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Prospect News home > News index > List of issuers H > Headlines for Hahn & Hessen LLP > News item
Published on 4/28/2022 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Hess Midstream focuses on getting leverage below 3x in 2023, CFO says

By Devika Patel

Knoxville, Tenn., April 28 – Hess Midstream LP intends to get its debt to adjusted EBITDA leverage ratio below its 3x target in 2023.

“We expect to continue to have financial flexibility, including expected ongoing adjusted free cash flow after distributions and leverage declining below our 3x debt to adjusted EBITDA target as early as 2023,” chief financial officer Jonathan C. Stein said on the company’s first quarter ended March 31 earnings conference call on Wednesday.

Hess Midstream is a Houston-based oil and gas midstream services provider.


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