Hess Midstream P Stock Price, News & Analysis

Hess Midstream (HESM) announced an 11% increase in its quarterly distribution per Class A share, effective Q2 2021, reflecting a 10% immediate increase along with a targeted 5% annual growth. The Board also approved a $750 million unit repurchase program aimed at enhancing shareholder value and optimizing capital structure. This repurchase targets 31 million Class B units, expected to be accretive to distributable cash flow. The quarterly distribution of $0.5042 per Class A share will be payable on August 13, 2021, reinforcing financial flexibility and ongoing cash flow.

Hess Midstream LP (NYSE:HESM) announced a conference call on July 28, 2021, at 12:00 p.m. ET to discuss its second-quarter 2021 earnings. U.S. callers can dial 866-395-9624, while international participants should dial 213-660-0871, using passcode 7419849. The call will also be available via a webcast. A replay will be accessible from July 28 until August 12, 2021. Hess Midstream operates diverse midstream assets, primarily in North Dakota's Bakken and Three Forks Shale, providing essential services to Hess and other customers.

Hess Midstream LP (NYSE:HESM) announced that executives, including John Gatling, will meet with investors on June 22-23, 2021, at the J.P. Morgan Energy, Power and Renewables Conference. A fireside chat is scheduled for June 22 at 2:40 p.m. Eastern Time. Investors can access a presentation on the company’s website. Hess Midstream operates fee-based midstream services, focusing on oil, gas, and produced water handling primarily in the Bakken and Three Forks Shale plays in North Dakota.

Hess Midstream LP (NYSE: HESM) announced that CFO Jonathan Stein and VP of Investor Relations Jennifer Gordon will meet with investors at the EIC Investor Conference on May 19-20, 2021. An investor presentation is available in the Investors section of Hess Midstream's website.

Hess Midstream operates a range of fee-based midstream assets, primarily serving the Bakken and Three Forks Shale plays in North Dakota, focusing on oil, gas, and produced water handling.

Hess Midstream LP (NYSE: HESM) announced that CFO Jonathan Stein and VP of Investor Relations Jennifer Gordon will meet with investors at the Citi Global Energy and Utilities Conference on May 12, 2021. A presentation will be accessible in the Investors section of Hess Midstream's website. The company is a fee-based, growth-oriented midstream entity, providing services primarily within the Bakken and Three Forks Shale plays in North Dakota. For further details, visit www.hessmidstream.com.

Hess Midstream (NYSE: HESM) reported a first quarter 2021 net income of $159.6 million, up from $129.0 million in Q1 2020. After noncontrolling interests, net income attributable to Hess Midstream was $8.6 million, or $0.45 per Class A share. The company generated Adjusted EBITDA of $226.7 million with Distributable Cash Flow of $204.6 million. Revenues decreased slightly to $288.8 million compared to the prior year. Operationally, throughput volumes for crude oil terminaling and gathering fell by 23% and 22%, respectively, due to reduced drilling activity and severe weather effects.

Hess Midstream LP (NYSE: HESM) declared a quarterly cash distribution of $0.4526 per Class A share for Q1 2021. This reflects a 1.2% increase from the previous quarter, translating to a 5% annual growth. The distribution will be payable on May 13, 2021 to shareholders on record as of May 3, 2021. Hess Midstream focuses on providing fee-based services through its diverse midstream assets in the Bakken and Three Forks Shale plays in North Dakota.

Hess Midstream LP (NYSE: HESM) will conduct a conference call on April 28, 2021, at 12:00 p.m. ET to discuss its first quarter 2021 earnings. Participants can dial in or access a webcast available on Hess Midstream's website. A replay of the call will be available until May 13, 2021. Hess Midstream specializes in fee-based midstream services, focusing on oil, gas, and produced water handling assets, primarily in North Dakota's Bakken and Three Forks Shale plays. Further details can be found on their official website.

Hess Midstream (NYSE: HESM) announced that CFO Jonathan Stein and VP of Investor Relations Jennifer Gordon will meet with investors on March 24, 2021, at the Scotia Howard Weil Energy Conference. The company has released a presentation available in the 'Investors' section of its website. Hess Midstream focuses on providing fee-based midstream services, owning and operating assets primarily in the Bakken and Three Forks Shale plays in North Dakota.