---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034561"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:25:31.135695+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q2 net income $147.9M, raises FY2023 EBITDA guidance to $1.0-1.03B

## Summary
- Net income $147.9M ($0.50/Class A share) vs $151.8M ($0.51) in Q2 2022; Adjusted EBITDA $248.1M.
- Quarterly distribution raised to $0.6011/share (+2.7% QoQ); payable Aug 14, 2023 to holders of record Aug 3.
- Completed $100M repurchase of Class B units in June 2023, second such buyback in 2023.
- FY2023 guidance raised: net income $595-625M, Adjusted EBITDA $1,000-1,030M, DCF $820-850M.
- Throughput volumes up YoY: gas processing +23%, gas gathering +19%, water gathering +34%.

## SEC filing metadata
- accession: 0000950170-23-034561
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2023-07-26T23:59:59+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/1789832/000095017023034561/0000950170-23-034561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017023034561/hesm-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034561
- JSON: https://secwatch.observer/filing/0000950170-23-034561.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034561.txt

## Key facts
- Earnings Releases
  Hess Midstream LP reported second quarter of 2023 results: revenue Revenues and other income in the second quarter of 2023 were $324.0 million, net income Net income attributable to Hess Midstream LP was $25.1 million, EPS $0.50 basic earnings per Class A share.
  - Period: second quarter of 2023
  - Revenue: Revenues and other income in the second quarter of 2023 were $324.0 million
  - Net income: Net income attributable to Hess Midstream LP was $25.1 million
  - EPS: $0.50 basic earnings per Class A share
  - Result: reported results
  source text: Net income was $147.9 million. Net cash provided by operating activities was $204.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017023034561/0000950170-23-034561-index.htm
- Earnings Releases
  Hess Midstream LP reported second quarter of 2023 results: revenue Revenues and other income in the second quarter of 2023 were $324.0 million, net income Net income attributable to Hess Midstream LP was $25.1 million, EPS $0.50 basic earnings per Class A share.
  - Period: second quarter of 2023
  - Revenue: Revenues and other income in the second quarter of 2023 were $324.0 million
  - Net income: Net income attributable to Hess Midstream LP was $25.1 million
  - EPS: $0.50 basic earnings per Class A share
  - Result: reported results
  source text: Revenues and other income in the second quarter of 2023 were $324.0 million compared with $313.4 million in the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017023034561/0000950170-23-034561-index.htm
- Earnings Releases
  Hess Midstream LP reported full year 2023 results: net income Hess Midstream LP is updating its full year 2023 net income guidance to $595 – $625 million. Guidance raised.
  - Period: full year 2023
  - Net income: Hess Midstream LP is updating its full year 2023 net income guidance to $595 – $625 million
  - Guidance: raised
  - Result: guidance update
  source text: Hess Midstream LP is updating its full year 2023 net income guidance to $595 – $625 million and increasing its Adjusted EBITDA guidance to $1,000 – $1,030 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017023034561/0000950170-23-034561-index.htm

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