Shares declined 1.3% to $36.11 at 9:38 a.m. in New York, expanding this year's slump to 23%.
Midstream Partners LP filed for an initial public offering on October 22.
Noble Midstream will continue to evaluate the timing for the proposed offering as market conditions develop, the company said in a statement late Thursday.
Noble Midstream was formed to own, operate, and develop domestic midstream infrastructure assets. In the oil industry, "midstream" is a term applied to those assets related to the transportation of oil & gas from the point of production to the place of storage.