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Dec 31, 2024
Hess Midstream Q4 2024 Earnings Report
Hess Midstream reported estimated results for the fourth quarter of 2024.
Key Takeaways
Hess Midstream reported a net income of $172.1 million for Q4 2024, compared to $152.8 million in Q4 2023. Adjusted EBITDA was $298.2 million and Adjusted Free Cash Flow was $164.3 million. Throughput volumes for gas gathering and gas processing increased by approximately 15% compared to the prior-year quarter.
Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP in January 2025.
Increased quarterly cash distribution to $0.7012 per Class A share for the fourth quarter of 2024, an increase of $0.0166 per Class A share for the fourth quarter of 2024 compared with the third quarter of 2024.
Net income was $172.1 million.
Adjusted EBITDA was $298.2 million and Adjusted Free Cash Flow was $164.3 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Hess Midstream plans to issue 2025 guidance in a separate release on January 29, 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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