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Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript Summary

Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript Summary

hess midstream LP(HESM)2024年第三季度业绩会成绩单摘要
moomoo AI ·  10/30 15:28  · 电话会议

The following is a summary of the Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript:

以下是hess midstream LP (HESM) Q3 2024 业绩会议通话摘要:

Financial Performance:

金融业绩:

  • Hess Midstream reported a Q3 net income of $165 million, an increase from $160 million in the previous quarter.

  • Adjusted EBITDA for Q3 was $287 million, up from $276 million in Q2, driven by higher throughput volumes.

  • Gross adjusted EBITDA margin was maintained at approximately 80%, above the targeted 75%.

  • Full-year 2024 adjusted EBITDA forecasted to grow by greater than 10%, with capital expenditures expected to be around $270 million.

  • Total shareholder return yield remains one of the highest among midstream peers, with significant returns delivered through strategic repurchases amounting to $300 million year-to-date.

  • hess midstream报告Q3净利润为16500万美元,高于上一季度的16000万美元。

  • Q3调整后的EBITDA为28700万美元,较Q2的27600万美元增加,主要受较高吞吐量驱动。

  • 整体调整后的EBITDA利润率维持在约80%,高于目标的75%。

  • 预计2024年全年调整后的EBITDA将增长超过10%,资本支出预计约为27000万美元。

  • 中游-脑机同行中股东总回报率仍然是最高之一,通过战略回购提供的重大回报金额达到今年截至30000万美元。

Business Progress:

业务进展:

  • Continuing development activities in the Bakken with a maintained 4-rig program, aiming to support an approximate 10% volume growth across oil and gas systems through 2024.

  • Construction and planning advances on new compressor stations and a new 125 million cubic foot per day gas processing plant to support long-term growth, slated to come online in 2027.

  • There's a steady focus on gas capture and maintaining high system availability, despite operational disruptions like wildfires and planned maintenance.

  • 在巴肯继续进行开发活动,保持4台钻机的计划,旨在通过2024年支持石油和燃料币系统产量约10%的增长。

  • 新压缩站和新的每日12500万立方英尺燃料币加工厂的施工和规划进展,旨在支持长期增长,计划于2027年投入使用。

  • 尽管像野火和计划维护这样的运营中断存在,但始终关注燃料币捕捉和维持高度系统可用性。

Opportunities:

机会:

  • Hess Midstream has forecasted a growth in throughput by approximately 10% for 2024, supported by upward trends in Bakken production from Hess Corporation and third-party developments.

  • The planned new gas processing plant and infrastructure developments underline a strategic expansion to cater to projected increases in production and demand.

  • hess midstream已预测到2024年吞吐量约增长10%,得益于hess公司和第三方在巴肯生产上的上升趋势。

  • 计划中的新燃料币加工厂和基础设施发展凸显了战略性的扩张,以满足预计的产量和需求增长。

Risks:

风险:

  • Potential volume impacts from wildfires and power outages affecting throughput volumes, specifically highlighted for the fourth quarter projections.

  • Market conditions and physical disruptions pose a continuous risk to operational stability and expected volume throughput, influencing financial projections marginally.

  • 野火和停电可能对吞吐量产生影响,特别是第四季度的预测中突出的问题。

  • 市场条件和物理干扰对运营稳定性和预期流量产生持续风险,对财务预测产生边际影响。

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