Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript Summary
Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript Summary
The following is a summary of the Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript:
以下是 Hess Midstream LP (HESM) 2024 年第三季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
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.
赫斯中游公布的第三季度净收入为1.65亿美元,较上一季度的1.6亿美元有所增加。
受吞吐量增加的推动,第三季度调整后的息税折旧摊销前利润为2.87亿美元,高于第二季度的2.76亿美元。
调整后的息税折旧摊销前利润总利润率维持在约80%,高于75%的目标。
预计2024年全年调整后的息税折旧摊销前利润将增长超过10%,资本支出预计约为2.7亿美元。
股东总回报率仍然是中游同行中最高的回报率之一,今年迄今为止,通过战略回购带来的可观回报总额为3亿美元。
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.
继续在巴肯开展开发活动,维持4台钻机计划,目标是到2024年支持石油和天然气系统的销量增长约10%。
新压缩机站的建设和规划取得了进展,新建的日产12500万立方英尺天然气处理厂以支持长期增长,该厂定于2027年上线。
尽管出现了野火和计划维护等运营中断,但人们仍将重点放在气体捕获和保持高系统可用性上。
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.
赫斯中游预测,在赫斯公司巴肯产量上升趋势和第三方开发项目的支持下,2024年的吞吐量将增长约10%。
计划中的新天然气处理厂和基础设施开发突显了战略扩张,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的影响,第四季度预测中特别强调了这一点。
市场状况和物理中断对运营稳定性和预期的吞吐量构成持续的风险,对财务预测的影响微乎其微。
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