Hess Corp.

Hess Midstream Partners LP today reported fourth quarter 2017 net income of $77.1 million compared with net income of $69.6 million for the fourth quarter of 2016. Net income attributable to Hess Midstream was $14.8 million, or $0.26 per common unit. Hess Midstream generated Adjusted EBITDA of $21.2 million and DCF of $21.0 million for the fourth quarter of 2017. John Gatling, Chief Operating Officer of Hess Midstream [...]

Hess Corp. today reported a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017, compared with a net loss of $4,892 million, or $15.65 per common share, in the fourth quarter of 2016. Fourth quarter 2017 results reflect net after-tax charges totaling $2,373 million, including a non-cash accounting charge of $1,700 million to reduce the carrying value of Hess' interests in the Stampede and [...]

Hess Midstream Partners LP today provided 2018 guidance and announced its 2018 Capital budget. John Hess, Chairman and CEO of Hess Midstream, said: “The Bakken is Hess Corp.’s largest operated growth asset. With Hess’ industry-leading position in the core of the play and increased activity starting in 2018, the Bakken is expected to generate capital efficient production growth of 15 - 20 percent per year [...]

Hess Corp. today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig count from four rigs to six rigs. These increases are offset by lower capital allocated to the Gulf of Mexico and Malaysia compared to 2017 [...]

Hess Midstream Partners LP announced today the formation of a 50/50 joint venture with Targa Resources Corp. to construct a new 200 million standard cubic feet per day gas processing plant called Little Missouri Four . The new gas plant will be located at Targa’s existing Little Missouri facility, south of the Missouri River in McKenzie County, North Dakota. Targa will manage the construction of LM4 and will operate [...]

Hess Midstream Partners LP , today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.3218 per common unit for the quarter ended December 31, 2017. The distribution represents a 3.6% quarterly increase compared to the Partnership's previous quarterly distribution, and 15% on an annualized basis. The distribution will be payable on February 13, 2018 to unitholders of [...]

Hess Corp. announced today that it will redeem all of its 8.125% Notes due February 15, 2019 , of which $349,621,000 aggregate principal amount is outstanding as of January 16, 2018. The formal notice of redemption was sent today to holders of the Notes, by The Bank of New York Mellon, the trustee under the indenture governing the Notes. The Notes will be redeemed on February 15, 2018 at a redemption price to be [...]

Hess Midstream Partners LP announced today that it will hold a conference call on Monday, February 5, 2018 at 4:30 p.m. Eastern Standard Time to discuss its fourth quarter 2017 earnings release. To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 4889458 after 4:15 p.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 4889458 [...]

Hess Corp. announced today that it will hold a conference call on Monday, February 5, 2018 at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2017 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 5798285 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 5798285. This conference [...]

Hess Corp. today announced positive results from the Ranger-1 exploration well, which is the sixth significant oil discovery on the Stabroek Block, offshore Guyana, since 2015. The five previous world class discoveries on the block -- Liza, Payara, Snoek, Liza Deep and Turbot -- are now estimated to have total recoverable resources of more than 3.2 billion barrels of oil equivalent. Resources associated with the Ranger-1 [...]