Hess Midstream LP Reports Estimated Results for the Third Quarter of 2024
Hess Midstream LP Class A Representing Limited Partner Interests (HESM)
Last hess midstream lp class a representing limited partner interests earnings: 1/29 08:00 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=253966&p=irol-irhome
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Source: Business Wire
Third Quarter 2024 Highlights:Net income was $164.7 million. Net cash provided by operating activities was $224.9 million.Net income attributable to Hess Midstream LP was $58.6 million, or $0.63 basic earnings per Class A share, after deduction for noncontrolling interests.Adjusted EBITDA1 was $286.9 million and Adjusted Free Cash Flow1 was $141.4 million.Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP in September 2024.Increased quarterly cash distribution to $0.6846 per Class A share for the third quarter of 2024, an increase of $0.0169 per Class A share for the third quarter of 2024 compared with the second quarter of 2024; this quarterly increase included incremental distribution per Class A share growth utilizing excess Adjusted Free Cash Flow available for distributions following the accretive $100 million unit repurchase.Throughput volumes increased 9% for gas gathering and gas processing compared with the prior-year quarter, primari
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HESM
News
- Shareholders Can Be Confident That Hess Midstream's (NYSE:HESM) Earnings Are High Quality [Yahoo! Finance]Yahoo! Finance
- Hess Midstream (NYSE:HESM) Is Increasing Its Dividend To $0.6846 [Yahoo! Finance]Yahoo! Finance
- Hess Midstream LP Announces Distribution Per Share Level IncreaseBusiness Wire
- How Morgan Stanley, Hess Midstream And Clorox Can Put Cash In Your Pocket [Yahoo! Finance]Yahoo! Finance
- Hess Midstream LP's (NYSE:HESM) Intrinsic Value Is Potentially 47% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
HESM
Earnings
- 10/30/24 - Beat
HESM
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form SC
- HESM's page on the SEC website