Delaware, in of high by We through our Noble Trinity

existing be invest $XX of closely match million volume per Energy's staged ramp. into a complementary million approximately feet for to is $XX XXX day are third-party designs stay and our cubic to high have pressure taken step infrastructure significant expense a first will capacity. facility in Compressors growth Noble what towards and have in service segment we compression We million Delaware This will Energy. our busy be otherwise basin. quite would been Noble excited to operating a the for to to the expect We and

mile in connected pads White The XX line Mesa has of Grand produced DJ over we is system gathering our The in third-party in water began to complete for our includes customer August. in and up the DJ volumes XX Platteville. and and pipe gathering and Basins oil transmission Basin, miles system four well currently XX to Lucerne, inch Cliffs on Moving the connected.

oil to to alone. Activity remains barrels rigs two September crew. frac additional the we in one at fourth the capital invested quarter, pad of it we're continued go overlooked. acreage our development for the so Colorado in the continued project certainly why per our XX% enhance In ahead company returns we to-date this heading growth Laramie XXXX. than since have XXX averaged date, DevCo should and contribute in Gathering and per not million of into August from on initial activity budget. quarter to throughput should well and which oil connecting estimate certainly approximately barrels oil Third River volumes approximately consistent and The expectations easy make one full be To project million day which quarter. $XX about well XXXX which invested day this more of initial is and growth the understand XX,XXX excited is anticipate of below River year gathering fourth our

over capital area forecast. second XX currently continued program in gas the Over success invested sponsors our and development drill in gathering rigs the volumes running. quarter, are the months quarter volumes $X XX% started Energy's IPO two above with showing gathering million oil of DJ Mustang are and oil completion third Noble from construction In gas where XX% only the and the our last of grew we've techniques. Also

to in our fresh this to is gathering and be produced expansion quarter oil, delivery water of late We expect water year. system the gas online be completed expected of end system first the of our by The XXXX.

is expect Third saw customer. August, by quarter completion changes quarter declined two our Basin do and fresh the DJ activity to water crews any X% fourth We in are volumes Noble for from quarter. activity fresh water third-party in as Energy volumes the down we third not why beginning levels which current reduced Basin from one DJ one

remains well of However, plan. water our fresh strong well the per across ahead and basin

guidance of continued anticipated per expand increased our and by gathering million point for gas has in is to result day. capital XXXX net. DevCo are additional growth gas third-party the a XXXX beginning XX% be capacity This where our $XX beyond. system wells in anticipation midpoint Colorado to gathering is and delivery River to our primarily which of increase we in capacity Our an to million Early XXX of system spending connecting we’ll in XXXX ranch gross

months circled XXXX. quarter I of the to milestones with a turn positioned and pleased deep had ahead several on are Our execute teams certainly of I'll us. I'm inventory to has projects for calendars forward continuing the well accomplishments the our in third exciting John. it look have to certainly very the quarter and a over With and We for that,

John Bookout

per new gathered inaugural transaction metrics. day oil key another dropdown XX,XXX new quarter Due June water coming we revenue expenses and from in A to oil of equivalent barrels or XX% drove third million the records volumes, million a expenses segment. gas to in to third and report from are and John. financial with in balance sequentially. records direct with $XX for pleased our volumes with strong were operating gathering quarterly in million XX% quarter million our during increase our quarter, segments million $XX include gathering of the of XX% contributions $XX fresh income operating Total delivery for resulting the operating $XX which quarterly gross $XX Thanks from increase

SRC EBITDA partner upset income on quarter. systems unit totaled the $X.XX for to We million reported increase to year with ramp margins for records. attributable of second new volumes represents into million, quarter Permian gross XXXX. in million net balance the quarter. $XX for the $XX expect improve the Net the and a partnership to as our the over and the limited EBITDA XX% Gross which per of We $XX to

quarter highlighting of our Removing XX% from Our Permian approximately for second assets. dropdown the River organic to EBITDA XX% and increased the quarter. SRC Colorado net transaction, to the startup our third of the versus the versus attributable the and transaction This to million quarter second the systems. due dropdown increased contributions partnership $XX which opening the totaled growth partnership was impact EBITDA system our of

by segment perform covered and distribution gathering contributions well would continues have entire X.X to at the assuming times no all. freshwater Our

above EBITDA we Permian quarter scale. second or distribution as into second up quarters partnership gathering on next Additionally distribution XX% unit during now continue The came and $XX after $X.XX from business annualized grow XX% LP the continues to public X.X% per expect The just trend X.X and XX% this the distribution cash the gathering an quarter. for partnership. coverage minimum on flow as our quarterly the third of times for to increased resulting of our a four LP of represents units in segments our from distributable year sits of million $X.XX quarter an above which recorded full basis

towards gathering projects satisfy the facility. to million XX% fund in uniquely in and we processing our For our others than $XXX space. million quarterly flow consisting program go $XX of funding the on We quarter is less ended organic are debt distributable of cash than to able and distribution. our million with XX% of believe approximately liquidity capital cash to remaining with positioned quarter $XXX credit repayment and revolving $XXX We of portions higher the our million cash, flow

water full SRC quarter. the - volumes from quarter to XX% well Produced growth grow to and XXX,XXX continued barrels Looking quarter, expects and in partnership to our XXX,XXX anticipated a in are than gathered Colorado growth third oil continued third versus the XX% due Permian expect XX% per volumes XX% contributions and growth more growth volumes and between fourth quarter day from the of the gas as systems. River between of to oil a and in increase expected and as

million $XX increase X% a We net million reflecting and $XX EBITDA million, to EBITDA is million from $XX a expect be $XX the the expected gross third to X% partnership sequentially quarter. to the between to quarter. midpoint third with

to updated our increased and quarter third reflect been has outlook full-year expectations. fourth strong quarter Our

coverage volumes EBITDA million per is XXXX $XXX oil expect million and and our cash the between the million to to $XXX times. with throughput expected X.X of million to to between and now XX,XXX in be Distributable million $XXX year oil partnership. for gas XX% $XXX expect of to XXXX. $XXX be increase barrels $XXX X.X to be We million or day attributable a flows between and gathering We XX,XXX versus equivalent full-year

highly attractive The to remain the as results our system of begin mentioned is through services fits our on in build Noble we organic segment and also also busy our additional at front to XXXX better businesses. results program times gathering cost adding will the multiple captures to quarter compression and operating chain. in The of in Delaware complementary similar John in XX our Delaware. our our infield compression for rates savings also by similar gas of X service and As highlighted show value the strategic additional core midstream to to time goal development existing segment with addition the operational existing should gathering to contributing return. This the our second share This our segment leverage of X.X sponsors. segment which gathering or is objectives of line adding Energy's

Our long-term is questions. approach run consistently compression robust. With believe team our has during be now the We Noble acquisitions provider. we NBLX the two making to to take continue growth dynamic opportunity successful rate business portfolio outlook parties service to for our third to that through We we of of time and midstream outlook also through expand we'll Steve, call set improved a that and a feel measured our opportunities additional this corporate open will XXXX but and development and our enhancing more Energy business to and addition growth both the and related segment.

Operator

[Operator with go Heikkinen David ahead. comes Please Instructions] Energy. And our Amoss from first question

David Amoss

question to enough any there. comments a thinking your align just about get the for us can additional And CGFs of and compression CGF to XXXX. is the growth in the model about with longer-term potentially we need you through online If future? Just business, just on that make capacity good kind compression then how coming potential

John Bookout

that gathering In of at the segment the would side, of mimic the the the quarter to of occurred for that of for the have funding volumes expect beginning and XXXX time through segment see quarter. kind you'll on modeled gas segment. what the segment terms capital initial in at second both the the you end compression We first but of

David Amoss

And then target segment that any longer-term? for comment on return

Terry Gerhart

feel targeted David we how service that our on on return about remarks similar this of really I Yes better segments XX% through gathering I we more this returns the a think in in of to prepared confident cost mentioned think and were we is kind segment methodology the pretty rate to time.

David Amoss

quick like potentially structure differs you on just a for fee business And are modeling how question frac seems for one here Can DevCos. it the barrel water different comment the last one the water? the know doing fee across DevCos different per you

John Bookout

the is Noble Energy you’ll and different for SRC segments fresh IDP think three I when look water for two Energy. one at areas

qualification water water you and I service base barrels just well think The but is being a have manage Noble difference of two Energy. due trucking produced system, the is East no Energy the site from the between fee areas. consistent passed Noble in fresh Pony the that system water we to which through to

structure. So the explains Energy likely that the between Noble difference

Operator

Our Johnson Please next Georg with question comes from ahead. Rice. go Venturatos

Georg Venturatos

successful touch Wanted with facility. gathering and heavy out have to just to on lifting see to first side on the you project some got fronts just to obviously the completion first But nice the looking be those the coming online? kind coming more of in half in can of this James Jesse a XXXX December. little of with provide would terms half timing when you expectations XXXX on of Anyway maybe the first detail Delaware

Terry Gerhart

going John when John be the with three in first the get you you. by have but are - I’ll beyond that details next half to of do can Sure,

John Bookout

in probably first Yes, Georg XX timing in a or that our and internally. so days sometime you’re from at XXXX perspective so then the is looking plan thereafter of kind March every one

Georg Venturatos

the in of and on we’re in you kind work multiple build of then where that John a going at we're provide X, and XX? had looking be quarter guys that gas working multiple from X.X times And to Could mentioned second startup that. of the into to side compression of kind into timeframe

John Bookout

bring then that into mentioned grow we'll put and how compression fair those. will March, with coincides facility and April amount our on a May in John in I think of

of pleased We build kind to of multiple we'll timeframe, the XXXX. compress that the into likely kind in expect XXXX/XXXX going to be with results

Georg Venturatos

slide outlines there how just good one is of the have which preference in from have near-term of EBITDA but me that of drops guys think in Delaware that about terms and have you that by to least - does and the year last And opportunities you deck of and more kind at DJ plan know your much XXXX reiterated is obviously yes but certainly but general what lot drop one target Delaware, and terms it that’s a basis you purely on potential about from out do XX% you thrown do multiple in secondary? all you think the or for

John Bookout

obviously contribution I think and important everything are goals, predetermined strategic terms context transactions obviously is Permian of of we balance we I EBITDA think about think don't overarching do our one. in very in in IPO of what was point different dropdown terms we in in that. June that dropdown look was to and than and was consummated our process the time that the first in back planning the there

to that are entire either between but and your it discussion Noble of level. we robust to that obviously two Permian it’s quarterly pretty pertains But Noble the is Energy goes Midstream bit little goals. review So to assets as wholesale and we've speculate discussion involved there's one a long-term negotiation, parties hesitant the processes have variables all into the at

Operator

Our go with Tonet ahead. next JPMorgan. Jeremy comes Please from question

Jeremy Tonet

a being something side expansion position going able out equity is provide to volumes on to topic? and infrastructure of the lever thoughts any be large start want you that you pipeline crude Delaware there. been in Just like the appetite the or off And to maybe partnership's successful further to of in participate gathering guys about was on to seems basin able there transmission thinking the to that takeaway to advantage know family NBL you into be might have the business wondering if appetite given have such quite moved volumes oil that downstream kind wondering

Terry Gerhart

that's investigating. I’ll start. we to little aware more to as something something and Well are the that on side get not developments I guess of certainly specific clarity. turn any Bookout is details I’ll but going go add over is John more to ahead it we’re that business he to leading This and

John Bookout

highlighted is all the why understanding that a opportunity. that often digital right talked there We’ve monitoring of been kind degree projects discussions with the out I you exactly longhaul of high the having think Permian. and interest in of lines come so about

NBLX sense longhaul of sure a least to that characteristics the be potential very we flexibility. being make the the project to time to makes to sure position are have of make I it sponsor asset able at through all measured benefit successful through from think for that pipeline the the be of perspective -

fortunate be are don't the clearly we opportunity need both So recognize we but that for we of this an to part that portfolio entities. it’s

Jeremy Tonet

for your thoughts sharing Thanks there.

Just want to activity you guys and to of down continue into a am water I exceed just turn business levels you kind about trying there next to to of quarter talk but the expectations with because and step the guys keep seems there you ahead of guide some well could better you conservatism to this element more on thoughts down is it understand coming an like step of that? provide just or there, what

John Bookout

We that thought don't kind about right that expect do the way of quality we forecasting the cash terms think the forecast to in business often talked change way we business of perspective I from segment. manage the the process it's our business this flow gathering to versus because and it. around the

the that numbers seen reduction just activity prior in Noble are terms Energy completion some we I the end in activity but forecast conservatism clearly was as the saying from business was think In about third the in were SRC we the well of choose it from still in are also the quarters we’ve versus our are beginning conservative quarter. way towards quarter changes of in to there but what fourth past

Jeremy Tonet

far just with I puts about could. truly strong your And position the Just X.X as having times if what financial We the this one would echo do as almost as position. think you one definitely wondering coverage in partnership you unique last sentiment here. can

that the kind target he faster if You the of to talked would of it even than you structure the but want your chose IDRs dividend you as opportunity did in you base so in if recently like about greater have as days. which topical rate all lift the ability you part has to remove these fund potential have fold become the something here up internally seems to CapEx

Just position using is opportunity about of XG have in kind wondering are very space? guys strong how that others you this think this most you to

Terry Gerhart

internal and now we locked we comfort certainly from also capital looking go other sheet and discussion program level this the at of you and level start that. opportunities at probably We use some are right strong there. I’ll looking give that more can funding what’s details around coverage out are but had just we how from Jeremy the lot balance we’re pulling John of a of the Bookout proper the this it

John Bookout

we be assets we focused that I that with was coverage something we sense can a advantages of and example the that take else the echoes certainly terms well that example do I that's we’ll very is it’s think opportunistic. the future be I think that you I extend focused always financial and that. opinion do We’ll I should advantage we really past long-term could earlier the perspective and would like portion another short than my but example runway we think your us question talked on of make really right durable for right with always longhaul what continue opportunities in an would answer of leverage a now of in with to be do that to to think believe good continue arise think opportunistic the as anything M&A in look do that more from is what anyone it I we XX% rate how distribution through our throwing and long-term you business we and will tell the is think about on expand faster of and business XX% position growth cycle not that growth will

Operator

Please question Our go next with Bernie comes Colson next comes Seaport. from ahead. from question

Bernie Colson

you that and economics projects Blanco the at with how company Just how asset the build kind between the some more about think do that about Buyer of of think the of of stream capture additional about an XX% there the to thoughts know timing I your guess versus River you ownership potential what influence dropdowns does questions economics want drop-down about about just how field philosophical general off economist. particular that spread

John Bookout

think right think question inaugural dropdown our was is our maturity I from to good transaction and of of through force sponsor Because a the now XX% asset XX% an longer to I billable NBLX other important the about future. it’s in exposed would obviously part kind river get roughly acquisition thinking organic

balance a it’s at variable how in maturity we Noble but to performing overall make think have look they to of I the on growth consideration the are of top assets. into sense terms with of quarter Energy fold sure we well assets a of were the fluid really sheet that timing I every how at make to that every we the as each kind objectives as conversation and it's asset look quarter of think our this holdco understand

Bernie Colson

point? drawn said you is the how $XXX on million at think I this call the then And facility much on

John Bookout

XXX.

Bernie Colson

we’re comes given like internally. thoughts markets on But XXXX in these that your and in capital okay, down XXX So finance low leverage difficulty the you that find dropping a difficult talk overall drawn you got able yes you is where fund a and about as coverage a pointed really you lot lot and situation of so spending to to equity great out something being just yourself it organic wondering in when assets seeing markets? how

John Bookout

the there's on an took financing we in of I the X.X with about the you without start mix and timing kind mentioned inspite that on being look revolver, could would of predetermined larger think things earlier feature, the funding in that we that that specific I was just on credit leverage terms it, on take facility million. as the this aggregate put advantage year, we financing good features risk our call up the and expansion transaction question, say at still we also I highlight early without and no highlight the times acquisition transaction. million would couple we're pipeline Good an does drawn a comment it two have year. to XXX as facility we've advantage accordion done $XXX this will dropdown it

So we to year. feel very going good the about capacity next financing

Operator

Our with next from ahead. Baird. Bellamy go Ethan Please comes question

Ethan Bellamy

in You August, said third-party pick somebody up guys mentioned did connection a you you new? Energy SRC or

John Bookout

No more XXXX and then in four system well well the system oil just Mesa that's - clear White and to connected that obviously beyond we’ll be on SRC the make pads to fourth the quarter side September produce in August Ethan Cliffs and expect and in connections then NGL an in the system. dedications and have pad Grand system and we additional we water we to that’s on in DJ the our the and that many in and given the acreage

Ethan Bellamy

about XXXX capital can plans are And hear parent's CapEx then you XXXX and the expectations? when we refresh us the to on historical typical for timing

John Bookout

sometime expect call. in in I think would XXXX would early if the that’s timing February XXXX you'll our hear early likely I of

Ethan Bellamy

if to way then sort give you they cash of or online you problem have flow insight Noble know think XXXX us capture long of but count down up I and thinking we might sort indeed there's longer pie a to be parent between you like the you buying U.S. it's guys sounds how paying ahead just it on thought lastly had the dividend call this acceleration to rig Have accelerating material model that now? into choose get that that carved stock want activity. see we whereby back comes term will it any in XXXX a but or quality in of about, it can sort And where morning, I a know has chance excess in thought onshore our about

John Bookout

to to Ethan speculate that sponsor. on that or I going defer don't think we're question

Operator

Blaschke Our MUFG. go comes with ahead. from next question Please Barrett

Barrett Blaschke

a point world, MLP or topical given the but Just Do really total. quarter trends or of guys still lot this going is this you you address it pushing to know are a something you point, $X.X get you to that within in feel like than hard? the that topical IDRs a this it become GP, at people of quick question, have cash are discussion in on need I do questions million less flows

Terry Gerhart

that since some can IPO the getting been I something is This remember questions discussed has of that. probably on

We probably I are of Bookout provide it’s but some doing into probably now. it right it we’re points that planning not you to something on the it on early more insight into to on get pass I’ll to finer it acknowledge, believe as

John Bookout

have recognize long-term We is kind of terms if question become where problem from we probably in we it kind given that way amount get we problem. of have of fair warranted becomes we for a there entities. it clock in when And years conversations that is more expected be that on structure are than when we the prudent away able both but for many the life and you we the a all and the let a that a think maturity get

Operator

next Chris question with comes Our from Please Barclays. go ahead. Tillett

Chris Tillett

you more inter of acreage sense wondering update perspective when there thought Williams around maybe and basin could just might I make Clayton production what was guys coming the definitively? also transfer an from if then off know we process might give an us on the your and

John Bookout

for likely be of early two to XXXX, actually kind there. are The solution in - in the that be Clayton at facilities and primarily will that are coming the to an third down of Williams and that rigs to basin. interim Those least tied are move out advantage them the acreage of be serving running facilities online first the will

does we dedicated material highlight have for the opportunities us we we us. and transmission is but look that other earnings a will as in as to a home value use that so at permanent not As lever for

things any do see to you you build line potentially I another us line different location. of build mean could another there So number when could needed could

value You so could use another opportunity it in again that as more in and on future. the

Operator

next David Our follow-up Amoss a Please question is ahead. with Heikkinen go from Energy.

David Amoss

that activity terms how potential get next wanted could gas third-party processing what you're of impacting seeing year? to and with Just take DJ your potentially the in levels issues in beginning on in of the be

John Bookout

portion the that River system, a Wells on call of As we Ranch system. the in that, in mentioned is Colorado third-party the portion the

to system expand We'll a to into it XXX a then to place the important it quarter years. here a third-party over gathered in expand the the million almost that to plan two to compression by course at the day day goes family we over how next in expand we further NBLX and that and is will XX robust proprietary million next to over and million works It's of pretty a have that that then XX look first time XXX XX the it system. to and NBL We months.

a a our So up in forward. moving similar Mustang really deliver we’re can comes we’ll volumes some our into system compression point and comfortable online set gathering family that move, volumes very ensures the employ that has central confident proprietary we’ll and for when will move have that that we that we

about that know you that, DCP are the to addition In plants two being built.

mention Anadarko almost is not XX% are in first the and the pretty back move additional online half to increase some and DCP’s them. Western. a of next well capacity volumes will basin plants the XXXX in The family scheduled to and building the Mustang second in as and for that’s of Their year big in

Operator

question-and-answer I'd Chris concludes Hickman like closing over to remarks. And back our turn conference this session. the for any to

Chris Hickman

that you. quarter. with participation follow-up Thank afternoon your Yes, be questions you and guys this and have. everyone, looking really for forward any catching interest available you appreciate We I'll up next

Operator

conference presentation. concluded. today's you attending has for Thank now The

disconnect. You may now

Noble Midstream Partners (NBLX) 31 Oct 172017 Q3 Earnings call transcript