Capital allocation remained a highlight. Hess Midstream completed $190.0 million in Class B unit repurchases and $10.0 million in Class A share buybacks, reducing total outstanding shares and units. This action supported a $0.7370 per share quarterly distribution, up $0.0272 per share from the prior quarter. Management reaffirmed plans to grow distributions at least 5% annually through 2027, emphasizing excess cash flow as a source of these returns. The company's credit rating was upgraded to investment gra ...

Core Viewpoint - Wall Street anticipates flat earnings for Kodiak Gas Services (KGS) in the upcoming quarter, with earnings expected to be $0.39 per share, unchanged from the previous year, while revenues are projected to increase by 51.4% to $326.16 million [1][3]. Earnings Expectations - The stock price may rise if the actual earnings exceed expectations in the earnings report scheduled for May 7, while a miss could lead to a decline [2]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Kodiak Gas is lower than the consensus estimate, resulting in an Earnings ESP of -14.29%, indicating a bearish sentiment among analysts [10]. - The current Zacks Rank for Kodiak Gas is 3, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, Kodiak Gas had an earnings surprise of +3.85%, reporting $0.27 per share against an expectation of $0.26 [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - Kodiak Gas does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but investors should consider other factors before making investment decisions [16].