UPDATE: Hess Midstream Partners LP (HESM) Misses Q2 EPS by 7c, Revenues Beat

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Go back to UPDATE: Hess Midstream Partners LP (HESM) Misses Q2 EPS by 7c, Revenues Beat

Hess Midstream LP Reports Estimated Results for the Fourth Quarter Of 2019

January 29, 2020 8:00 AM EST

Highlights:

Completed previously announced acquisition of Hess Infrastructure Partners LP, incentive distribution rights simplification and conversion to an Up-C corporate structure. Net income was $75.1 million, or $0.28 per Class A share after deduction for noncontrolling interests. Net cash provided by operating activities was $136.3 million. Adjusted EBITDA1 was $158.4 million, excluding impacts from transaction costs of $26.2 million. DCF1 was $140.1 million. Increased quarterly cash distribution to $0.4258 per Class A share, an increase of 15% compared to the prior-year quarter and a 1.2x coverage ratio relative to... More