---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-060585"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:35:02.326237+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q1 2025 EPS $0.65; distribution raised to $0.7098; throughput volumes up

## Summary
- Net income attributable to Hess Midstream $71.6M, basic EPS $0.65 vs $0.60 in Q1 2024.
- Adjusted EBITDA $292.3M, Adjusted FCF $190.7M, net cash from operations $202.4M.
- Throughput volumes increased 8% gas processing, 7% oil terminaling, 9% water gathering YoY.
- Quarterly distribution raised to $0.7098/Class A share (+$0.0086 QoQ); FY2025 guidance reaffirmed.
- Completed $100M repurchase of Class B units in Jan 2025; issued $800M 5.875% notes due 2028.

## SEC filing metadata
- accession: 0000950170-25-060585
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000095017025060585/0000950170-25-060585-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017025060585/hesm-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-060585
- JSON: https://secwatch.observer/filing/0000950170-25-060585.json
- Plain text: https://secwatch.observer/filing/0000950170-25-060585.txt

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