HOUSTON–(BUSINESS WIRE)–$HESM–Hess Midstream Partners LP (NYSE: HESM) (“Hess Midstream”) today filed with the Securities and Exchange Commission (“SEC”) its Form 10-Q for the quarter ended March 31, 2017. The 10-Q reflects the results of the predecessor of Hess Midstream Partners LP, (the “Predecessor”), for the first quarter of 2017. Hess Midstream closed its initial public offering of common units on April 10, 2017.
The financial statements of the Predecessor have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) on the basis of the Predecessor’s historical ownership of the assets.
Hess Midstream reaffirms the forecast for the 12 months ending March 31, 2018 included in Hess Midstream’s prospectus dated April 4, 2017 related to its initial public offering, which includes forecasted results attributable to the Predecessor’s operations for periods prior to April 10, 2017 and to Hess Midstream’s operations for periods on and after April 10, 2017 on a consolidated basis.
A presentation has been posted to the Investors section of our website at www.hessmidstream.com.
About Hess Midstream
Hess Midstream Partners LP is a fee-based, growth-oriented, traditional master limited partnership that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. The partnership’s initial assets are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Hess Midstream’s prospectus dated April 4, 2017 and other SEC filings. Hess Midstream undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Hess Midstream Partners LP
Jennifer Gordon, 212-536-8244
Sard Verbinnen & Co
Patrick Scanlon, 212-687-8080