Hess Midstream Partners LP (HESM) Misses Q1 EPS by 6c

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Go back to Hess Midstream Partners LP (HESM) Misses Q1 EPS by 6c

Hess Midstream LP Reports Estimated Results for the First Quarter of 2020 and Announces Updated Guidance

May 7, 2020 8:00 AM EDT

First 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