Hess Midstream Partners LP (NYSE:HESM) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HESM to report 2Q20 income of $ 0.38 per share.
For the full year, analysts anticipate top line of $ 1094.69 million, while looking forward to income of $ 1.36 per share bottom line.
Previous Quarter Performance
Hess Midstream Partners LP outlined income for the first quarter of $ 0.35 per share, from the revenue of $ 290.80 million. The quarterly earnings expanded 9.37 percent while revenues elevated 68.31 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.41 per share from $ 272.70 million in revenue. The bottom line results missed street analysts by $ 0.06 or 14.63 percent, at the same time, top line results outshined analysts by $ 18.10 million or 6.64 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HESM was $ 17.00, representing a 198.25 % increase from the 52 week low of $ 5.70 and a 33.75 % decrease over the 52 week high of $ 25.66.
The company has a market capital of $ 306.48 million and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.431 per share on April 23, 2020. The dividend were payable on May 14, 2020 to holders of record as of the close of business on May 4, 2020 and ex-dividend date on May 1, 2020.
Conference Call
Hess Midstream Partners LP will be hosting a conference call at 12:00 PM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hessmidstream.com
Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
