Hess Midstream Partners LP (HESM) Tops Q1 EPS by 1c, Revenues Miss

Hess Midstream Partners LP (NYSE: HESM) reported Q1 EPS of $0.43, $0.01 better than the analyst estimate of $0.42. Revenue for the quarter came in at $288.8 million versus the consensus estimate of $296.63 million.

“We continue to advance projects that will significantly expand our gas capture capability further positioning us for long-term organic growth,” said John Gatling, President and Chief Operating Officer of Hess Midstream. “With 95% revenue protection from minimum volume commitments through 2022, we are uniquely positioned to deliver continued growth in Adjusted EBITDA, adjusted free cash flow and distributions with low leverage and downside contract protection.”

For earnings history and earnings-related data on Hess Midstream Partners LP (HESM) click here.

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