secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055003
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 $164.8M, raises FY23 guidance, distribution up 2.7% to $0.6175
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- Q3 net income $164.8M ($0.57 basic EPS); Adjusted EBITDA $271.0M; DCF $224.1M (1.6x coverage).
- Quarterly distribution raised to $0.6175/share (+2.7% QoQ), payable Nov 14, record Nov 2.
- FY 2023 guidance raised: net income ~$615M, Adjusted EBITDA ~$1.03B; gas gathering ~380 MMcf/d.
- Completed $100M accretive repurchase of Class B units in September, third such transaction in 2023.
- Chevron to acquire Hess' 37.8% stake in HESM; contract structure unchanged; conference call postponed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023055003/0000950170-23-055003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017023055003/hesm-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055003

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