Hess Midstream Partners LP (HESM) Misses Q4 EPS by 1c
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Hess Midstream Partners LP Reports Estimated Results for the Fourth Quarter of 2017
February 5, 2018 4:05 PM ESTFourth Quarter Highlights:
Net income was $77.1 million. Net cash provided by operating activities was $120.9 million. Adjusted EBITDA1 was $106.9 million, of which $21.2 million was attributable to Hess Midstream Partners LP. DCF1 of Hess Midstream Partners LP was $21.0 million resulting in 1.2x DCF coverage of distributions for the period. Increased quarterly cash distribution to $0.3218 per unit, an increase of 3.6% compared with the prior quarter or 15% on an annualized basis, consistent with targeted long-term annual distribution growth per... More