NYSE:HESMOil and Gas
The Bull Case For Hess Midstream (HESM) Could Change Following Strong Q3, Dividend Hike and Upbeat Guidance
Hess Midstream LP reported strong third quarter results with revenue of US$420.9 million and net income of US$97.7 million, announced an increased quarterly cash distribution, completed a US$70 million share buyback, and provided higher net income guidance for the remainder of 2025.
The company’s dividend increase follows excess free cash flow and recent accretive buybacks, resulting in a distribution above its targeted annual growth rate through 2027.
We'll explore how Hess Midstream's...