secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000950170-24-047927
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q1 net income $161.9M, EPS $0.60; increases distribution to $0.6516/share
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- Net income $161.9M; attributable to HESM $44.6M ($0.60 basic EPS) vs $0.47 in Q1 2023.
- Adjusted EBITDA $275.8M, Adjusted Free Cash Flow $194.2M; reaffirmed FY2024 EBITDA guidance $1.125–1.175B.
- Throughput volumes up YoY: gas processing +16%, oil terminaling +13%, water gathering +47%.
- Increased quarterly distribution to $0.6516/share (~2.7% QoQ); targets at least 5% annual growth through 2026.
- Completed $100M repurchase of Class B units in March 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024047927/0000950170-24-047927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024047927/hesm-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-047927

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