Hess Midstream Partners LP (HESM) Misses Q1 EPS by 6c
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Hess Midstream LP Reports Estimated Results for the First Quarter of 2020 and Announces Updated Guidance
May 7, 2020 8:00 AM EDTFirst Quarter 2020 Highlights:
Implemented COVID-19 plans and precautions to protect the health and safety of our workforce and the communities where we operate and maintain business continuity. Net income was $129.0 million. Net cash provided by operating activities was $140.2 million. Net income attributable to Hess Midstream LP was $6.5 million, or $0.37 per Class A share after deduction for noncontrolling interests. Adjusted EBITDA1 was $195.3 million, DCF1 was $170.3 million and free cash flow1 was $138.3 million. Increased quarterly cash distribution to $0.4310 per Class... More