initial public offerings (IPOs) trading on American exchanges

Wednesday, April 5, 2017

=Hess Midstream Partners (HESM) began trading on the NYSE on 5 April 2017

Hess Midstream Partners LP is a fee-based, growth-oriented traditional master limited partnership that owns, operates and develops midstream infrastructure assets.
Hess Midstream Partners LP, an MLP formed by Hess and GIP to own gathering/processing assets in the Bakken, raised $340 million by offering 14.8 million shares at $23, above the range of $19 to $21. The company had originally planned to sell 12.5 million shares before upsizing the deal.
  • Headquarters: Houston, TX
  • Founded: January 17, 2014
  • Div/yield 0.31/5.82
  • hessmidstream.com




Description

Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company's assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken). It operates its business through three segments: gathering; processing and storage; and terminaling and export. The Company’s gathering business consisted of its 20% controlling economic interest in Gathering Opco, which owns North Dakota natural gas, natural gas liquids and crude oil gathering systems. The Company’s processing and storage business consisted of its 20% controlling economic interest in the Tioga Gas Plant and its 100% interest in the Mentor Storage Terminal. The Company’s terminaling and export business consisted of its 20% controlling economic interest in Logistics Opco.

Key stats and ratios


Q3 (Sep '17)2016
Net profit margin52.15%40.47%
Operating margin52.42%40.47%
EBITD margin-60.02%
Return on average assets11.73%8.37%
Return on average equity11.60%9.52%
Employees186

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