Hess Midstream Partners LP (HESM) Q2 2019 Earnings Call Transcript
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Hess Midstream Partners LP (NYSE: HESM)
Q2 2019 Earnings Call
Jul 31, 2019, 12:00 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator

Good day, ladies and gentlemen and welcome to the Second Quarter 2019 Hess Midstream Partners Conference Call. My name is Kevin, and I'll be your operator for today. [Operator Instructions] Later we will conduct a question and answer session. [Operator Instructions]

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

Jennifer Gordon -- Director of Investor Relations

Thank you, Kevin. 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, Chief Operating Officer and Jonathan Stein, Chief Financial Officer. I will now turn the call over to John Gatling.

John A. Gatling -- Chief Operating Officer

Thanks, Jennifer. Good afternoon, everyone and welcome to Hess Midstream's second quarter 2019 conference call. Today, I'll review our operating performance and recent highlights as we continue to execute our strategy and look forward to an exciting second half of 2019 for Hess Midstream. I'll also discuss Hess Corporation's latest results and outlook for the Bakken. Jonathan will then review our financial results.

As we reached the halfway point in the year, we're poised for significant volume growth through the balance of 2019. Target resources have completed construction of the Little Missouri 4 gas processing plant. The start-up process for LM4 has been initiated with the introduction of first gas into the plant. We expect to begin delivering Hess' volume to LM4 in the next several days. The start-up of LM4 is an important milestone for Hess Midstream adding 200 million cubic foot per day of gross processing capacity, of which Hess Midstream has at least 100 million cubic foot per day of committed capacity to meet basin demand. With LM4 online, Hess Midstream's North Dakota gas processing nameplate capacity increases to 350 million cubic foot per day. We plan to further expand or increase our capacity to 500 million cubic foot per day in mid-2021 with the 150 million cubic foot per day expansion of the Tioga Gas Plant.