Hess Midstream Partners LP (HESM) Misses Q1 EPS by 1c, Revenues Beat

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Go back to Hess Midstream Partners LP (HESM) Misses Q1 EPS by 1c, Revenues Beat

Hess Midstream Partners LP Reports Estimated Results for the First Quarter of 2019

April 25, 2019 8:00 AM EDT

Highlights:

Acquired crude oil and gas gathering assets of Summit Midstream Partners Tioga Gathering System. Announced plans to expand natural gas processing capacity at the Tioga Gas Plant to 400 million cubic feet per day (MMcf/d), expected to be in service in mid-2021. Net income was $95.3 million. Net cash provided by operating activities was $126.1 million. Adjusted EBITDA1 was $128.3 million, of which $25.0 million was attributable to Hess Midstream Partners LP.... More