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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) 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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