---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001142"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:38:03.636702+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q4 net income falls to $149.8M, distributable cash flow $202.6M, quarterly distribution raised 1.2%

## Summary
- Net income $149.8M vs $165.1M in Q4 2021; EPS $0.49 vs $0.51 year ago.
- Adjusted EBITDA $245.1M, DCF $202.6M, Adjusted Free Cash Flow $144.1M.
- Revenue $314.6M; crude gathering volumes down 12% YoY, water gathering up 7%.
- Quarterly distribution raised to $0.5696 per share, 1.2% QoQ increase; targeting 5% annual growth.
- 2023 guidance to be issued separately on Jan 25.

## SEC filing metadata
- accession: 0000950170-23-001142
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000095017023001142/0000950170-23-001142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017023001142/hesm-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001142
- JSON: https://secwatch.observer/filing/0000950170-23-001142.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001142.txt

## Key facts
- Earnings Releases
  Hess Midstream LP reported the fourth quarter of 2022 results: revenue $314.6 million, net income $149.8 million, EPS $0.49 basic earnings per Class A share.
  - Period: the fourth quarter of 2022
  - Revenue: $314.6 million
  - Net income: $149.8 million
  - EPS: $0.49 basic earnings per Class A share
  - Result: reported results
  source text: these non‐GAAP measures to GAAP reporting measures appear in the following pages of this release. Financial Results Revenues and other income in the fourth quarter of 2022 were $314.6 million compared with $316.3 million in the prior-year quarter. Fourth quarter 2022 revenues included $16.7 million of pass-through electricity, produced water trucking and disposal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017023001142/0000950170-23-001142-index.htm

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