---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-099887"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T23:09:48.857891+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q2 net income $179.7M, EPS $0.74; distribution raised 3.8% QoQ

## Summary
- Net income attributable to HESM $90.3M ($0.74 basic EPS) vs $0.59 YoY; Adjusted EBITDA $316M.
- Throughput volumes up 7% gas processing, 9% oil terminaling, 11% water gathering YoY.
- Completed $190M Class B unit and $10M Class A share repurchases; distribution increased to $0.7370/share.
- Full-year net income guidance updated to $685-735M; Adjusted EBITDA reaffirmed $1,235-1,285M.
- S&P upgraded senior unsecured debt to BBB- on July 24, 2025.

## SEC filing metadata
- accession: 0000950170-25-099887
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2025-07-30T23:59:59+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/1789832/000095017025099887/0000950170-25-099887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000095017025099887/hesm-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-099887
- JSON: https://secwatch.observer/filing/0000950170-25-099887.json
- Plain text: https://secwatch.observer/filing/0000950170-25-099887.txt

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