Hess Midstream LP Announces Distribution Per Share Level Increase From $0.6677 To $0.6846
Portfolio Pulse from Benzinga Newsdesk
Hess Midstream LP announced an increase in its quarterly cash distribution per Class A share to $0.6846, up from $0.6677. This increase is supported by excess adjusted free cash flow and follows a $100 million unit repurchase.
October 28, 2024 | 8:22 pm
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POSITIVE IMPACT
Hess Midstream LP increased its quarterly cash distribution per Class A share to $0.6846, supported by excess cash flow and a $100 million unit repurchase.
The increase in distribution per share is a positive signal for investors, indicating strong financial health and effective capital management. The $100 million unit repurchase further supports this by reducing outstanding shares, potentially increasing EPS.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100