Delaware-based CONE Midstream Partners LP, a joint venture (JV) formed by CONSOL Energy Inc. and Noble Energy Inc., launched its IPO of 17,500,000 common units representing limited partner interests. The common units are expected to trade on the New York Stock Exchange under the ticker symbol “CNNX.” Underwriters of the offering will have a 30-day option to purchase up to an additional 2,625,000 common units.

The common units offered represent a 29.4% limited partner interest in CONE Midstream Partners, or a 33.8% limited partner interest if the underwriters exercise in full their option to purchase additional common units. CONSOL and Noble Energy will each own a 34.3% limited partner interest in CONE Midstream, or a 32.1% interest if the underwriters exercise in full their option to purchase additional common units. CONSOL and Noble Energy will also own, through their Marcellus Shale midstream JV, CONE Gathering LLC, a 2% general partner interest and the incentive distribution rights in CONE Midstream Partners.

Wells Fargo Securities, BofA Merrill Lynch, Citigroup, J.P. Morgan, Baird, Barclays, Deutsche Bank Securities, Goldman, Sachs & Co., Morgan Stanley, Credit Suisse and RBC Capital Markets are acting as book-running managers of the offering. MUFG, PNC Capital Markets LLC, BB&T Capital Markets, BBVA, BNP PARIBAS, DNB Markets, Mizuho Securities and TD Securities are acting as co-managers of the offering.