Hess Midstream Partners LP today reported fourth quarter 2018 net income of $91.9 million compared with net income of $77.1 million for the fourth quarter of 2017. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $17.2 million, or $0.31 per common unit. Hess Midstream generated Adjusted EBITDA of $24.0 million and DCF of $24.0 million for the fourth quarter of 2018.
Commenting on the fourth quarter 2018 results, John Gatling, Chief Operating Officer of Hess Midstream said, “The fourth quarter concluded a year of strong growth at Hess Midstream as we added new capacity, advanced strategic infrastructure projects, and successfully executed a large capital program. We delivered double-digit percentage growth in our annual throughputs compared to 2017 as our sponsor and third-party producers increased production. Looking forward, our guidance projects continued strong organic growth while maintaining our financial strength, positioning us well for 2019 and beyond.” Full story