Hess Midstream LP reports Q EPS 63c, consensus 66c

Reports Q3 revenue $378.5M , consensus $376.98M. “We delivered another strong quarter, thanks to strong operations and project execution,” said John Gatling, President and Chief Operating Officer of Hess Midstream. “Our multi-year gas gathering expansion projects are progressing well, and once completed, they will further boost gas capture. We anticipate volume growth through the balance of this year and remain confident in throughput volume growth across all systems in 2025 and 2026.” 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 (HESM),” which exclude the noncontrolling interests in Hess Midstream Operations LP owned by the Sponsors.Adjusted EBITDA for the third quarter of 2024 was $286.9 million. Adjusted Free Cash Flow for the third quarter of 2024 was $141.4 million. At September 30, 2024, Hess Midstream had a drawn balance of $30.0 million on its revolving credit facility.