Hess Midstream Partners LP today reported second quarter 2018 net income of $94.6 million compared with net income of $68.1 million for the second quarter of 2017. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $17.8 million, or $0.32 per common unit. Hess Midstream generated Adjusted EBITDA of $24.2 million and DCF of $23.9 million for the second quarter of 2018.
“We reported strong financial and operating results for the second quarter of 2018, primarily driven by significant increases in natural gas and crude oil gathering throughput volumes compared to the prior-year quarter. The momentum is expected to continue through the second half of the year, as indicated by our increased 2018 operating and financial guidance,” said John Gatling, Chief Operating Officer of Hess Midstream. “Hess Midstream remains focused on executing its infrastructure strategy to enhance our ability to capture significant additional production volumes from Hess and third parties.”
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