CONE Midstream Partners LP priced its IPO of 17,500,000 common units representing limited partner interests at a price of $22 per common unit. The common units are scheduled to begin trading on the New York Stock Exchange on Sept. 25 under the ticker symbol “CNNX.” The underwriters of the offering have a 30-day option to purchase up to an additional 2,625,000 common units.

When the offering concludes, the public will own a 29.4% limited partner interest in CONE Midstream Partners (or a 33.8% interest if the underwriters purchase the additional common units offered). CONSOL Energy Inc. and Noble Energy Inc. will each own a 34.3% limited partner interest (or a 32.1% limited partner interest if the underwriters purchase the additional units offered). CONSOL and Noble Energy will also own, through their Marcellus Shale midstream joint venture, 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.