secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118597
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream Q3 2024 net income $164.7M, EPS $0.63; distribution increased to $0.6846/share
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- Net income $164.7M, EPS $0.63 (vs $0.57 YoY); adjusted EBITDA $286.9M, adjusted free cash flow $141.4M.
- Throughput volumes +9% for gas gathering and processing vs Q3 2023; water gathering volumes +29% YoY.
- Completed $100M accretive repurchase of Class B units in Sept 2024; increased cash distribution to $0.6846/share (+$0.0169 QoQ).
- Q4 2024 guidance: net income $170-185M, adjusted EBITDA $295-310M; reaffirming full-year throughput guidance.
- Targets at least 5% annual distribution growth through 2026; expects >$1.25B financial flexibility through 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024118597/0000950170-24-118597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017024118597/hesm-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118597

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