Hess Midstream Partners LP (NYSE:HESM) Q3 2019 Earnings Conference Call October 30, 2019 12:00 PM ET Company Participants Jennifer Gordon - Director of IR John Gatling - COO Jonathan Stein - CFO Conference Call Participants Phil Stewart - Scotia Howard Weil Operator Good day, ladies and gentlemen, and welcome to the Third Quarter 2019 Hess Midstream Partners Conference Call. My name is Latif and I will be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded for r ...

Hess Midstream Partners LP (NYSE:HESM) Q2 2019 Results Conference Call July 31, 2019 12:00 PM ET Company Participants Jennifer Gordon – Director of Investor Relations John Gatling – Chief Operating Officer Jonathan Stein – Chief Financial Officer Conference Call Participants Jeremy Tonet – JPMorgan Spiro Dounis – Credit Suisse Mirek Zak – Citigroup Operator Good day, ladies and gentlemen, and welcome to the Second Quarter 2019 Hess Midstream Partners Conference Call. My name is Kevin, and I will be your ope ...

Financial Data and Key Metrics Changes - For Q1 2019, consolidated net income was $95 million, up from $92 million in Q4 2018 [30] - Consolidated adjusted EBITDA for Q1 2019 was $128 million, compared to $124 million in Q4 2018 [31] - Distributable cash flow (DCF) was $24.7 million for Q1 2019, covering the distribution by 1.3 times [33] Business Line Data and Key Metrics Changes - Gas processing volumes were 237 million cubic feet per day, while crude terminaling volumes were 122,000 barrels of oil per day, remaining flat compared to Q4 2018 [10] - Gas gathering volumes are forecasted to be between 280 million and 290 million cubic feet per day for the full year 2019 [23] - Crude gathering volumes are expected to be between 105,000 and 115,000 barrels of oil per day for 2019 [24] Market Data and Key Metrics Changes - Hess reported Q1 2019 production from the Bakken of 130,000 barrels of oil equivalent per day, a 17% increase year-over-year [13] - Hess plans to grow production to approximately 200,000 barrels of oil equivalent per day by 2021, representing a 20% compound annual growth rate [14] Company Strategy and Development Direction - The company completed the acquisition of Summit Midstream's Tioga oil and gas gathering assets and announced a 150 million cubic feet per day expansion of the Tioga Gas Plant [8][9] - The capital program focuses on expanding gas compression capacity and completing the LM4 gas plant [15] - The company aims to maintain a 6-rig program through 2020 to support production growth [14] Management's Comments on Operating Environment and Future Outlook - Management anticipates increasing gas processing volumes after the start-up of LM4, reaffirming expectations for throughput growth and financial guidance for 2019 [12] - The company sees good visibility toward volume demand through the current nomination process, particularly for 2021 [48] - Management expressed confidence in achieving growth and financial targets while primarily self-funding both distribution and expansion capital programs [44] Other Important Information - The company expects consolidated capital expenditures for 2019 to be between $275 million and $300 million, with a focus on expansion activities [16] - The company finished Q1 2019 with a $300 million credit facility remaining substantially undrawn, indicating strong financial health [34] Q&A Session Summary Question: Expansion decision for Tioga Gas Plant - Management explained that the expansion was part of the long-term growth strategy to support both Hess and third-party producers, with good visibility toward volume demand [48][49] Question: Guidance and LM4 start-up delay - Management indicated that the gradual ramp in volumes was planned, and they expect certainty around the ramp-up of volumes in the second half of the year [51][53] Question: Water infrastructure development post-Summit transaction - Management noted that the water assets provide additional growth opportunities and are expected to be attractive for future drop-down into Hess Midstream Partners [57][59] Question: Impact of Tioga expansion on NGL loading volumes - Management stated that NGL volumes would be proportionate to the amount of gas processed, and the expansion supports the plant's capacity [63] Question: Processing plant expansions and underlying volumes - Management confirmed that they have capacity to meet Hess's growing demand and emphasized the strategic importance of the Tioga Gas Plant for processing in the northern basin [71][75]

Hess Midstream Partners LP (NYSE:HESM) Q4 2018 Results Conference Call January 30, 2019 12:00 PM ET Company Participants Jennifer Gordon - Director, IR John Gatling - COO Jonathan Stein - CFO Conference Call Participants Barrett Blaschke - MUFG Securities Rahul Krotthapalli - JP Morgan Mirek Zak - Citigroup Operator Good day ladies and gentlemen and welcome to the Fourth Quarter 2018, Hess Midstream Partners Conference Call. My name is Brian and I will be your operator for today. At this time, all participa ...