Hess

Hess Midstream LP Reports Estimated Results for the First Quarter Of 2023

Retrieved on: 
Wednesday, April 26, 2023
Energy, Other Energy, Utilities, Oil, Gas, Maintenance, Capital expenditure, Sponsor, Water, Term loan, MVC, GAAP, Hess Corporation, Hess, Public expenditure, EBITDA, DCF, Global Infrastructure Partners, Capital, Depreciation, Growth, MVC COVID-19 vaccine, NYSE, Petroleum

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported first quarter 2023 net income of $142.2 million compared with net income of $159.6 million for the first quarter of 2022.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported first quarter 2023 net income of $142.2 million compared with net income of $159.6 million for the first quarter of 2022.
  • We refer to certain results as “attributable to Hess Midstream LP” which exclude the noncontrolling interests in Hess Midstream Operations LP owned by the Sponsors.
  • Revenues and other income in the first quarter of 2023 were $305.0 million compared with $312.4 million in the prior-year quarter.
  • For 2024 and 2025, Hess Midstream continues to expect organic throughput volume growth across all systems relative to 2023 volume guidance.

Hess Reports Estimated Results for the First Quarter of 2023

Retrieved on: 
Wednesday, April 26, 2023
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Destiny, Hess Corporation, JDA, Interest, Prosperity, ONE, NGL, GAAP, Hess, Government, Barrel, Midstream, Public expenditure, Uaru, Corporation, Global Infrastructure Partners, Fangtooth, Water, Hydrocarbon, Video game, Natural gas, Petroleum, Gulf of Mexico

E&P net income was $405 million in the first quarter of 2023, compared with $460 million in the first quarter of 2022.

Key Points: 
  • E&P net income was $405 million in the first quarter of 2023, compared with $460 million in the first quarter of 2022.
  • Gulf of Mexico (Offshore U.S.): Net production from the Gulf of Mexico in the first quarter of 2023 was 33,000 boepd, compared with 30,000 boepd in the prior-year quarter.
  • In the first quarter of 2023, we sold nine cargos of crude oil from Guyana compared with two cargos in the prior year quarter.
  • Midstream capital expenditures were $57 million in the first quarter of 2023 and $37 million in the prior-year quarter.

Mimecast Announces Two New Executive Appointments to Drive Customer and Operational Excellence

Retrieved on: 
Tuesday, April 25, 2023
Fallibilism, Jandial, Marketing, Software, SAP, Hess, BMC Software, Organization, NPS, Genesys, GTM, R, SVP, Purnima, Management, TIBCO, Mimecast

Hess joins Mimecast as the company’s first chief customer officer, where he’ll lead the development of a more orchestrated and integrated customer excellence framework to drive higher levels of engagement, value, and satisfaction.

Key Points: 
  • Hess joins Mimecast as the company’s first chief customer officer, where he’ll lead the development of a more orchestrated and integrated customer excellence framework to drive higher levels of engagement, value, and satisfaction.
  • Jandial will oversee the consolidation of key operational teams and activities to help innovate, measure, and execute the company’s GTM strategy.
  • “Customer centricity is at the heart of everything we do here at Mimecast,” said Brown.
  • Mimecast, the Mimecast logo, and Work Protected are either registered trademarks or trademarks of Mimecast Services Limited in the Unites States and/or other countries.

Hess Midstream LP Announces Distribution Per Share Level Increase; Increases Quarterly Distribution

Retrieved on: 
Monday, April 24, 2023
Energy, Other Energy, Utilities, Oil, Gas, Growth, NYSE, Hess, Life insurance

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5851 per Class A share for the quarter ended March 31, 2023.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5851 per Class A share for the quarter ended March 31, 2023.
  • The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the first quarter of 2023 as compared to the fourth quarter of 2022.
  • This increase consists of an approximate 1.5% increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share.
  • “With today’s announcement, we utilized our excess adjusted free cash flow beyond our growing distributions and were able to provide a further return of capital to our shareholders through a 1.5% increase per Class A share in our quarterly distribution level and continue to target at least 5% annual distribution growth per Class A share through 2025 from this new higher distribution level.

New Apple Creates a Stir in Local Supermarkets

Retrieved on: 
Thursday, April 6, 2023
Men, Family, Supermarket, Consumer, Convenience Store, Agriculture, Food, Beverage, Natural Resources, Organic Food, Retail, Other Consumer, Women, Honeycrisp, Marketing, Hess, Baking, Music

The WildTwist® apple is quickly winning fans but is only in stores for a limited time.

Key Points: 
  • The WildTwist® apple is quickly winning fans but is only in stores for a limited time.
  • A new twist on two favorites, WildTwist® is a blend of the Honeycrisp and Cripps Pink varieties.
  • The result is a sweet apple with a hint of tartness and a satisfyingly juicy crunch that makes it perfect for snacking.
  • According to Chris Sandwick, director of marketing at Hess Brother’s Fruit Co., the apple has already become a favorite of apple buyers across the country.

Hess Midstream LP Schedules Earnings Release Conference Call

Retrieved on: 
Wednesday, April 5, 2023
Finance, Oil, Gas, Energy, Professional Services, Utilities, Webcast, PIN, NYSE, Hess, Petroleum, Consumer electronics, Video game

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, April 26, 2023, at 12:00 p.m. Eastern Time to discuss its first quarter 2023 earnings release.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, April 26, 2023, at 12:00 p.m. Eastern Time to discuss its first quarter 2023 earnings release.
  • To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number.
  • This conference call and subsequent replay will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.

Hess Corporation Announces $50 Million Donation to Advance Salk Institute’s Harnessing Plants Initiative

Retrieved on: 
Monday, April 3, 2023
Environmental Health, Other Philanthropy, Research, Socially Responsible Investing, Environmental, Social and Governance (ESG), Climate Change, Commercial Building & Real Estate, Construction & Property, Environment, Other Energy, Finance, Utilities, Oil, Gas, Alternative Energy, Energy, Professional Services, Philanthropy, Other Natural Resources, Fund Raising, Science, Natural Resources, Computational biology, Genetics, Howard Hughes Medical Institute, Hess Corporation, Carbon, Hess, Plant, Climate change, Corporation, Soil, Jonas Salk, Professional corporation, Faculty, HPI, Botany, Health, NYSE, GameChanger, Forestry, Pharmaceutical industry, Renewable energy

In 2020, Hess donated $12.5 million to the Salk Institute’s Harnessing Plants Initiative to accelerate development of plant-based carbon capture and storage.

Key Points: 
  • In 2020, Hess donated $12.5 million to the Salk Institute’s Harnessing Plants Initiative to accelerate development of plant-based carbon capture and storage.
  • In 2021, Hess donated $3 million to establish the endowed Hess Chair in Plant Science at Salk.
  • “The Harnessing Plant Initiative is a potential gamechanger in tackling the global challenge of climate change,” CEO John Hess said.
  • We deeply appreciate the Hess Corporation for their continued generosity and partnership.”

Cincinnati Children's nurse invents video game to reduce child anxiety over anesthesia masks

Retrieved on: 
Tuesday, April 11, 2023
Face, Anxiety, Parent, EZ, Research, Cincinnati Children's Hospital Medical Center, Hess, Penka, National Association Medical Staff Services, Hospital, Calm technology, Animal, Patient, Practitioner, Child, Cartoon, Dentistry, Mobile phone, Nursing, Toy, Anesthesia

CINCINNATI, April 11, 2023 /PRNewswire/ -- A Cincinnati Children's nurse practitioner invented a breathing-controlled video game to help young kids relax when it's time to put on an anesthesia mask and fall asleep for surgery. A Columbus, Ohio, firm has licensed the right to market the tablet-based computer application to other hospitals. 

Key Points: 
  • CINCINNATI, April 11, 2023 /PRNewswire/ -- A Cincinnati Children's nurse practitioner invented a breathing-controlled video game to help young kids relax when it's time to put on an anesthesia mask and fall asleep for surgery.
  • The gaming app, which features cartoon animals that children are able to move by breathing into a mask, helps reduce anxiety during the anesthesia-induction process.
  • "Many young patients become anxious when an anesthesia mask is placed over their face in the operating room," said Abby Hess, a doctor of nursing practice who invented the video game concept at Cincinnati Children's.
  • Hess noted that each year, thousands of kids at Cincinnati Children's and millions elsewhere across the US are given anesthesia for surgery.

Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase

Retrieved on: 
Tuesday, March 28, 2023
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, Hess Corporation, Global Infrastructure Partners, NYSE, Hess, Class, Petroleum

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the approximately $100 million repurchase of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”).

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the approximately $100 million repurchase of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”).
  • Hess Midstream Operations LP, Hess Midstream’s consolidated subsidiary, agreed to repurchase 3,619,254 Class B units of Hess Midstream Operations LP, equal to approximately 1.5% of the consolidated company, held by the Sponsors for an aggregate purchase price of approximately $100 million.
  • As a result of the unit repurchase transaction, public ownership of Hess Midstream on a consolidated basis will increase to approximately 18.3%.
  • Hess Midstream expects to fund the unit repurchase through borrowings under its existing revolving credit facility.

Hess Selects Halliburton Well Construction Suite to Implement Digital Wells

Retrieved on: 
Wednesday, March 22, 2023
Apps, Applications, Technology, Construction & Property, Other Energy, Oil, Gas, Software, Alternative Energy, Energy, Other Construction & Property, Artificial Intelligence, Well, Cloud, Knowledge, SVP, Halliburton, Hess Corporation, NYSE, Hess, Automation, Sales, Landmark

Halliburton Company (NYSE: HAL) today announced that Hess Corporation (NYSE: HES) has selected Halliburton Landmark’s DecisionSpace® 365 Well Construction applications powered by iEnergy® Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells.

Key Points: 
  • Halliburton Company (NYSE: HAL) today announced that Hess Corporation (NYSE: HES) has selected Halliburton Landmark’s DecisionSpace® 365 Well Construction applications powered by iEnergy® Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells.
  • DecisionSpace 365 applications empower an agile enterprise and bring planning, design, and operations together to create a digital twin of the well construction process.
  • “Hess is using advanced technology to elevate our operational performance and do that sustainably,” said Richard Lynch, SVP, Technology and Services at Hess.
  • “We are excited to collaborate with Hess to help increase shared access to enterprise knowledge and cross-team collaboration, which will positively impact their digital workflows.”