Noble Midstream Partners LP (Noble Midstream Partners LP) Book Value per Share : $9.24 (As of Mar. 2021)

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What is Noble Midstream Partners LP Book Value per Share?

Noble Midstream Partners LP's book value per share for the quarter that ended in Mar. 2021 was $9.24.

During the past 12 months, Noble Midstream Partners LP's average Book Value Per Share Growth Rate was 1.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -9.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Noble Midstream Partners LP was 35.40% per year. The lowest was -9.50% per year. And the median was 0.10% per year.

Noble Midstream Partners LP's current price is $15.21. Its book value per share for the quarter that ended in Mar. 2021 was $9.24. Hence, today's PB Ratio of Noble Midstream Partners LP is 1.65.

During the past 8 years, the highest P/B Ratio of Noble Midstream Partners LP was 6.98. The lowest was 0.37. And the median was 3.52.

Good Sign:

Noble Midstream Partners LP stock PB Ratio (=0.59) is close to 1-year low of 0.59

Noble Midstream Partners LP Book Value per Share Historical Data

The historical data trend for Noble Midstream Partners LP's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Noble Midstream Partners LP Book Value per Share Chart

Noble Midstream Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Book Value per Share

Get a 7-Day Free Trial

8.54

11.99

18.72

9.03

9.13

Noble Midstream Partners LP Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Book Value per Share	Get a 7-Day Free Trial															8.42	8.72	8.89	9.13	9.24

Competitive Comparison of Noble Midstream Partners LP's Book Value per Share

For the Oil & Gas Midstream subindustry, Noble Midstream Partners LP's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Noble Midstream Partners LP's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Noble Midstream Partners LP's PB Ratio distribution charts can be found below:

* The bar in red indicates where Noble Midstream Partners LP's PB Ratio falls into.

Noble Midstream Partners LP Book Value per Share Calculation

Noble Midstream Partners LP's Book Value Per Share for the fiscal year that ended in Dec. 2020 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(823.5	-	0.0)	/	90.2
	=	9.13

Noble Midstream Partners LP's Book Value Per Share for the quarter that ended in Mar. 2021 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(834.5	-	0.0)	/	90.4
	=	9.24

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Noble Midstream Partners LP (NAS:NBLX) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Noble Midstream Partners LP Book Value per Share Related Terms

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Noble Midstream Partners LP (Noble Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Midstream Partners LP (NAS:NBLX) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Noble Energy Way, Houston, TX, USA, 77070

Website

http://www.nblmidstream.com

Noble Midstream Partners LP is to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. It provides crude oil, natural gas, and water-related midstream services through long-term, fixed-fee contracts. The company has four reportable segments which are Gathering Systems, Fresh Water Delivery Investments in midstream entities, and Corporate. It generates maximum revenue from the Gathering Systems segment. The company focuses on DJ Basin in Colorado and the Delaware Basin in Texas.

Executives

Thomas W. Christensen	officer: Chief Financial Officer	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Noble Energy Inc	director, 10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Nbl Midstream, Llc	director, 10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Stephen Wayne Green	director	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Andrei Fb Behdjet	director	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Chevron Corp	director, 10 percent owner	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Alana K Knowles	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Parfitt Colin E	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Brent J Smolik	director, officer: Chief Executive Officer	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Martin Salinas	director	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Aaron G Carlson	officer: General Counsel & Secretary	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Robin H Fielder	officer: President & COO	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Phillip S Welborn	officer: Chief Accounting Officer	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Hallie A. Vanderhider	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Andy Viens	director	370 17TH STREET, SUITE 2775, DENVER CO 80202