Hess Midstream Q1 2023 Earnings Report

Hess Midstream EPS Results

• Actual EPS: $0.47
• Consensus EPS: $0.55
• Beat/Miss: Missed by -$0.08
• One Year Ago EPS: N/A

Hess Midstream Revenue Results

• Actual Revenue: $305.00 million
• Expected Revenue: $306.81 million
• Beat/Miss: Missed by -$1.81 million
• YoY Revenue Growth: N/A

Hess Midstream Announcement Details

• Quarter: Q1 2023
• Date: 4/26/2023
• Time: N/A

Hess Midstream (NYSE:HESM) owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,410 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 660 million cubic feet per day; crude oil gathering system comprises approximately 570 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 300 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; crude oil rail cars; and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.