secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0000950170-23-001142
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q4 net income falls to $149.8M, distributable cash flow $202.6M, quarterly distribution raised 1.2%
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- Net income $149.8M vs $165.1M in Q4 2021; EPS $0.49 vs $0.51 year ago.
- Adjusted EBITDA $245.1M, DCF $202.6M, Adjusted Free Cash Flow $144.1M.
- Revenue $314.6M; crude gathering volumes down 12% YoY, water gathering up 7%.
- Quarterly distribution raised to $0.5696 per share, 1.2% QoQ increase; targeting 5% annual growth.
- 2023 guidance to be issued separately on Jan 25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023001142/0000950170-23-001142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023001142/hesm-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001142

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