Hess Midstream Could Become An Acquisition Target [Seeking Alpha]
Hess Midstream LP Class A Share (HESM)
Last hess midstream lp class a share earnings: 1/29 08:00 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=253966&p=irol-irhome
Company Research
Source: Seeking Alpha
The company reported strong Q4 results, with EBITDA growth accelerating, and it issued robust guidance for 2024 and beyond. HESM could itself become an acquisition target once the acquisition of its sponsors are completed. I started coverage of Hess Midstream ( NYSE: HESM ) as a "Buy" back in June, saying it offered an intriguing mix of safety and income for investors. The stock has generated a return of nearly 35% since then. More recently in December , I took the stock to "Hold" as the stock neared by price target and its parent announced it was being acquired. With some recent events as well as the company reporting earnings, let's catch up on the name. Company Profile As a refresher, HESM is a midstream gathering and processing company that principally serves the needs of its parent Hess ( HES ) in the Bakken and Three Forks shale plays in North Dakota. HESM has unique contracts in that during their initial phase, the contracts have an annual fee recalculation to maintain
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HESM
News
- Hess Midstream's (NYSE:HESM) Dividend Will Be Increased To $0.6516 [Yahoo! Finance]Yahoo! Finance
- Hess Midstream LP Reports Estimated Results for the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- Hess Midstream Partners reports mixed Q1 results; reaffirms FY24 outlook [Seeking Alpha]Seeking Alpha
- Hess Midstream LP Reports Estimated Results for the First Quarter of 2024Business Wire
- Hess Midstream LP (NYSE:HESM) Shares Could Be 26% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
HESM
Earnings
- 4/25/24 - In-Line
HESM
Sec Filings
- 4/25/24 - Form 8-K
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- HESM's page on the SEC website