secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000950170-22-006275
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022006275/0000950170-22-006275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022006275/hesm-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-006275

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