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) declared a quarterly cash distribution of $0.4526 per Class A share for Q1 2021. This reflects a 1.2% increase from the previous quarter, translating to a 5% annual growth. The distribution will be payable on May 13, 2021 to shareholders on record as of May 3, 2021. Hess Midstream focuses on providing fee-based services through its diverse midstream assets in the Bakken and Three Forks Shale plays in North Dakota.
Hess Midstream LP (NYSE: HESM) will conduct a conference call on April 28, 2021, at 12:00 p.m. ET to discuss its first quarter 2021 earnings. Participants can dial in or access a webcast available on Hess Midstream's website. A replay of the call will be available until May 13, 2021. Hess Midstream specializes in fee-based midstream services, focusing on oil, gas, and produced water handling assets, primarily in North Dakota's Bakken and Three Forks Shale plays. Further details can be found on their official website.
Hess Midstream (NYSE: HESM) announced that CFO Jonathan Stein and VP of Investor Relations Jennifer Gordon will meet with investors on March 24, 2021, at the Scotia Howard Weil Energy Conference. The company has released a presentation available in the 'Investors' section of its website. Hess Midstream focuses on providing fee-based midstream services, owning and operating assets primarily in the Bakken and Three Forks Shale plays in North Dakota.
Hess Midstream LP (NYSE: HESM) announced the pricing of a public offering of 6,000,000 Class A shares at $21.00 each, aiming for gross proceeds of approximately $126 million. The offering, set to close on March 15, 2021, is conducted by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners. HESM will not receive proceeds from this sale. Additionally, underwriters have a 30-day option to purchase 900,000 more shares. The company specializes in midstream services, focusing on oil and gas assets in North Dakota's Bakken and Three Forks Shale plays.
Hess Midstream LP (NYSE: HESM) announced an underwritten public offering of 6,000,000 Class A shares by Hess Corporation and an affiliate of Global Infrastructure Partners. The underwriters have a 30-day option to purchase an additional 900,000 shares. HESM will not receive any proceeds from this offering. Goldman Sachs & Co. LLC and Citigroup are the joint bookrunning managers. The offering is made under a previously filed effective shelf registration statement with the SEC. This release does not constitute an offer or solicitation for the securities.
Hess Midstream LP (NYSE: HESM) filed its annual report on Form 10-K with the SEC for the fiscal year ending December 31, 2020, on February 22, 2021. The report is accessible on Hess Midstream’s website under the “Investors” section. Shareholders can request printed copies of the report, which includes complete audited financial statements, via email.
As a fee-based, growth-oriented midstream company, Hess Midstream operates diverse assets providing services primarily in North Dakota's Bakken and Three Forks Shale plays.
Hess Midstream LP (NYSE: HESM) has announced that its Chief Financial Officer Jonathan Stein and Vice President of Investor Relations Jennifer Gordon will engage with investors on February 24, 2021, at the Barclays Midstream and Clean Infrastructure Corporate Access Day. A detailed presentation is scheduled to be available on the Hess Midstream website. The company specializes in fee-based midstream services primarily in the Bakken and Three Forks Shale plays in North Dakota.
Hess Midstream LP (NYSE: HESM) reported a strong fourth quarter 2020 with net income of $132.3 million, up from $75.1 million in Q4 2019. Net income attributable to Hess Midstream was $6.6 million ($0.36 per Class A share). The company generated Adjusted EBITDA of $199.1 million and Distributable Cash Flow of $176.8 million, with an impressive distribution coverage ratio of approximately 1.4x. Revenues increased to $266.5 million, while total expenses decreased to $111.8 million, largely due to lower administrative costs. An increase in capital flexibility and business expansion is expected in 2021.
Hess Midstream LP (NYSE: HESM) declared a quarterly cash distribution of $0.4471 per Class A share for Q4 2020. This reflects a 1.2% increase from the previous quarter and a 5% annualized growth. The distribution is set for payment on February 12, 2021, to shareholders on record by February 4, 2021. Hess Midstream operates fee-based midstream services in the Bakken and Three Forks Shale regions in North Dakota, focusing on oil, gas, and produced water handling assets.
Hess Midstream LP (NYSE: HESM) has outlined its 2021 financial guidance and capital budget. The company anticipates full-year net income between $590 million and $620 million, with Adjusted EBITDA expected between $860 million and $890 million. Distributable Cash Flow is projected to range from $750 million to $780 million, resulting in a coverage ratio of at least 1.4x. Hess Midstream expects to generate Adjusted Free Cash Flow between $610 million and $640 million and plans to grow distributions by at least 5%. Average gas gathering volumes are projected at 285 to 295 MMcf/d.
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