secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014571
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q1 net income $142.2M, EPS $0.47; raises distribution 2.7% QoQ
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- Net income attributable to Hess Midstream LP $20.7M ($0.47 basic EPS) vs $0.50 in Q1 2022.
- Adjusted EBITDA $239.0M, DCF $196.6M, distribution coverage ~1.4x.
- Quarterly distribution increased to $0.5851/Class A share, up 2.7% QoQ; payable May 12, 2023.
- Completed $100M repurchase of Class B units in March 2023.
- Reaffirmed FY2023 guidance: Adj. EBITDA $990M-$1,030M, DCF $815M-$855M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023014571/0000950170-23-014571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023014571/hesm-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014571

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