---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-21-002338"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2021-10-27T23:59:59+00:00"
generated_at: "2026-06-28T17:34:27.821028+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q3 net income $131.1M, raises FY2021 EBITDA guidance to $895-905M

## Summary
- Net income $131.1M; attributable $9.9M ($0.39/share). Adjusted EBITDA $205.0M, DCF $171.5M, Adjusted FCF $119.8M.
- Repurchased 31.25M Class B units from Hess and GIP for $750M, funded by 4.25% senior notes due 2030.
- Raised FY2021 net income guidance to $605-615M and Adjusted EBITDA to $895-905M.
- Q3 distribution $0.5104/share (+1.2% QoQ); reaffirms ≥5% annual growth through 2023.
- Gas processing volumes down 4% YoY due to Tioga Gas Plant turnaround; crude oil gathering down 23%.

## SEC filing metadata
- accession: 0000950170-21-002338
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2021-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000095017021002338/0000950170-21-002338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017021002338/hesm-20211027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-21-002338
- JSON: https://secwatch.observer/filing/0000950170-21-002338.json
- Plain text: https://secwatch.observer/filing/0000950170-21-002338.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.