Hess Midstream Partners LP (HESM) to Distribute Quarterly Dividend of $0.80 on November 13th

Hess Midstream Partners LP (NYSE:HESM) declared a quarterly dividend on Monday, October 26th. Investors of record on Thursday, November 5th will be given a dividend of $0.7985 per share on Friday, November 13th. This represents a $3.19 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 1.2% increase from Hess Midstream Partners’s previous quarterly dividend of $0.7888.

Hess Midstream Partners has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Hess Midstream Partners has a payout ratio of 97.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 $3.19 annual dividend with an expected future payout ratio of 108.9%.

Hess Midstream Partners Trading Down 0.9%

HESM stock opened at $32.41 on Tuesday. Hess Midstream Partners has a 1-year low of $29.52 and a 1-year high of $41.44. The company has a debt-to-equity ratio of 9.39, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 11.10 and a beta of 0.58. The business has a 50 day simple moving average of $36.39 and a two-hundred day simple moving average of $37.93.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Friday, October 30th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $410.10 million for the quarter, compared to analysts’ expectations of $404.67 million. Hess Midstream Partners had a net margin of 23.23% and a return on equity of 92.18%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Research analysts anticipate that Hess Midstream Partners will post 3.29 EPS for the current fiscal year.

About Hess Midstream Partners

Hess Midstream Partners LP (NYSE:HESM) is a midstream energy company that owns and operates infrastructure supporting oil and gas production, primarily in the Bakken and Three Forks shale plays of North Dakota. The company provides essential services between the wellhead and downstream markets rather than exploring for or producing hydrocarbons itself.

Its operations include gathering, processing, storage and transportation services for crude oil, natural gas and natural gas liquids. Hess Midstream also provides produced-water gathering and disposal services, helping manage water generated during oil and gas production.