---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-014571"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:27:19.973704+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q1 net income $142.2M, EPS $0.47; raises distribution 2.7% QoQ

## Summary
- Net income attributable to Hess Midstream LP $20.7M ($0.47 basic EPS) vs $0.50 in Q1 2022.
- Adjusted EBITDA $239.0M, DCF $196.6M, distribution coverage ~1.4x.
- Quarterly distribution increased to $0.5851/Class A share, up 2.7% QoQ; payable May 12, 2023.
- Completed $100M repurchase of Class B units in March 2023.
- Reaffirmed FY2023 guidance: Adj. EBITDA $990M-$1,030M, DCF $815M-$855M.

## SEC filing metadata
- accession: 0000950170-23-014571
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000095017023014571/0000950170-23-014571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017023014571/hesm-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-014571
- JSON: https://secwatch.observer/filing/0000950170-23-014571.json
- Plain text: https://secwatch.observer/filing/0000950170-23-014571.txt

## Key facts
- Earnings Releases
  Hess Midstream LP reported first quarter of 2023 results: revenue $305.0 million, net income $20.7 million, EPS $0.47 basic earnings per Class A share.
  - Period: first quarter of 2023
  - Revenue: $305.0 million
  - Net income: $20.7 million
  - EPS: $0.47 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 first quarter of 2023 were $305.0 million compared with $312.4 million in the prior-year quarter. First quarter 2023 revenues included $17.5 million of pass-through electricity, produced water trucking and disposal costs
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017023014571/0000950170-23-014571-index.htm

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