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Hess Midstream LP Reports Estimated Results for the Third Quarter of 2020

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Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported third quarter 2020 net income of $115.8 million compared with net income of $87.4 million for the third 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 $5.6 million, or $0.31 per Class A share. Hess Midstream generated Adjusted EBITDA of $181.6 million. DCF for the third quarter of 2020 was $156.2 million and free cash flow was $115.2 million.

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