Guidance
Hess Midstream continues to target at least 5% annual distribution growth per Class A share through 2026 from this new higher level and continues to prioritize financial strength with a long-term leverage target of 3x Adjusted EBITDA. For 2025 and 2026, Hess Midstream continues to expect organic throughput volume growth across all systems relative to 2024 volume guidance.
Hess Midstream is reaffirming its full year 2024 guidance as follows:
|
Year Ending |
|
|
December 31, 2024 |
|
|
(Unaudited) |
|
Financials (in millions) |
|
|
Net income |
$ |
670 - 720 |
Adjusted EBITDA |
$ |
1,125 - 1,175 |
Capital expenditures |
$ |
250 - 275 |
Adjusted free cash flow |
$ |
685 - 735 |