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Noble Midstream Partners Protects Financial Flexibility and Balance Sheet With Distribution Reduction

HOUSTON--(BUSINESS WIRE)--Noble Midstream Partners LP (NASDAQ: NBLX) (Noble Midstream or the Partnership) announced today that the Board of Directors of the General Partner has approved a 73% reduction of the quarterly distribution to $0.1875 per unit, which the Partnership plans to hold flat in the current environment. This change is effective immediately and is anticipated to preserve approximately $200 million of annualized cash to support the balance sheet.