Hess Midstream Partners LP (HESM) Misses Q3 EPS by 1c
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Hess Midstream LP Reports Estimated Results for the Third Quarter of 2022
October 26, 2022 8:01 AM EDTThird Quarter 2022 Highlights:
Hess Midstream Operations LP extended the maturity of its $1.4 billion credit facilities through July 2027. Net income was $159.4 million. Net cash provided by operating activities was $234.7 million. Net income attributable to Hess Midstream LP was $23.2 million, or $0.53 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $253.6 million, Distributable Cash Flow1 was $214.8 million and Adjusted Free Cash Flow1 was $155.6 million. Throughput volumes increased 24% for gas processing, 20% for gas gathering, and 12% for water gathering... More