Hess Midstream Partners LP (HESM) Reports In-Line Q2 EPS

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Go back to Hess Midstream Partners LP (HESM) Reports In-Line Q2 EPS

Hess Midstream LP Reports Estimated Results for the Second Quarter Of 2022

July 27, 2022 8:00 AM EDT

Second Quarter 2022 Highlights:

Completed a previously announced repurchase of an aggregate 13,559,322 Class B units of Hess Midstream Operations LP from Hess Corporation and Global Infrastructure Partners for $400.0 million. Net income was $151.8 million. Net cash provided by operating activities was $213.2 million. Net income attributable to Hess Midstream LP was $22.0 million, or $0.51 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $242.6 million, Distributable Cash Flow1 was $206.2 million and Adjusted Free Cash Flow1 was $135.7... More