Hess Midstream Partners LP (HESM) Reports Q2 EPS of $0.21
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Hess Midstream Partners LP Reports Estimated Results for the Second Quarter of 2017
July 27, 2017 7:30 AM EDTSecond Quarter Highlights:
Completed upsized initial public offering (IPO) of 16,997,000 common units at a price of $23.00 per unit, generating proceeds of $365.5 million after deducting the underwriters discounts and structuring fees. Net income was $68.1 million. Net cash provided by operating activities was $102.2 million. Adjusted EBITDA1 was $97.1 million, of which $18.6 million was attributable to Hess Midstream Partners LP. DCF1 of Hess Midstream Partners LP was $18.4 million, of which $16.8 million was for the post-IPO period, resulting in 1.1x... More