secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000950170-22-020104
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q3 net income $159.4M; raises FY 2022 guidance, volumes up 24% gas processing
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- Net income $159.4M ($0.53/share) vs $131.1M in Q3 2021; adj. EBITDA $253.6M, DCF $214.8M.
- Gas processing volumes +24% YoY, gas gathering +20%, water gathering +12%; crude oil gathering -4%.
- Raised FY2022 guidance: net income ~$630M, adj. EBITDA ~$990M, DCF ~$840M.
- Q3 distribution $0.5627/share (+1.2% QoQ); targeting 5% annual growth through 2024 with coverage >1.5x in 2022.
- Extended $1.4B credit facilities to July 2027; $5.9M remediation costs for produced water release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022020104/0000950170-22-020104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017022020104/hesm-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020104

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