---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-047927"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:10:57.935205+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q1 net income $161.9M, EPS $0.60; increases distribution to $0.6516/share

## Summary
- Net income $161.9M; attributable to HESM $44.6M ($0.60 basic EPS) vs $0.47 in Q1 2023.
- Adjusted EBITDA $275.8M, Adjusted Free Cash Flow $194.2M; reaffirmed FY2024 EBITDA guidance $1.125–1.175B.
- Throughput volumes up YoY: gas processing +16%, oil terminaling +13%, water gathering +47%.
- Increased quarterly distribution to $0.6516/share (~2.7% QoQ); targets at least 5% annual growth through 2026.
- Completed $100M repurchase of Class B units in March 2024.

## SEC filing metadata
- accession: 0000950170-24-047927
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2024-04-25T23:59:59+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/1789832/000095017024047927/0000950170-24-047927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017024047927/hesm-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047927
- JSON: https://secwatch.observer/filing/0000950170-24-047927.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047927.txt

## Key facts
- Earnings Releases
  Hess Midstream LP reported the first quarter of 2024 results: revenue $355.6 million, net income $161.9 million, EPS $0.60 basic earnings per Class A share.
  - Period: the first quarter of 2024
  - Revenue: $355.6 million
  - Net income: $161.9 million
  - EPS: $0.60 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 2024 were $355.6 million compared with $305.0 million in the prior‐year quarter. First quarter 2024 affiliate revenues included $23.2 million of pass-through electricity, produced water trucking and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000095017024047927/0000950170-24-047927-index.htm

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