Welcome to our dedicated page for Hess Midstream P news (Ticker: HESM), a resource for investors and traders seeking the latest updates and insights on Hess Midstream P stock.
Hess Midstream LP (NYSE: HESM) is a fee‑based midstream partnership focused on oil, gas and produced water handling assets in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. The HESM news page on Stock Titan aggregates company‑specific press releases and market updates so readers can follow how this midstream business evolves over time.
News coverage for Hess Midstream commonly includes quarterly earnings releases with details on net income, Adjusted EBITDA, Adjusted Free Cash Flow and throughput volumes across gas gathering, gas processing, crude oil gathering, crude oil terminaling and water gathering systems. These updates often explain how changes in physical volumes, tariff rates and operating costs affect financial results and non‑GAAP performance measures defined by the company.
Investors can also track announcements about financial and operational guidance, including expected throughput volumes, capital expenditure plans and long‑term targets for net income, Adjusted EBITDA and Adjusted Free Cash Flow. Hess Midstream regularly discusses its return of capital framework, such as targeted annual distribution growth per Class A share and the use of repurchase transactions involving Class A shares and Class B units.
In addition, the news flow includes items on governance and ownership, such as the exit of Global Infrastructure Partners from its position, changes to the board of directors, leadership transitions and the impact of the merger between Hess Corporation and Chevron Corporation on Hess Midstream’s ownership structure. By reviewing these articles in one place, readers can follow how Hess Midstream’s operational performance, capital allocation decisions and governance developments relate to HESM stock over time.
Hess Midstream LP (NYSE: HESM) will conduct its second quarter 2022 earnings call on July 27, 2022, at 12:00 p.m. Eastern Time. Interested participants are required to register in advance to receive a unique PIN and phone number. The earnings call will also be accessible via a webcast on the company's website. Hess Midstream focuses on fee-based, growth-oriented midstream services, primarily in the Bakken and Three Forks Shale plays in North Dakota. Key details about the company and its operations are highlighted in the press release.
Hess Midstream LP (NYSE: HESM) announced that CFO Jonathan Stein and VP of Investor Relations Jennifer Gordon will meet with investors at the J.P. Morgan Energy, Power & Renewables Conference on June 22, 2022. A presentation is available in the Investors section of Hess Midstream's website. The company focuses on fee-based, growth-oriented midstream services, operating primarily in the Bakken and Three Forks Shale plays in North Dakota.
Hess Midstream LP (NYSE: HESM) announced that Jonathan Stein, CFO, and Jennifer Gordon, VP of Investor Relations, will meet with investors at two conferences: the Citi Global Energy, Utilities and Climate Technology Conference on May 10, 2022, and the EIC Investor Conference on May 17, 2022. A presentation will be available in the 'Investors' section of the Hess Midstream website.
Hess Midstream offers fee-based, growth-oriented midstream services primarily in the Bakken and Three Forks Shale plays in North Dakota.
Hess Midstream (HESM) reported a net income of $159.6 million for Q1 2022, matching the prior year's results, with distributable cash flow of $211.6 million. A cash distribution of $0.5492 per Class A share was declared, reflecting a 6.3% increase. Revenue rose to $312.4 million, driven by higher minimum volume commitments and tariff rates. Capital expenditures reached $37.1 million, primarily for gas compression expansion. The company maintains a 5% annual distribution growth target and expects 95% revenue protection from minimum volume commitments in 2022.
Hess Midstream LP (NYSE: HESM) announced a quarterly cash distribution of $0.5492 per Class A share for Q1 2022, marking a 6.3% increase compared to Q4 2021. The raise includes a 5% immediate increase in distribution levels, supported by strong cash flow. Hess Midstream targets a continuous 5% annual distribution growth through at least 2024, with coverage expected above 1.4x. The distribution will be paid on May 13, 2022, to shareholders recorded by May 5, 2022.
Hess Midstream LP (NYSE: HESM) announced a conference call scheduled for April 27, 2022, at 12:00 p.m. Eastern Time to discuss its first quarter 2022 earnings. Interested parties can join the call by dialling 866-395-9624 in the US or 213-660-0871 internationally. The call will also be available via webcast. A replay will be accessible until May 12, 2022. The company focuses on midstream assets primarily in the Bakken and Three Forks Shale regions of North Dakota.
Hess Midstream Operations LP, a subsidiary of Hess Midstream LP (NYSE: HESM), announced the pricing of $400 million in senior unsecured notes at 5.500% due 2030. The offering aims to repay borrowings from its revolving credit facility used for repurchasing 13,559,322 Class B units from Hess Corporation and Global Infrastructure Partners. The transaction is expected to close on April 8, 2022, subject to customary conditions. The notes are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
Hess Midstream Operations LP, a subsidiary of Hess Midstream LP (NYSE: HESM), has announced a private offering of $400 million in senior unsecured notes due 2030. The proceeds will be used to repay borrowings under its revolving credit facility following the repurchase of 13.5 million Class B units. The offering is restricted to qualified institutional buyers under Rule 144A in the U.S. and non-U.S. persons under Regulation S. Notably, the notes are not registered under the Securities Act, limiting their sale in certain jurisdictions.
Hess Midstream LP (NYSE: HESM) has upsized its public offering of Class A shares to 8,900,000, priced at $29.50 each, up from 7,900,000 shares. The offering, led by Hess Corporation and Global Infrastructure Partners, is expected to generate approximately $262,550,000 in gross proceeds. Importantly, HESM will not receive any proceeds from this sale. The offering is set to close on April 4, 2022, pending customary closing conditions.
Hess Midstream LP (NYSE: HESM) announced a $400 million repurchase of Class B units from Hess Corporation and Global Infrastructure Partners. The Board of Directors approved the transaction to enhance shareholder returns and improve capital structure, targeting a 3.0x Debt/Adjusted EBITDA ratio for 2022. This move is expected to increase distributable cash flow per unit and facilitate growth above the 5% annual distribution target. Funded through debt financing, the repurchase will close concurrently with a $250 million secondary public offering.
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