04.28.2021
Hess Midstream LP Reports Estimated Results for the First Quarter Of 2021
Hess Midstream LP today reported first quarter 2021 net income of $159.6 million compared with net income of $129.0 million for the first quarter of 2020. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $8.6 million, or $0.45 per Class A share. Hess Midstream generated Adjusted EBITDA of $226.7 million. Distributable Cash Flow (“DCF”) for the first quarter of 2021 was $204.6 million and Adjusted Free Cash Flow was $182.2 million.
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04.23.2021
Hess Midstream LP Announces Increased Quarterly Distribution
Hess Midstream LP, today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.4526 per Class A share for the quarter ended March 31, 2021. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the fourth quarter of 2020, which equals a 5% increase on an annualized basis. The distribution will be payable on May 13, 2021 to shareholders of record as of the close of business on May 3, 2021.
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04.12.2021
Hess Midstream LP Schedules Q1 2021 Earnings Release Conference Call
Hess Midstream LP announced that it will hold a conference call on Wednesday, April 28, 2021 at 12:00 p.m. Eastern Time to discuss its first quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 6996363 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 6996363. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.
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01.27.2021
Hess Midstream LP Reports Estimated Results for the Fourth Quarter Of 2020
Hess Midstream LP today reported fourth quarter 2020 net income of $132.3 million compared with net income of $75.1 million for the fourth quarter of 2019, as recast for the 2019 acquisition of Hess Infrastructure Partners LP (“HIP”) by Hess Midstream Operations LP (formerly known as Hess Midstream Partners LP) (the “Partnership”), Hess Midstream’s controlled subsidiary. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $6.6 million, or $0.36 per Class A share. Hess Midstream generated Adjusted EBITDA of $199.1 million. Distributable Cash Flow (“DCF”) for the fourth quarter of 2020 was $176.8 million and Adjusted Free Cash Flow was $126.6 million.
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01.25.2021
Hess Midstream LP Announces 2021 Guidance
Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided 2021 guidance and announced its 2021 capital budget.
John Gatling, President and Chief Operating Officer of Hess Midstream said, “We enter 2021 with Hess planning to add a rig in the Bakken and our plans to further enhance our gas capture capability, driving future growth for Hess Midstream. We are in a unique position with visible growth, excess cash flow and a contract structure that generates 100% fee-based revenues with downside protection through 2033.”
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01.11.2021
Hess Midstream LP Schedules Q4 2020 Earnings Release Conference Call
Hess Midstream announced today that it will hold a conference call on Wednesday, January 27, 2021 at 12:00 p.m. Eastern Time to discuss its fourth quarter 2020 earnings release.
To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 7380097 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 7380097. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.
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