Hess Midstream Partners

Hess Midstream LP engages in the ownership, development, and acquisition of midstream assets to provide services to third-party crude oil and natural gas producers. It operates through the following segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment consists of natural gas and crude oil gathering and compression. The Processing and Storage segment includes the Tioga gas plant, equity investment in the Little Missouri (LM4) joint venture and mentor storage terminal. The Terminaling and Export segment consists of the Ramberg terminal facility, Tioga rail terminal, crude oil rail cars and Johnson's corner header system. The company was founded on January 1, 2014 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hess Midstream excels in 2022, eyes growth amid challenges

Hess Midstream Partners delivered strong performance in 2022, with notable volume growth and financial results. The company's focus on expansion and optimization sets the stage for continued success in 2023 and beyond.
While facing challenges in managing increased well completions and market volatility, Hess Midstream remains well-positioned to navigate these obstacles. Opportunities for growth through operational efficiencies and strategic partnerships offer promising avenues for future success.

Hess Midstream excels in Q1 earnings, eyes growth opportunities

Hess Midstream Partners' Q1 2023 performance reflects strong operational and financial results, exceeding expectations.
The company's strategic focus on growth, shareholder returns, and operational excellence positions it for future success.
Challenges include industry volatility and regulatory uncertainties, but opportunities for revenue expansion and value creation abound.
Overall, Hess Midstream's commitment to growth, financial stability, and shareholder value enhancement is evident in its Q1 performance.

Hess Midstream excels in Q2, projects strong growth ahead

Hess Midstream Partners demonstrated strong operational performance and financial discipline in Q2 2023, with robust throughput volumes and shareholder returns.
The company's strategic focus on the Bakken region, ethane recovery, and capital allocation positions it well for sustained growth and value creation.
While facing challenges in a dynamic market environment, Hess Midstream has opportunities to drive future growth through operational efficiency and shareholder-centric strategies.
Overall, Hess Midstream's solid financial results, growth projections, and commitment to shareholder returns underscore its resilience and potential for long-term success.

Hess Midstream excels in Q4 2023, eyes robust gas growth

Hess Midstream's Q4 2023 earnings call highlighted stellar performance, solid financials, and strategic growth plans. Despite challenges like weather impacts, the company remains focused on capitalizing on opportunities in gas processing and infrastructure development.

Hess Midstream Partners (HESM) excels in Q1 2024, poised for growth

HESM's strong Q1 2024 performance and financial results reflect operational excellence and strategic focus on growth and efficiency.
Despite challenges in execution and capital expenditure management, HESM's reaffirmed guidance and financial stability position the company for continued success.
The outlook for HESM in 2024 includes opportunities for revenue growth, investor appeal through distribution growth, and strategic expansion leveraging solid financial performance.

Hess Midstream Partners excels in Q2, eyes growth opportunities

Hess Midstream Partners delivered strong operational performance and shareholder returns in Q2 2024. With a focus on supporting development in the Bakken, the company maintains a solid financial position and growth outlook amidst industry challenges.

Hess Midstream exceeds Q3 targets, poised for sustainable growth

Hess Midstream Partners demonstrated robust operational performance and financial stability in Q3, exceeding production targets and maintaining strong EBITDA margins.
While facing challenges such as external market factors and capital expenditure management, the company remains focused on growth opportunities and shareholder value creation.
With a clear strategic direction, emphasis on operational efficiency, and a positive growth trajectory, Hess Midstream is well-positioned for sustained success and value generation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Hess Midstream LP engages in the ownership, development, and acquisition of midstream assets to provide services to third-party crude oil and natural gas producers. It operates through the following segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment consists of natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. The Processing and Storage segment includes the Tioga gas plant, equity investment in the Little Missouri (LM4) joint venture, and mentor storage terminal. The Terminaling and Export segment focuses on the Ramberg terminal facility, Tioga rail terminal, crude oil rail cars, and Johnson's corner header system. The company was founded in 2014 and is headquartered in Houston, TX.

American Electric Power Company

Atlantic Union Bankshares Corp

Armstrong World Industries

Brown & Brown

Community Healthcare Trust

IDACORP

Murphy USA

Mueller Water

NextEra Energy

Pinnacle West Capital

Cohen & Steers Reit And Preferred Income Fund Inc

Republic Services

SB Financial Group

Schwab US Dividend Equity ETF

S&T Bancorp

Standex

Tompkins Financial

Texas Instruments

Vanguard Real Estate ETF

Waste Connections

Waste Management

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week.

16 Upcoming Dividend Increases

Hess Midstream LP (NYSE:HESM ) Q3 2024 Results Conference Call October 30, 2024 12:00 PM ET Company Participants Jennifer Gordon - VP, IR John Gatling - President, COO Jonathan Stein - CFO Conference Call Participants Naomi Marfatia - UBS Jackie Koletas - Goldman Sachs Doug Irwin - Citi Noah Katz - JPMorgan Praneeth Satish - Wells Fargo Operator Good day, ladies and gentlemen, and welcome to the Third Quarter 2024 Hess Midstream Conference Call. My name is Gigi, and I'll be your operator for today.

Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported third quarter 2024 net income of $164.7 million compared with net income of $164.8 million for the third quarter of 2023. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $58.6 million, or $0.63 basic earnings per Class A share, compared with $0.57 basic earnings per Class A share in the third quarter of 2023. Hess Midstream generated Adjusted EB.

Hess Midstream LP Reports Estimated Results for the Third Quarter of 2024

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE.

Hess Midstream LP Announces Distribution Per Share Level Increase

American Assets

Agree Realty

Broadstone Net Lease

Chevron

Hess

Innovative Industrial Properties

LyondellBasell Industries

Realty Income Corp

Pfizer

W. P. Carey

Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividend safety, growth and consistency, highlighting 5 that come with some of the highest yields. This month, we have 3 familiar names that make the screening regularly, but we also have 2 new names that we haven't touched on previously.

October's 5 Dividend Growth Stocks With 5.10%+ Yields

Enterprise Products Partners

MPLX

Geopolitical tensions hike oil prices, positioning midstream firms like EPD, MPLX and HESM to benefit from increased production and higher demand for transport and storage.

3 Midstream Stocks Poised to Benefit as Geopolitical Tensions Rise

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP SCHEDULES EARNINGS RELEASE CONFERENCE CALL.

Hess Midstream LP Schedules Earnings Release Conference Call

Antero Midstream Partners

CrossAmerica Partners

Cheniere Energy Partners

Delek Logistics Partners

DT Midstream

Enbridge

EnLink Midstream

Energy Transfer LP Unit

Genesis Energy

Global Partners

Kinder Morgan

Kinetik Holdings

Martin Midstream Partners

ONEOK

Plains All American Pipeline

Plains GP Hlds

Pembina Pipeline

Targa Resources

TC Energy

Ultrapar Participacoes S.A.

Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of a quality matrix with factors including valuation, profitability, growth, leverage, yield, and yield coverage. Based on this review, I recommend those investors who are interested in midstream energy first consider the five highest quality midstreams: HESM, WES, EPD, ET, and KNTK.

Midstream Energy - Relative Quality

Mach Natural Resources LP

USA Compression Partners

24/7 Wall St. Insights Weaker demand in the United States and China and rising supply have hit oil pricing.

Oil Near 18-Month Low and Ultra-High-Yield Energy MLPs Are On Sale

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES PRICING OF UPSIZED SECONDARY PUBLIC OFFERING OF CLASS A SHARES.

Hess Midstream LP Announces Pricing of Upsized Secondary Public Offering of Class A Shares

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Secondary Public Offering of Class A Shares.

Hess Midstream LP Announces Secondary Public Offering of Class A Shares

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES SIGNING OF ACCRETIVE $100 MILLION SPONSOR UNIT REPURCHASE.

Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN BARCLAYS CEO ENERGY-POWER CONFERENCE.

Hess Midstream LP to Participate in Barclays CEO Energy-Power Conference

Flex Lng Ltd

Ship Finance

Three energy stocks may achieve significant breakthroughs in 2024 based on their robust financial health and strategic advantages. This article highlights three energy stocks with strong fundamentals, making them prime candidates for such breakthroughs.

3 Energy Stocks Positioned for Major Breakthroughs in 2024

Hess Midstream LP. (NYSE:HESM ) Q2 2024 Earnings Conference Call July 31, 2024 12:00 PM ET Company Participants Jennifer Gordon - VP, IR John Gatling - President, COO Jonathan Stein - CFO Conference Call Participants Doug Irwin - Citi John Mackay - Goldman Sachs & Company Naomi Marfatia - UBS Praneeth Satish - Wells Fargo Operator Good day, ladies and gentlemen.

Hess Midstream LP (HESM) Q2 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported second quarter 2024 net income of $160.3 million compared with net income of $147.9 million for the second quarter of 2023. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $49.5 million, or $0.59 basic earnings per Class A share, compared with $0.50 basic earnings per Class A share in the second quarter of 2023. Hess Midstream generated Adjusted.

Hess Midstream LP Reports Estimated Results for the Second Quarter of 2024

Casey's General Stores

California Water Service Group

Matson

Morgan Stanley

National Retail Properties

This week has seven new dividend increases, including a dividend king. My investment strategy involves buying companies with consistent dividend growth and beating benchmarks. Tables and charts feature data sourced from U.S. Dividend Champions and NASDAQ.  Companies must have at least 5 years of dividend growth history to be included.

7 Upcoming Dividend Increases Including A King

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN AUGUST INVESTOR CONFERENCES.

Hess Midstream LP to Participate in August Investor Conferences

Broadcom

American Express

Bank of America

Carlisle Companies

Cintas Corp

Dick's Sporting Goods

Comfort Systems USA

Hartford Financial Services Group

Hamilton Lane

Eli Lilly

Microsoft

NRG Energy

NetApp

Owens Corning

QUALCOMM

Tetra Tech

Wingstop

This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.

Our Top 10 Dividend Growth Stocks: July 2024

The overall pace of increases is also notable, with a five-year compound annual dividend growth rate of 11.4%.

This Company Has Increased Dividend Every Quarter Since 2017, Yields 6.8%

Here is how Hess Midstream Partners LP (HESM) and Kunlun Energy (KLYCY) have performed compared to their sector so far this year.

Is Hess Midstream Partners (HESM) Stock Outpacing Its Oils-Energy Peers This Year?

24/7 Insights Recent reports have indicated hedge funds are the most underweighted to energy in years.

6 Ultra-High Yield Energy MLPs to Buy Now and One Yields Over 15%

News for Hess Midstream Partners Stock (HESM)