Hess Midstream Partners LP (HESM) Tops Q1 EPS by 1c, Revenues Miss

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

Hess Midstream LP Reports Estimated Results for the First Quarter Of 2021

April 28, 2021 8:00 AM EDT

First Quarter 2021 Highlights:

Net income was $159.6 million. Net cash provided by operating activities was $165.4 million. Net income attributable to Hess Midstream LP was $8.6 million, or $0.45 per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $226.7 million, Distributable Cash Flow1 was $204.6 million and Adjusted Free Cash Flow1 was $182.2 million. Increased quarterly cash distribution to $0.4526 per Class A share, an increase of 1.2% compared with the fourth quarter of 2020 and 5% on an annualized basis, resulting in a 1.6x coverage ratio relative to... More