Introduction
When turmoil struck the global economy earlier in 2020, many partnerships followed the same move as Noble Midstream Partners (NBLX) and reduced their distributions. Whilst some may have only trimmed them ever so slightly, sadly for their unitholders this was not the case as they saw a 73% reduction. Thankfully, this is still sufficient to provide a current distribution yield of 9.50% and also raises questions regarding whether further reductions are likely and if they have the ability to reinstate their previous distributions at some point in the future.