---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-009150"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:00:55.218772+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q4 net income $152.8M; adj EBITDA $264.1M; distribution raised 2.7% sequentially

## Summary
- Net income attributable to Hess Midstream $37.5M ($0.55 EPS) vs $0.49 YoY; revenue $356.5M (+13% YoY).
- Adjusted EBITDA $264.1M; Adjusted Free Cash Flow $146.6M; net cash from ops $247.6M.
- Gas processing throughput +24%, oil terminaling +19%, water gathering +47% vs prior-year quarter.
- Increased Q4 cash distribution to $0.6343/Class A share (+2.7% vs Q3 2023), targeting ≥5% annual growth through 2025.
- Completed $100M repurchase of Class B units in Nov 2023; FY 2023 full-year adj EBITDA $1,022.2M.

## SEC filing metadata
- accession: 0000950170-24-009150
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000095017024009150/0000950170-24-009150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017024009150/hesm-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-009150
- JSON: https://secwatch.observer/filing/0000950170-24-009150.json
- Plain text: https://secwatch.observer/filing/0000950170-24-009150.txt

## Key facts
- Earnings Releases
  Hess Midstream LP reported the fourth quarter of 2023 results: revenue $356.5 million, net income $152.8 million, EPS $0.55 basic earnings per Class A share.
  - Period: the fourth quarter of 2023
  - Revenue: $356.5 million
  - Net income: $152.8 million
  - EPS: $0.55 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 2023 were $356.5 million compared with $314.6 million in the prior-year quarter. Fourth quarter 2023 revenues included $21.7 million of pass-through electricity, produced water trucking and disposal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017024009150/0000950170-24-009150-index.htm

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