---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-006275"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:11:53.659617+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q1 net income $159.6M ($0.50 EPS), distribution up 6.3%, repurchased $400M Class B units

## Summary
- Net income $159.6M ($0.50 basic EPS), flat YoY; Adjusted EBITDA $241.6M.
- Repurchased $400M Class B units from Hess Corp and GIP in April 2022, accretive transaction.
- Quarterly distribution raised to $0.5492/Class A share, up 6.3% sequentially.
- Reaffirms FY2022 guidance: Adjusted EBITDA $970M-$1B, 95% revenue protected by MVCs.
- Updates net income guidance to $610-640M including interest/tax from unit repurchase and equity offering.

## SEC filing metadata
- accession: 0000950170-22-006275
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000095017022006275/0000950170-22-006275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017022006275/hesm-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-006275
- JSON: https://secwatch.observer/filing/0000950170-22-006275.json
- Plain text: https://secwatch.observer/filing/0000950170-22-006275.txt

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