Hess

Hess Midstream LP Announces Filing of 2022 Annual Report on Form 10-K

Retrieved on: 
Monday, February 27, 2023
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, Security (finance), NYSE, Hess, Bank statement, Annual report, Form 10-K, Cryptocurrency, Audit

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on February 27, 2023.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on February 27, 2023.
  • A copy of the annual report is available on Hess Midstream’s website, www.hessmidstream.com , by selecting “Investors” and then “SEC Filings.”
    Shareholders may request printed copies of our annual report on Form 10-K, which includes Hess Midstream’s complete audited financial statements, free of charge by emailing Investor Relations at: [email protected] .

Azzur Group Appoints New Leadership for Los Angeles Consulting Office

Retrieved on: 
Wednesday, February 22, 2023
GxP, Hess, Azur, Engineering, CAPA, Patient, Consultant, Management

IRVINE, Calif., Feb. 22, 2023 /PRNewswire/ -- To support continued company growth and best meet the demands of the business, Azzur Group announces a new senior leadership appointment. Joey Capone will join Emily Hess as Co-Practice Leader of Consulting Services for Azzur Los Angeles.

Key Points: 
  • Eight-year company veteran, Joey Capone, appointed Co-Practice Leader of Consulting Services for Azzur Los Angeles, joining Emily Hess in leading California-based GxP consulting and advisory company
    IRVINE, Calif., Feb. 22, 2023 /PRNewswire/ -- To support continued company growth and best meet the demands of the business, Azzur Group announces a new senior leadership appointment.
  • Joey Capone will join Emily Hess as Co-Practice Leader of Consulting Services for Azzur Los Angeles.
  • "I have had the opportunity to wear many hats at Azzur," said Joey Capone , Co-Practice Leader, Azzur Los Angeles.
  • "We're excited to announce the promotion of Joey Capone to Co-Practice Leader of Consulting Services at Azzur Group," said Chris Mansur , President of Azzur Consulting.

Hess Recognized for Sustainability Performance

Retrieved on: 
Tuesday, February 7, 2023
Oil, Gas, Energy, AAA, Research, GEI, ESG, NYSE, AA, Sustainability reporting, Hess Corporation, Bloomberg, Hess, Natural gas, Corporation, Parity, Petroleum, MSCI

AAA, which is MSCI ESG’s highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers.

Key Points: 
  • AAA, which is MSCI ESG’s highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers.
  • Hess is one of only two U.S. oil and gas companies that currently hold a AAA rating from MSCI ESG.
  • Hess received its first AAA rating in 2021, after earning AA ratings from MSCI ESG for 10 consecutive years.
  • For more information about sustainability at Hess, including annual Sustainability Reports, please visit www.hess.com/sustainability .

Hess Midstream LP Announces 2023 Guidance and Return of Capital Framework Through 2025

Retrieved on: 
Wednesday, January 25, 2023
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, Public expenditure, Water, Hess Corporation, Natural gas, Hess, NYSE, Maintenance, EBITDA, GAAP, Adjustment, Petroleum, Bank

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided 2023 financial and operational guidance and expectations for 2024 and 2025.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided 2023 financial and operational guidance and expectations for 2024 and 2025.
  • Hess Midstream expects full year 2023 net income of between $600 million and $640 million and Adjusted EBITDA of between $990 million and $1,030 million.
  • Hess Midstream expects full year 2023 Distributable Cash Flow2 to range between $815 million and $855 million, resulting in a distribution coverage ratio of approximately 1.5x.
  • Hess Midstream expects 2023 capital expenditures of approximately $225 million, focused on expansion of gas compression capacity and gathering system well connects.

Hess Midstream LP Reports Estimated Results for the Fourth Quarter Of 2022

Retrieved on: 
Wednesday, January 25, 2023
Energy, Other Energy, Oil, Gas, Public expenditure, Water, Hess Corporation, Capital expenditure, Term loan, Hess, MVC, NYSE, Maintenance, DCF, Weather, EBITDA, Sponsor, Capital, GAAP, Growth, Global Infrastructure Partners, Petroleum, Video game, Arms industry

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth quarter of 2021.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth quarter of 2021.
  • Hess Midstream’s results contained in this release are consolidated to include the noncontrolling interests in Hess Midstream Operations LP owned by affiliates of Hess Corporation (“Hess”) and Global Infrastructure Partners (“GIP” and together with Hess, the “Sponsors”).
  • 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.
  • Hess Midstream will review fourth quarter financial and operating results and other matters on a webcast today at 12:00 p.m. Eastern Time.

Hess Reports Estimated Results for the Fourth Quarter of 2022

Retrieved on: 
Wednesday, January 25, 2023
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Destiny, Public expenditure, Water, JDA, Hess Corporation, Hess, Corporation, Midstream, NGL, Carbon, Weather, Prosperity, GAAP, Fangtooth, Barrel, Liza, Sale, ONE, Interest, FPSO Noble Seillean, Uaru, Video game, Airline, Petroleum, Pharmaceutical industry, Gulf of Mexico, Yellowtail

E&P net income was $667 million in the fourth quarter of 2022, compared with $309 million in the fourth quarter of 2021.

Key Points: 
  • E&P net income was $667 million in the fourth quarter of 2022, compared with $309 million in the fourth quarter of 2021.
  • Net production, excluding Libya, was 376,000 boepd in the fourth quarter of 2022, compared with 295,000 boepd in the fourth quarter of 2021, primarily due to higher production in Guyana.
  • After-tax expense for Corporate, Interest and Other was $107 million in the fourth quarter of 2022, compared with $118 million in the fourth quarter of 2021.
  • Net cash provided by operating activities was $1,252 million in the fourth quarter of 2022, up from $899 million in the fourth quarter of 2021.

Hess Announces 2023 E&P Capital and Exploratory Budget

Retrieved on: 
Tuesday, January 24, 2023
Finance, Oil, Gas, Energy, Professional Services, Utilities, Stabroek, Hess Corporation, Hess, NYSE, Plains Exploration & Production, Carbon, Acquisition, Corporation, Uaru, Petroleum, Renewable energy, Gulf of Mexico, Payara

Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken.
  • Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023.
  • “Our capital program reflects continued execution of our strategy to invest only in high return, low cost opportunities within our portfolio,” CEO John Hess said.
  • The company expects to drill approximately 110 gross operated wells and to bring online approximately 110 wells in 2023.

Hess Announces First Plush Tugboat

Retrieved on: 
Friday, February 3, 2023
Sale, Professional corporation, License, Captain's Curse, LED, Tugboat, MotorWeek Drivers' Choice Awards, Hess, National Parents Organization, Mother, Toy

NEW YORK, Feb. 3, 2023 /PRNewswire/ -- Hess today announced a new addition to its Hess Toy Truck collection -- the fourth in its plush toy series designed especially for its youngest fans.

Key Points: 
  • NEW YORK, Feb. 3, 2023 /PRNewswire/ -- Hess today announced a new addition to its Hess Toy Truck collection -- the fourth in its plush toy series designed especially for its youngest fans.
  • My Plush Hess Truck: 2023 Tugboat is now on sale exclusively at HessToyTruck.com for $34.99 with free standard shipping and Energizer® batteries included.
  • The 2023 commemorative license plate and accompanying personalizable keepsake Tugboat Captain's License tag follows the Hess Toy Truck collectability tradition.
  • The My Plush Hess Truck series, offered exclusively online at HessToyTruck.com , is part of the bestselling Hess Toy Truck collection, a treasured holiday toy tradition shared among families for nearly 60 years.

Hess Midstream LP Schedules Earnings Release Conference Call

Retrieved on: 
Monday, January 9, 2023
Energy, Utilities, Oil, Gas, Hess, Webcast, PIN, NYSE, Petroleum, Mobile phone, Video game

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 25, 2023, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2022 earnings release.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 25, 2023, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2022 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 Achieves CDP Climate Change Leadership Status and Transition Pathway Initiative Level 4 Status

Retrieved on: 
Wednesday, December 21, 2022
Professional Services, Environment, Oil, Gas, Energy, Finance, Climate Change, Sustainability reporting, Hess, Climate, Disclosure, Task force, TPI, Health, Corporation, Natural gas, Level 4, NYSE, Hess Corporation, CDP, Climate change, Carbon, Risk management, Petroleum, Biophysical environment, Safety

Hess Corporation (NYSE:HES) has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2022.

Key Points: 
  • Hess Corporation (NYSE:HES) has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2022.
  • Hess has earned Leadership status for 14 consecutive years from CDP, an international nonprofit organization that runs a global environmental disclosure system.
  • CDP scores are based on a company’s climate related governance, disclosure practices and management of risks.
  • In TPI’s 2022 report, Hess has achieved Level 4 status, which is the highest level awarded to companies that demonstrably manage climate related risks and opportunities from a governance, operational and strategic perspective.