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Hess Midstream Lp  (HESM)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $35.1800 $-0.12 -0.340%
Day's High: $35.88 Week Perf: -0.9 %
Day's Low: $ 35.05 30 Day Perf: 7.52 %
Volume (M): 4,140 52 Wk High: $ 35.95
Volume (M$): $ 145,656 52 Wk Avg: $30.53
Open: $35.24 52 Wk Low: $25.97



 Market Capitalization (Millions $) 2,199
 Shares Outstanding (Millions) 63
 Employees -
 Revenues (TTM) (Millions $) 1,307
 Net Income (TTM) (Millions $) 605
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 222

Hess Midstream Lp
Hess Midstream LP is a master limited partnership that operates midstream infrastructure assets in the United States. They primarily focus on gathering, processing, and transporting natural gas and crude oil. Their assets include pipelines, storage facilities, and processing plants located primarily in the Bakken shale region of North Dakota. The company is a subsidiary of Hess Corporation, a global energy company, and they work closely together to support the efficient and safe transportation of energy resources. Hess Midstream LP is committed to sustainable practices and reducing their environmental impact in the communities they operate in.


   Company Address: 1501 McKinney Street Houston 77010 TX
   Company Phone Number: 496-4200   Stock Exchange / Ticker: NYSE HESM
   


   

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Business Update

Unlocking the Potential: Hess Midstream's Strategy for Growth and Sustainability

Published Wed, Jan 31 2024 1:05 PM UTC

Hess Midstream LP Announces Growth Strategy and Return of Capital ProgramHOUSTON - Hess Midstream LP (NYSE: HESM) has revealed its financial and operational outlook, along with an extended Return of Capital Program through 2026. The company aims to capitalize on the increasing volumes in the Bakken region and remains committed to strategic investments.John Gatling, President...

Hess Midstream Lp

Hess Midstream Lp Navigates Industry Challenges to Show Revenue Growth Amidst Minor Income Dip in Q2 2023



In the face of ongoing challenges facing the Oil and Gas Production industries, Hess Midstream Lp (HESM) has emerged as a formidable player, posting favorable financial results in its second-quarter report for 2023. While revenue witnessed a healthy growth of 3.382% to $324.00 million in comparison to the previous year, earnings per share experienced a minor decline of -1.96% to $0.50.
Steady Revenue Growth:
Amidst an overall downtrend in the industry, Hess Midstream Lp's ability to generate a 3.382% increase in revenue to $324.00 million in the second quarter of 2023 greatly positions the company as a standout performer. In contrast, the previous reporting season witnessed revenue of $305.00 million, showcasing a consistent improvement in the company's financial performance.

Hess Midstream Lp

Hess Midstream Lp Faces Challenging Fiscal Quarter, Struggles to Maintain Growth Amidst January to March 31, 2023

Hess Midstream Lp is a company that provides midstream services for oil and gas producers. Unfortunately, the company's latest earnings report for the fiscal first quarter of 2023 showed disappointing results compared to the same period of the previous year. Earnings per share (EPS) deteriorated by -6 percent to $0.47 from $0.50, and revenue decreased by -2.369 percent to $305.00 million year on year.
The results are also less impressive compared to the previous financial reporting period, where the company's profitability was $0.35 per share, and revenue decreased by -3.051 percent to $314.60 million. The net profits in the fiscal first quarter of 2023 fell by -10.9 percent to $142.200 million compared to the corresponding period a year before.






 

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