Hess Midstream Partners LP (HESM) Misses Q3 EPS by 3c ; Provides Outlook

Hess Midstream Partners LP (NYSE: HESM) reported Q3 EPS of $0.63, $0.03 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $378.5 million versus the consensus estimate of $377.23 million.

Guidance

For the fourth quarter of 2024, Hess Midstream expects net income of $170 - $185 million and Adjusted EBITDA of $295 - $310 million, implying full year expected net income of $655 - $670 million and Adjusted EBITDA of $1,135 - $1,150 million. The approximate 5% increase in Adjusted EBITDA, at the midpoint, in the fourth quarter of 2024 compared with the third quarter of 2024 is supported by growing throughput volumes, partially offset by volume impacts from power losses due to the October 2024 wildfires, higher expected operating expenses from continuing an active maintenance program and higher anticipated allocations under our omnibus and employee secondment agreements.

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

You May Also Be Interested In

• Citrini flags overheating concerns as leverage, chip rally weigh on KOSPI
• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• US sanctions Cuban military bank and mining company