Welcome to our dedicated page for Hess Midstream P news (Ticker: HESM), a resource for investors and traders seeking the latest updates and insights on Hess Midstream P stock.
Overview of Hess Midstream Partners
Hess Midstream Partners (symbol: HESM) is a diversified operator in the midstream energy sector, focusing on processing natural gas, fractionating natural gas liquids (NGLs), and managing an array of asset operations. With a strong presence in natural gas processing, NGL fractionation, and midstream asset management, the company provides fee-based services for both its primary client, Hess, and various third-party customers. This comprehensive approach positions Hess Midstream as a key participant within the broader energy infrastructure landscape.
Business Operations and Model
The company’s business is structured around multiple segments that work synergistically to support its core operations. Its gathering segment includes natural gas gathering and compression, crude oil gathering, and the management of produced water gathering and disposal. These activities ensure that raw materials are efficiently collected and prepared for further processing, marking a critical foundation for its fee-based revenue model.
Processing, Storage and Terminaling
Hess Midstream Partners also places significant emphasis on processing and storage operations. The facility for processing natural gas and fractionating NGLs is central to its service offering, providing reliable and efficient operations that are essential for maintaining industry standards. In addition, its terminaling and exporting segment extends its service capabilities to include the loading and terminaling of crude oil, along with the storage and terminaling of propane, illustrating a well-rounded approach to midstream service provision.
Operational Excellence and Expertise
The company has developed extensive expertise in managing midstream assets, enabling it to support complex energy logistics and asset operations. Its fee-based service model reduces dependence on commodity price fluctuations and emphasizes operational efficiency and reliability. By focusing on core midstream services, Hess Midstream Partners has established a robust operational infrastructure designed to ensure safe, efficient, and compliant management of energy assets.
Market Position and Competitive Landscape
Within the competitive midstream energy landscape, Hess Midstream Partners is recognized for its dedication to service excellence and operational rigor. Rather than emphasizing speculative future performance, the company maintains a consistent business model built on diversified asset management and a focus on fee-based revenue streams. This strategic emphasis allows the company to navigate industry challenges with a clear, operationally driven approach that supports its long-term viability.
Key Operational Segments
- Gathering: Involves the collection and compression of natural gas and crude oil along with associated produced water management.
- Processing and Storage: Centers on the processing of natural gas and the fractionation of NGLs, coupled with robust storage solutions.
- Terminaling and Exporting: Focuses on loading crude oil and NGLs, along with storing and terminaling propane.
Understanding the Midstream Infrastructure
This detailed exploration of Hess Midstream Partners underscores a strong focus on operational efficiency and comprehensive infrastructure management. Using a diversified set of assets, the company addresses key needs within the midstream sector, aligning with industry best practices and delivering consistent operations. The clear organization of its business segments also assists industry analysts and researchers in understanding the multifaceted nature of midstream services.
Investor and Industry Insights
For investors and industry professionals, understanding the intricacies of Hess Midstream Partners is crucial. The company’s operations, which combine gathering, processing, storage, and terminaling, contribute to a resilient business model that minimizes exposure to commodity price volatility. Each business segment is designed to add value through efficient, fee-based services that underpin the company’s market standing in the energy infrastructure domain.
Hess Midstream LP (NYSE: HESM) announced a quarterly cash distribution of
Hess Midstream LP (NYSE: HESM) announced a conference call on
Hess Midstream LP (NYSE: HESM) announced that CFO Jonathan Stein and VP of Investor Relations Jennifer Gordon will engage with investors at two upcoming events: the Goldman Sachs Global Energy and Clean Technology Conference on January 6, 2022, and the UBS Winter Infrastructure and Energy Conference on January 11-12, 2022. A presentation is available on the Hess Midstream website, highlighting its role as a fee-based midstream company operating primarily in North Dakota's Bakken and Three Forks Shale plays.
Hess Midstream LP (NYSE: HESM) will participate in the Wells Fargo Midstream, Utility & Renewables Symposium on December 8, 2021. Key executives, including CFO Jonathan Stein and VP of Investor Relations Jennifer Gordon, will be present to engage with investors. A presentation related to this event is available on Hess Midstream’s website. The company focuses on fee-based growth through ownership and operation of midstream assets primarily in the Bakken and Three Forks Shale plays in North Dakota, providing services to Hess and third-party clients.
Hess Midstream LP reported third quarter 2021 net income of $131.1 million, a rise from $115.8 million in Q3 2020. Adjusted EBITDA reached $205.0 million, while distributable cash flow (DCF) was $171.5 million. The company successfully completed a maintenance turnaround at the Tioga Gas Plant, leading to an increase in full-year 2021 net income guidance to $605-$615 million. It declared a quarterly cash distribution of $0.5104 per Class A share, reflecting a 1.2% increase over the previous quarter.
Hess Midstream LP (NYSE: HESM) announced a quarterly cash distribution of $0.5104 per Class A share for the quarter ending September 30, 2021. This marks a 1.2% increase from the previous quarter, translating to a 5% annualized increase. The distribution payment is scheduled for November 12, 2021, to shareholders on record as of November 4, 2021.
Hess Midstream focuses on operating, developing, and acquiring midstream assets in the Bakken and Three Forks Shale plays in the Williston Basin, North Dakota.
Hess Midstream LP (NYSE: HESM) will hold a conference call on October 27, 2021, at 12:00 p.m. Eastern Time to discuss its third quarter 2021 earnings. To participate, U.S. callers can dial 866-395-9624 and enter passcode 5876316. International participants can call 213-660-0871. The call will be accessible via webcast on Hess Midstream’s website.
A replay will be available from October 27 through November 11, 2021, using the same passcode.
Hess Midstream LP (NYSE: HESM) announced the upsizing of its public offering to 7,500,000 Class A shares, priced at $26.00 each, resulting in expected gross proceeds of approximately $195 million. The offering, led by Hess Corporation and Global Infrastructure Partners, includes a 30-day option for underwriters to purchase an additional 1,125,000 shares. The offering is set to close on October 8, 2021. HESM will not receive any proceeds from this sale.
Hess Midstream LP (NYSE: HESM) has announced a public offering of 6,000,000 Class A shares managed by Hess Corporation's subsidiary and Global Infrastructure Partners. The underwriters are granted a 30-day option for an additional 900,000 shares. HESM will not receive proceeds from this offering. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are the joint bookrunning managers for the sale. The offering is subject to SEC regulations and will be conducted through an effective shelf registration statement.
Hess Midstream LP (NYSE: HESM) has announced that Jonathan Stein, CFO, and Jennifer Gordon, VP of Investor Relations, will meet investors on August 19, 2021, at the Citi Midstream and Energy Infrastructure Conference. A detailed presentation is available in the Investors section of Hess Midstream's website. The company operates in the Bakken and Three Forks Shale plays in North Dakota, focusing on fee-based midstream services for Hess and third-party clients. Forward-looking statements are included, with a reminder of inherent risks that could impact outcomes.
FAQ
What is the current stock price of Hess Midstream P (HESM)?
What is the market cap of Hess Midstream P (HESM)?
What is the core business of Hess Midstream Partners?
How does Hess Midstream generate revenue?
What are the main operating segments of the company?
How does the gathering segment contribute to the company's operations?
What types of fee-based services does the company offer?
How is Hess Midstream positioned within the midstream energy sector?
In what ways does the company ensure operational efficiency?
How does Hess Midstream Partners handle crude oil and natural gas liquids?
