Page 22 - Hess Midstream News Today

Midstream dividend trends remained positive for 2Q22, with a few examples of growth and no cuts.

The Alerian MLP Infrastructure Index (AMZI), the underlying index for the Alerian MLP ETF (AMLP), gained 12.59% in July on a total return basis, outperforming the S&P 500’s 9.22% increase during the same period.

HESM earnings call for the period ending June 30, 2022.

Midstream MLPs are increasing distributions despite volatility in energy markets, reinforcing the positive outlook for midstream.

Key Developments: Commenced common stock repurchases in the quarter of approximately 1.8 million shares for $190 million; total cash returned to shareholders in the quarter amounted to $306 million

The Partnership's Houston Energy Transition Initiative and the Center for Houston's Future held the three-day Future of Global Energy conference presented by Chevron including virtual sessions featuring nearly 40 leaders in industry, academia and public interest organizations sharing insights on the changing energy landscape through a global and national lens.

Providing a balance between stability and viable growth opportunities, the best mid-cap stocks to buy are attractive at this juncture.

Hess' revenues increased to $2,371 million in Q1 2022 from $1,919 million in the same quarter a year ago. See why I recommend buying HES stock at $101.65.

Hess Midstream (NYSE:HESM – Get Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports. According to Zacks, “Hess Midstream Partners LP is a master limited partnership company. It own, operate, develop and acquire a set of midstream assets to […]

Hess Corporation (HES) has a unique portfolio of assets. Read this article to see why I think HES has strong continued upside for shareholders.