Hess Midstream Q1 net income $159.6M ($0.50 EPS), distribution up 6.3%, repurchased $400M Class B units

Hess Midstream LP

Net income $159.6M ($0.50 basic EPS), flat YoY; Adjusted EBITDA $241.6M.
Repurchased $400M Class B units from Hess Corp and GIP in April 2022, accretive transaction.
Quarterly distribution raised to $0.5492/Class A share, up 6.3% sequentially.
Reaffirms FY2022 guidance: Adjusted EBITDA $970M-$1B, 95% revenue protected by MVCs.
Updates net income guidance to $610-640M including interest/tax from unit repurchase and equity offering.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.