Hess Midstream Partners LP today reported first quarter 2019 net income of $95.3 million compared with net income of $89.0 million for the first quarter of 2018. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $18.1 million, or $0.32 per common unit. Hess Midstream generated Adjusted EBITDA of $25.0 million and DCF of $24.7 million for the first quarter of 2019.
Commenting on the first quarter 2019 results, John Gatling, Chief Operating Officer of Hess Midstream said, “Hess Midstream Partners is off to a strong start in the first quarter of 2019, achieving significant milestones including completing the acquisition of Summit Midstream’s Tioga crude oil and gas gathering assets, increasing our total compression and gas gathering capacity and announcing plans for a major gas processing expansion.”
NOTE: Hess Midstream Partners will hold a conference call on Thursday, April 25, 2019 at 12:00 p.m. Eastern Time to discuss its first quarter 2019 earnings release.
To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 5478698 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 5478698. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com. Full story