---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-261718"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:55:27.503836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q3 net income $175.5M, EPS $0.75, dividend increased 2.4% QoQ

## Summary
- Net income $175.5M ($0.75 basic EPS) vs $164.7M ($0.63) in Q3 2024; adjusted EBITDA $320.7M.
- Throughput volumes up 10% (gas processing), 7% (oil terminaling), 7% (water gathering) YoY.
- Quarterly distribution raised to $0.7548/share (+$0.0178 QoQ); paid Nov 14 to record Nov 6.
- Completed $70M Class A share repurchase and $30M Class B unit repurchase during Q3.
- Full-year 2025 capex guidance reduced to ~$270M (Capa gas plant suspended); Q4 net income guided $170-180M.

## SEC filing metadata
- accession: 0001193125-25-261718
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2025-11-03T23:59:59+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/1789832/000119312525261718/0001193125-25-261718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312525261718/hesm-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-261718
- JSON: https://secwatch.observer/filing/0001193125-25-261718.json
- Plain text: https://secwatch.observer/filing/0001193125-25-261718.txt

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