secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000950170-24-088248
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q2 net income $160.3M, raises 2024 gas throughput guidance
-------------------------------------------------------------------------

- Q2 net income $160.3M ($0.59 diluted EPS); adjusted EBITDA $276.5M, adj. free cash flow $156.4M.
- Gas gathering volumes +19% YoY, gas processing +17%, crude oil terminaling +17%, water gathering +43%.
- Quarterly distribution increased to $0.6677/Class A share, up $0.0161 from Q1 2024.
- Full-year 2024 net income guidance raised to $650-700M; reiterates adj. EBITDA $1,125-1,175M.
- Completed $100M accretive repurchase of Class B units in June 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024088248/0000950170-24-088248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024088248/hesm-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088248

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