secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000950170-23-034561
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q2 net income $147.9M, raises FY2023 EBITDA guidance to $1.0-1.03B
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- Net income $147.9M ($0.50/Class A share) vs $151.8M ($0.51) in Q2 2022; Adjusted EBITDA $248.1M.
- Quarterly distribution raised to $0.6011/share (+2.7% QoQ); payable Aug 14, 2023 to holders of record Aug 3.
- Completed $100M repurchase of Class B units in June 2023, second such buyback in 2023.
- FY2023 guidance raised: net income $595-625M, Adjusted EBITDA $1,000-1,030M, DCF $820-850M.
- Throughput volumes up YoY: gas processing +23%, gas gathering +19%, water gathering +34%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023034561/0000950170-23-034561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023034561/hesm-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-034561

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