secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0000950170-22-000489
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q4 net income $165M; guides 2022 Adj EBITDA $970M-$1B, extends 5% distribution growth through 2024
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- Net income Q4 2021 $165.1M (up from $132.3M Q4 2020); attributable to HESM $16.9M or $0.51 per share.
- Adjusted EBITDA $246.6M, DCF $215.0M; 2022 guidance: Adj EBITDA $970M-$1,000M, DCF $840M-$870M.
- Declared Q4 distribution $0.5167/share, 5% annual growth target extended through 2024 with >1.4x coverage.
- MVCs for 2024 established with 95% revenue protection for 2022; leverage expected ~2.6x in 2022.
- Gas gathering volumes up 4% YoY; crude oil gathering down 18% due to reduced drilling activity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022000489/0000950170-22-000489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022000489/hesm-20220126.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-000489

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