Hess Midstream reports Q2 EPS 50c, consensus 48c

Reports Q2 revenue $324M, consensus $322.43M. Hess Midstream delivered another quarter of strong operational and financial results driven by our continued focus on gas capture and Hess Corporation’s Bakken performance, supporting continued return of capital to our shareholders,” said John Gatling, President and Chief Operating Officer of Hess Midstream. “We are increasing our 2023 gas throughput guidance and reiterating our expectation for substantial volume growth across all of our systems through 2025, which is expected to result in sustained excess free cash flow generation and allow us to continue our demonstrated track record of differentiated shareholder returns.” Hess Midstream’s results contained in this release are consolidated to include the noncontrolling interests in Hess Midstream Operations LP owned by affiliates of Hess Corporation and Global Infrastructure Partners. We refer to certain results as “attributable to Hess Midstream LP,” which exclude the noncontrolling interests in Hess Midstream Operations LP owned by the Sponsors.