BUZZ-Hess Midstream hits record high on upbeat annual profit outlook

Shares of oil producer Hess Midstream LP HESM.N hit record high, now up as much as 2.4% at $41.6

Expects 2025 net income of $715-$765 mln compared with analysts' estimates of $315.1 mln

Expects throughput volumes in 2025 to increase by about 10% across oil and gas systems vs 2024

Sees adj EBITDA of $1,235-$1,285 mln, an 11% increase from 2024 and at the midpoint of guidance, driven by growing revenues

Co reports Q4 EPS of 68 cents vs 55 cents last year

Also expects total capital expenditures of about $300 mln in 2025

"We are starting construction of a gas processing plant north of the river, which, when online in 2027, will support growth for Hess Midstream through the end of the decade,” says President John Gatling

Including session's gains, HESM stock has risen ~12.69% YTD, compared with 17.07% rise in 2024