Hess Midstream Q4 net income $152.8M; adj EBITDA $264.1M; distribution raised 2.7% sequentially

Hess Midstream LP

Net income attributable to Hess Midstream $37.5M ($0.55 EPS) vs $0.49 YoY; revenue $356.5M (+13% YoY).
Adjusted EBITDA $264.1M; Adjusted Free Cash Flow $146.6M; net cash from ops $247.6M.
Gas processing throughput +24%, oil terminaling +19%, water gathering +47% vs prior-year quarter.
Increased Q4 cash distribution to $0.6343/Class A share (+2.7% vs Q3 2023), targeting ≥5% annual growth through 2025.
Completed $100M repurchase of Class B units in Nov 2023; FY 2023 full-year adj EBITDA $1,022.2M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hess Midstream LP reported the fourth quarter of 2023 results: revenue $356.5 million, net income $152.8 million, EPS $0.55 basic earnings per Class A share.

Period: the fourth quarter of 2023
Revenue: $356.5 million
Net income: $152.8 million
EPS: $0.55 basic earnings per Class A share
Result: reported results

Exact text from the filing

these non‐GAAP measures to GAAP reporting measures appear in the following pages of this release. Financial Results Revenues and other income in the fourth quarter of 2023 were $356.5 million compared with $314.6 million in the prior-year quarter. Fourth quarter 2023 revenues included $21.7 million of pass-through electricity, produced water trucking and disposal

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Hess Midstream LP filing history →

Source: SEC EDGAR

accession 0000950170-24-009150

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.