Hess Midstream Partners LP (HESM) to Issue Quarterly Dividend of $0.76 on February 13th

Hess Midstream Partners LP (NYSE:HESM) declared a quarterly dividend on Monday, January 26th. Shareholders of record on Thursday, February 5th will be given a dividend of 0.7641 per share on Friday, February 13th. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date is Thursday, February 5th. This is a 1.2% increase from Hess Midstream Partners’s previous quarterly dividend of $0.75.

Hess Midstream Partners has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Hess Midstream Partners has a payout ratio of 93.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Hess Midstream Partners to earn $2.93 per share next year, which means the company may not be able to cover its $3.05 annual dividend with an expected future payout ratio of 104.1%.

Hess Midstream Partners Price Performance

Shares of NYSE HESM opened at $35.03 on Tuesday. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 12.42 and a beta of 0.62. The company has a debt-to-equity ratio of 8.83, a current ratio of 0.75 and a quick ratio of 0.75. Hess Midstream Partners has a 1-year low of $31.63 and a 1-year high of $44.14. The business has a 50-day moving average of $34.38 and a 200-day moving average of $36.19.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. Hess Midstream Partners had a return on equity of 69.03% and a net margin of 20.46%.The firm had revenue of $374.50 million during the quarter, compared to analysts’ expectations of $419.16 million. During the same quarter in the prior year, the business earned $0.68 EPS. Hess Midstream Partners’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Hess Midstream Partners will post 2.5 EPS for the current fiscal year.

About Hess Midstream Partners

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.