Hess Midstream Partners LP (HESM) Misses Q1 EPS by 2c

Hess Midstream Partners LP (NYSE: HESM) reported Q1 EPS of $0.47, $0.02 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $305 million versus the consensus estimate of $302.61 million.

Guidance

Hess Midstream continues to target at least 5% annual distribution growth per Class A share through 2025 from this new higher level with expected annual distribution coverage of at least 1.4x and continues to prioritize financial strength with a long-term leverage target of 3x Adjusted EBITDA. For 2024 and 2025, Hess Midstream continues to expect organic throughput volume growth across all systems relative to 2023 volume guidance.

Hess Midstream is reaffirming its full year 2023 guidance .

For earnings history and earnings-related data on Hess Midstream Partners LP (HESM) click here.

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