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Hess Midstream LP - $HESM STOCK NEWS

Welcome to our dedicated page for Hess Midstream LP news (Ticker: $HESM), a resource for investors and traders seeking the latest updates and insights on Hess Midstream LP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hess Midstream LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Hess Midstream Operations LP, a subsidiary of Hess Midstream LP, has priced $600 million senior unsecured notes due 2029 in a private offering, an increase from the initially announced $500 million. The proceeds will be used to reduce debt and for general corporate purposes. The offering is expected to close on May 16, 2024.

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Rhea-AI Summary

Hess Midstream Operations LP, a subsidiary of Hess Midstream LP, announced a private offering of $500 million senior unsecured notes due 2029. The proceeds will be used to reduce outstanding debt and for general corporate purposes.

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Hess Midstream LP (NYSE: HESM) will attend investor conferences with key executives in May 2024 and has shared a presentation on their website.

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1.34%
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Rhea-AI Summary
Hess Midstream LP reported strong first-quarter 2024 results with increased throughput volumes for gas processing, oil terminaling, and water gathering. Net income was $161.9 million, with Adjusted EBITDA of $275.8 million. Quarterly cash distribution increased by 2.7% to $0.6516 per Class A share. The company reaffirmed its 2024 guidance and aims for at least 5% annual distribution growth through 2026.
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Hess Midstream LP (NYSE: HESM) has announced an increase in its quarterly cash distribution to $0.6516 per Class A share for the quarter ending March 31, 2024, reflecting a 2.7% rise from the previous quarter. The company aims for a 5% annual growth in distributions per Class A share through 2026, with a total increase of approximately 45% since the first quarter of 2021.
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-0.79%
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Hess Midstream LP (HESM) schedules a conference call to discuss first quarter 2024 earnings release.
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Hess Midstream LP (HESM) announced a $100 million unit repurchase agreement to reduce total unit count by over 20%, prioritizing shareholder returns and a strong balance sheet. The transaction is expected to provide immediate accretion to shareholders and increase distributable cash flow per Class A share, supporting potential incremental distribution growth above 5% through 2026.
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0.62%
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Hess Midstream LP (HESM) filed its annual report on Form 10-K for the fiscal year ended December 31, 2023, with the SEC. Shareholders can access the report on the company's website and request printed copies for free.
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1.61%
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Hess Midstream LP (HESM) CFO and VP to attend investor conferences in March 2024, presentation to be available online.
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-0.56%
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conferences
Rhea-AI Summary
Hess Midstream LP (HESM) announced the pricing of an underwritten public offering of 10,000,000 Class A shares, resulting in gross proceeds of $331 million. The Selling Shareholder granted the underwriter a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale. The offering is expected to close on February 8, 2024. The Class A shares are being offered and will be sold pursuant to an effective shelf registration statement previously filed with the SEC.
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-3.95%
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Hess Midstream LP

NYSE:HESM

HESM Rankings

HESM Stock Data

2.80B
77.82M
1.45%
78.37%
5.46%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
United States of America
HOUSTON

About HESM

hess midstream partners lp focuses on processing natural gas and fractionating natural gas liquids (ngls) in the united states. it also intends to engage in terminaling and loading crude oil and ngls; transporting crude oil through rail cars; and storing and terminaling propane. hess midstream partners gp llc is the general partner of the company. the company was founded in 2014 and is based in houston, texas