Brief: Hess Midstream Announces Guidance, Increases And Extends Return Of Capital Program Through 2026

Hess Midstream LP

31/01/2024 13:31

Jan 31 (Reuters) - Hess Midstream LP  HESM.N :
    * HESS MIDSTREAM LP ANNOUNCES GUIDANCE, INCREASES AND
EXTENDS
RETURN OF CAPITAL PROGRAM THROUGH 2026
    * HESS MIDSTREAM LP - HESS MIDSTREAM LP EXPECTS THROUGHPUT
VOLUMES
IN 2024 TO INCREASE BY APPROXIMATELY 10% ACROSS GAS AND OIL
SYSTEMS
    * HESS MIDSTREAM LP: HESS MIDSTREAM LP EXPECTS TOTAL CAPITAL
EXPENDITURES OF $250 - $275 MILLION IN 2024
    * HESS MIDSTREAM LP:  EXPECTS TO GENERATE ADJUSTED FREE CASH
FLOW
OF BETWEEN $685 MILLION AND $735 MILLION IM 2024
    * HESS MIDSTREAM LP- SEES $670 - $720 MILLION OF NET INCOME
AND
$1,125 - $1,175 MILLION OF ADJUSTED EBITDA IN 2024
    * HESS MIDSTREAM LP: EXPECTS TO GENERATE APPROXIMATELY $115
MILLION OF ADJUSTED FREE CASH FLOW AFTER DISTRIBUTIONS AT
MIDPOINT OF GUIDANCE IN 2024
    * HESS MIDSTREAM LP: EXPECTS 2024 CAPITAL EXPENDITURES OF
BETWEEN
$250 MILLION AND $275 MILLION
    * HESS MIDSTREAM LP: HESS MIDSTREAM LP EXPECTS AT LEAST 10%
GROWTH
PER YEAR IN NET INCOME AND ADJUSTED EBITDA IN EACH OF 2025 AND
2026
    * HESS MIDSTREAM LP: EXPECTS CAPITAL EXPENDITURES OF BETWEEN
$250
MILLION AND $275 MILLION IN EACH OF 2025 AND 2026, STABLE
COMPARED WITH 2024 LEVELS
    * HESS MIDSTREAM LP: TARGETING ANNUAL DISTRIBUTION PER CLASS
A
SHARE GROWTH OF AT LEAST 5% THROUGH 2026

Source text for Eikon:  ID:nBw1vnwNa 
Further company coverage:  HESM.N 

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