secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000950170-22-013149
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q2 net income $151.8M; reaffirms 2022 guidance and 5% annual distribution growth
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- Net income attributable to Hess Midstream LP $22.0M ($0.51/share) vs $0.44 year ago.
- Adjusted EBITDA $242.6M, DCF $206.2M, distribution coverage ~1.5x.
- Reaffirmed FY2022 guidance: Adj. EBITDA $970M–$1B; 5% annual distribution growth through 2024.
- Completed $400M repurchase of 13.6M Class B units from Hess and GIP in Q2.
- Q2 volumes down 12-21% YoY due to Bakken severe weather; MVC shortfall fees partially offset.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022013149/0000950170-22-013149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022013149/hesm-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013149

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