earnings
confidence high
sentiment positive
materiality 0.75
Hess Midstream Q4 net income $70.4M ($0.68 EPS), distribution raised to $0.7012/share
Hess Midstream LP
- Net income attributable $70.4M ($0.68 basic EPS) vs $0.55 in Q4 2023; adjusted EBITDA $298.2M.
- Throughput volumes up 15-16% YoY for gas gathering/processing, 11% crude gathering, 6% terminaling.
- Quarterly distribution raised to $0.7012/share (+$0.0166 vs Q3 2024); paid Feb 14, 2025.
- Completed accretive $100M repurchase of Class B units in Jan 2025, supporting distribution growth.
- Full year 2024 adjusted EBITDA $1,136.1M; leverage 3.1x; Q4 capex $84.3M.