Hess Midstream Q2 2024 GAAP EPS $0.59 Misses $0.62 Estimate, Sales $365.500M Beat $365.163M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hess Midstream (NYSE:HESM) reported Q2 2024 earnings per share (EPS) of $0.59, missing the analyst consensus estimate of $0.62 by 4.84%. However, the company reported quarterly sales of $365.5 million, slightly beating the estimate of $365.163 million. Compared to the same period last year, EPS increased by 18% and sales by 12.81%.
July 31, 2024 | 12:03 pm
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Hess Midstream's Q2 2024 EPS of $0.59 missed estimates by 4.84%, but sales of $365.5 million slightly beat expectations. EPS increased by 18% YoY, and sales grew by 12.81% YoY.
The mixed results, with EPS missing but sales slightly beating estimates, suggest a neutral short-term impact. The YoY growth in both EPS and sales is positive, but the miss on EPS could weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100