Hess Midstream Partners LP (HESM) Misses Q4 EPS by 5c

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

January 25, 2023 7:50 AM EST

Fourth Quarter 2022 Highlights:

Net income was $149.8 million. Net cash provided by operating activities was $222.6 million. Net income attributable to Hess Midstream LP was $21.8 million, or $0.49 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $245.1 million, Distributable Cash Flow1 was $202.6 million and Adjusted Free Cash Flow1 was $144.1 million.

HOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (Hess Midstream) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth quarter of... More