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News

Hess Midstream Reaffirms 2024 Guidance For Net Income Of $670M - $720M, Adjusted EBITDA Of $1.125B ā€“ $1.175B And Adjusted Free Cash Flow Of $685M - $735M; Continues To Target At Least 5% Annual Distribution Growth Per Class A Share Through 2026

Author: Benzinga Newsdesk | April 25, 2024 08:09am

Guidance

Hess Midstream continues to target at least 5% annual distribution growth per Class A share through 2026 from this new higher level and continues to prioritize financial strength with a long-term leverage target of 3x Adjusted EBITDA. For 2025 and 2026, Hess Midstream continues to expect organic throughput volume growth across all systems relative to 2024 volume guidance.

Hess Midstream is reaffirming its full year 2024 guidance as follows:

 

Year Ending

 

December 31, 2024

 

(Unaudited)

Financials (in millions)

 

 

Net income

$

670 - 720

Adjusted EBITDA

$

1,125 - 1,175

Capital expenditures

$

250 - 275

Adjusted free cash flow

$

685 - 735

Posted In: HESM

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