NYSE:HESM

Hess Midstream LP Announces Filing of 2023 Annual Report on Form 10-K

Retrieved on: 
Thursday, February 29, 2024
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, Form 10-K, Security (finance), Bank statement, Annual report

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, 2023 with the Securities and Exchange Commission on February 29, 2024.

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, 2023 with the Securities and Exchange Commission on February 29, 2024.
  • 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] .

Hess Midstream LP to Participate in Investor Conferences

Retrieved on: 
Monday, February 26, 2024
Other Energy, Utilities, Oil, Gas, Finance, Public Relations, Investor Relations, Energy, Communications, Professional Services, Conference

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Raymond James Institutional Investors Conference on March 4, 2024, and at the Morgan Stanley Global Energy & Power Conference on March 7, 2024.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Raymond James Institutional Investors Conference on March 4, 2024, and at the Morgan Stanley Global Energy & Power Conference on March 7, 2024.

Hess Midstream LP Announces Pricing of Secondary Public Offering of Class A Shares

Retrieved on: 
Tuesday, February 6, 2024
Energy, Utilities, Oil, Gas, Global Infrastructure Partners, Security (finance), Sale, Exercise

The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,500,000 additional Class A shares.

Key Points: 
  • The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,500,000 additional Class A shares.
  • HESM will not receive any proceeds from the sale of Class A shares in the offering.
  • The offering is expected to close on February 8, 2024, subject to customary closing conditions.
  • Citigroup is acting as the bookrunning manager of the offering.

Hess Midstream LP Announces Secondary Public Offering of Class A Shares

Retrieved on: 
Monday, February 5, 2024
Energy, Utilities, Oil, Gas, Global Infrastructure Partners, Sale, Security (finance)

Hess Midstream LP (NYSE: HESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”).

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”).
  • The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares.
  • HESM will not receive any proceeds from the sale of Class A shares in the offering.
  • Citigroup is acting as the bookrunning manager of the offering.

Hess Midstream LP Announces Guidance, Increases and Extends Return of Capital Program Through 2026

Retrieved on: 
Wednesday, January 31, 2024
Finance, Oil, Gas, Energy, Professional Services, Other Energy, Growth, GAAP, Natural gas, Water, Public expenditure, Adjustment, Investment, Hess Corporation, Petroleum

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

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided financial and operational guidance and expectations.
  • "Our 2026 minimum volume commitments imply substantial growth from 2023 levels, underpinned by Hess’ planned development activity and our continued focus on gas capture.
  • Hess Midstream expects full year 2024 net income of between $670 million and $720 million and Adjusted EBITDA of between $1,125 million and $1,175 million.
  • Hess Midstream expects 2024 capital expenditures of between $250 million and $275 million.

Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2023

Retrieved on: 
Wednesday, January 31, 2024
Energy, Utilities, Oil, Gas, Growth, Sponsor, GAAP, MVC, Capital, Water, Capital expenditure, Global Infrastructure Partners, General partnership, Hess Corporation, Petroleum

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the fourth quarter of 2022.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the fourth 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 fourth quarter of 2023 were $356.5 million compared with $314.6 million in the prior-year quarter.
  • 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 Midstream LP Announces Distribution Per Share Level Increase

Retrieved on: 
Monday, January 29, 2024
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, Growth

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6343 per Class A share for the quarter ended December 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 $0.6343 per Class A share for the quarter ended December 31, 2023.
  • The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the fourth quarter of 2023 as compared to the third quarter of 2023.
  • 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 through 2025.
  • “We continue to execute on our differentiated financial strategy, prioritizing consistent and ongoing return of capital to our shareholders,” said Jonathan Stein, Chief Financial Officer of Hess Midstream.

Hess Midstream LP Schedules Earnings Release Conference Call

Retrieved on: 
Thursday, January 11, 2024
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, PIN, Webcast

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 31, 2024, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2023 earnings release.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 31, 2024, at 12:00 p.m. Eastern Time to discuss its fourth 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 Midstream LP to Participate in UBS Global Energy & Utilities Winter Conference

Retrieved on: 
Tuesday, December 19, 2023
Energy, Other Energy, Utilities, Oil, Gas, Conference

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the UBS Global Energy & Utilities Winter Conference on January 9, 2024.

Key Points: 

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the UBS Global Energy & Utilities Winter Conference on January 9, 2024.

Hess Midstream LP Publishes Sustainability Report

Retrieved on: 
Monday, December 18, 2023
Professional Services, Utilities, Environment, Oil, Gas, Sustainability, Energy, Finance, Sustainability accounting, Social, Task force, Hess Corporation, Petroleum

Hess Midstream LP (NYSE: HESM) today announced publication of its 2022 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) today announced publication of its 2022 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance.
  • The report is available on the Hess Midstream website .
  • Leading sustainability reporting frameworks were used to develop the Hess Midstream Sustainability Report including the Energy Infrastructure Council and GPA Midstream Association Environment, Social and Governance Reporting Template; the Sustainability Accounting Standards Board standard for oil and gas – midstream; the Taskforce for Climate-Related Financial Disclosures; and the Global Reporting Initiative Standards.
  • The Hess Midstream Sustainability Report is a companion to Hess Corporation’s 2022 Sustainability Report, available at www.hess.com/sustainability , which provides greater detail on sustainability strategy, management systems and programs for Hess Corporation that also apply to Hess Midstream.