Goldman resumed coverage on Hess Midstream Partners with a new price target
$HESM
Oil & Gas Production
Energy
Goldman resumed coverage of Hess Midstream Partners with a rating of Buy and set a new price target of $32.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2024 | $37.00 | Overweight → Neutral | JP Morgan |
| 10/6/2023 | $32.00 | Buy | Goldman |
| 5/10/2023 | $37.00 | Buy | UBS |
| 4/21/2023 | $35.00 | Outperform | Raymond James |
| 12/9/2022 | $34.00 | Buy | Citigroup |
| 3/10/2022 | $33.00 | Overweight → Equal-Weight | Wells Fargo |
| 1/7/2022 | $32.00 | Overweight → Equal-Weight | Morgan Stanley |
| 12/16/2021 | $30.00 → $31.00 | Overweight | Wells Fargo |
SCHEDULE 13G/A - Hess Midstream LP (0001789832) (Subject)
SCHEDULE 13D/A - Hess Midstream LP (0001789832) (Subject)
8-K - Hess Midstream LP (0001789832) (Filer)
Hess Midstream Operations LP (the "Issuer"), a consolidated subsidiary of Hess Midstream LP (NYSE:HESM) ("HESM" and, together with the Issuer, "Hess Midstream"), today announced that it has priced $800 million aggregate principal amount of 5.875% senior unsecured notes due 2028 (the "Notes") at par in a private offering. Hess Midstream intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026. Hess Midstream delivered a notice of redemption in respect of its 5.625% senior notes due 2026 on February 3, 2025. The private offering of the Notes is expected to close on February 12, 2025, su
Hess Midstream Operations LP (the "Issuer"), a consolidated subsidiary of Hess Midstream LP (NYSE:HESM) ("HESM" and, together with the Issuer, "Hess Midstream"), today announced that it intends to offer $800 million aggregate principal amount of senior unsecured notes due 2028 (the "Notes") in a private offering. Hess Midstream intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026 (the "2026 Notes"). This is not a notice of redemption for the 2026 Notes. The Notes are being sold only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A and
2025 and Long-Term Throughput Volumes Guidance Hess Midstream LP expects throughput volumes in 2025 to increase by approximately 10% across oil and gas systems compared with 2024. Hess Midstream LP expects continued growth in oil and gas throughput volumes beyond 2025 with approximately 10% growth in gas throughput volumes in 2026, followed by approximately 5% growth in 2027, and approximately 5% growth in oil throughput volumes in each of 2026 and 2027. 2025 Financial Guidance Hess Midstream LP expects $715 - $765 million of net income and $1,235 - $1,285 million of Adjusted EBITDA1 in 2025, representing an approximate 11% increase in Adjusted EBITDA, at the midpoint of guidanc
SC 13G - Hess Midstream LP (0001789832) (Subject)
SC 13G/A - Hess Midstream LP (0001789832) (Subject)
SC 13G - Hess Midstream LP (0001789832) (Subject)
Hess Midstream LP (NYSE:HESM) ("HESM") today announced the upsizing and pricing of the previously announced underwritten public offering of an aggregate 11,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock (the "Selling Shareholder"), at a public offering price of $39.45 per Class A share. The offering was upsized from the previously announced offering of 10,000,000 Class A shares. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,650,000 additional Class A shares. The gross proceeds from the sale of Class A shares by the Selling Shareholder are expected to be $
Hess Midstream LP (NYSE:HESM) ("HESM") today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock (the "Selling Shareholder"). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering. Goldman Sachs & Co. LLC is acting as the bookrunning manager of the offering. The offering of these securities is being made only by means of the prospectus supplement and accompanyin
Hess Midstream Operations LP (the "Issuer"), a consolidated subsidiary of Hess Midstream LP (NYSE:HESM) ("HESM" and, together with the Issuer, "Hess Midstream"), today announced that it has priced $800 million aggregate principal amount of 5.875% senior unsecured notes due 2028 (the "Notes") at par in a private offering. Hess Midstream intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026. Hess Midstream delivered a notice of redemption in respect of its 5.625% senior notes due 2026 on February 3, 2025. The private offering of the Notes is expected to close on February 12, 2025, su
4 - Hess Midstream LP (0001789832) (Issuer)
4 - Hess Midstream LP (0001789832) (Issuer)
4 - Hess Midstream LP (0001789832) (Issuer)
JP Morgan downgraded Hess Midstream Partners from Overweight to Neutral and set a new price target of $37.00
Goldman resumed coverage of Hess Midstream Partners with a rating of Buy and set a new price target of $32.00
UBS initiated coverage of Hess Midstream Partners with a rating of Buy and set a new price target of $37.00