Reports Q1 revenue $390.1M, consensus $389.51M. “In the first quarter, we continued to execute on our operational priorities and delivered on our financial strategy,” said Jonathan Stein, Chief Executive Officer of Hess Midstream. “We are focused on safe, reliable and efficient execution, and have lowered our expected capital spend for the year, supporting additional Adjusted Free Cash Flow for continued shareholder returns and debt repayment.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HESM:
- HESM Earnings this Week: How Will it Perform?
- Hess Midstream LP raises quarterly dividend to 77.9c per share from 76.4c
- Hess Midstream LP downgraded to Sell from Neutral at Goldman Sachs
- Hess Midstream LP price target raised to $42 from $38 at Morgan Stanley
- Hess Midstream Announces Unit Repurchase and Share Buyback