Hess Midstream Partners LP (HESM) Misses Q4 EPS by 1c, Revenues Beat

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Go back to Hess Midstream Partners LP (HESM) Misses Q4 EPS by 1c, Revenues Beat

Hess Midstream Partners LP Reports Estimated Results for the Fourth Quarter of 2018

January 30, 2019 8:00 AM EST

Fourth Quarter Highlights:

Net income was $91.9 million. Net cash provided by operating activities was $126.2 million. Adjusted EBITDA1 was $124.4 million, of which $24.0 million was attributable to Hess Midstream Partners LP. DCF1 of Hess Midstream Partners LP was $24.0 million resulting in 1.15x DCF coverage of distributions for the period. Increased quarterly cash distribution to $0.3701 per unit, an increase of 15% compared to the prior-year quarter. Compared with the prior-year quarter,... More