secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000950170-24-009150
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024009150/0000950170-24-009150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024009150/hesm-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009150

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