secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0000950170-21-002338
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q3 net income $131.1M, raises FY2021 EBITDA guidance to $895-905M
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- Net income $131.1M; attributable $9.9M ($0.39/share). Adjusted EBITDA $205.0M, DCF $171.5M, Adjusted FCF $119.8M.
- Repurchased 31.25M Class B units from Hess and GIP for $750M, funded by 4.25% senior notes due 2030.
- Raised FY2021 net income guidance to $605-615M and Adjusted EBITDA to $895-905M.
- Q3 distribution $0.5104/share (+1.2% QoQ); reaffirms ≥5% annual growth through 2023.
- Gas processing volumes down 4% YoY due to Tioga Gas Plant turnaround; crude oil gathering down 23%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017021002338/0000950170-21-002338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017021002338/hesm-20211027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002338

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer