secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000950170-25-010217
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 $70.4M ($0.68 EPS), distribution raised to $0.7012/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000095017025010217/0000950170-25-010217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000095017025010217/hesm-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-010217

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