Hess Midstream LP (NYSE:HESM) Q2 2023 Earnings Call July 26, 2023 12:00 PM ET

Company Participants

Jennifer Gordon - Vice President of Investor Relations

John A. Gatling - President and Chief Operating Officer

Jonathan C. Stein - Chief Financial Officer

Conference Call Participants

Brian Reynolds - UBS

Douglas Irwin - Citi

Praneeth Satish - Wells Fargo

Jeremy Tonet - JPMorgan Securities LLC

Operator

Good day, ladies and gentlemen, and welcome to the Second Quarter 2023 Hess Midstream Conference Call. My name is Gigi, and I'll be your operator for today. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded for replay purposes.

I would now like to turn the conference over to Jennifer Gordon, Vice President of Investor Relations. Please proceed.

Jennifer Gordon

Thank you, Gigi. Good afternoon, everyone, and thank you for participating in our second quarter earnings conference call. Our earnings release was issued this morning and appears on our website, www.hessmidstream.com.

Today's conference call contains projections and other forward-looking statements within the meaning of the federal securities laws. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ from those expressed or implied in such statements. These risks include those set forth in the Risk Factors section of Hess Midstream’s filings with the SEC. Also on today's conference call, we may discuss certain non-GAAP financial measures. A reconciliation of the differences between these non-GAAP financial measures and the most directly comparable GAAP financial measures can be found in the earnings release.

With me today are John Gatling, President and Chief Operating Officer; and Jonathan Stein, Chief Financial Officer.

I'll now turn the call over to, John Gatling.

John A. Gatling

Thanks, Jennifer. Good afternoon, everyone, and welcome to Hess Midstream second quarter 2023 conference call. Today I’ll discuss our second quarter performance demonstrating continued focus on the safe execution of our operational strategy and our financial priorities, including returning capital to our shareholders. I will also review Hess Corporation's results and outlook for the Bakken. Jonathan, will then review our financial results and guidance.

In the second quarter, we continued to grow our business in a safe, efficient and cost effective manner, which has enabled us to increase our 2023 gas processing and gathering throughput volumes to guidance.