---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055003"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:23:16.476868+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q3 net income $164.8M, raises FY23 guidance, distribution up 2.7% to $0.6175

## Summary
- Q3 net income $164.8M ($0.57 basic EPS); Adjusted EBITDA $271.0M; DCF $224.1M (1.6x coverage).
- Quarterly distribution raised to $0.6175/share (+2.7% QoQ), payable Nov 14, record Nov 2.
- FY 2023 guidance raised: net income ~$615M, Adjusted EBITDA ~$1.03B; gas gathering ~380 MMcf/d.
- Completed $100M accretive repurchase of Class B units in September, third such transaction in 2023.
- Chevron to acquire Hess' 37.8% stake in HESM; contract structure unchanged; conference call postponed.

## SEC filing metadata
- accession: 0000950170-23-055003
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2023-10-25T23:59:59+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/1789832/000095017023055003/0000950170-23-055003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017023055003/hesm-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055003
- JSON: https://secwatch.observer/filing/0000950170-23-055003.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055003.txt

## Key facts
- Earnings Releases
  Hess Midstream LP reported the third quarter of 2023 results: net income Net income was $164.8 million.. Guidance raised.
  - Period: the third quarter of 2023
  - Net income: Net income was $164.8 million.
  - Guidance: raised
  - Result: reported results
  source text: On October 25, 2023, Hess Midstream LP issued a news release reporting estimated results for the first quarter of 2023. A copy of this news release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017023055003/0000950170-23-055003-index.htm
- Earnings Releases
  Hess Midstream LP reported third quarter 2023 results: net income Net income was $164.8 million., EPS Net income attributable to Hess Midstream LP was $35.3 million, or $0.57 basic earnings per Class A share. Guidance raised.
  - Period: third quarter 2023
  - Net income: Net income was $164.8 million.
  - EPS: Net income attributable to Hess Midstream LP was $35.3 million, or $0.57 basic earnings per Class A share
  - Guidance: raised
  - Result: reported results
  source text: Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported third quarter 2023 net income of $164.8 million compared with net income of $159.4 million for the third quarter of 2022. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $35.3 million, or $0.57 basic earnings per Class A share compared with $0.53 basic earnings per Class A share in the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017023055003/0000950170-23-055003-index.htm

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