---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-032732"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:42:49.479443+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q4 2025 EPS $0.72, Adj. EBITDA $309M, distribution raised to $0.7641

## Summary
- Net income $168M; diluted EPS $0.72 vs $0.68 in Q4 2024.
- Adjusted EBITDA $309.1M; Adjusted Free Cash Flow $207.8M.
- Quarterly cash distribution raised to $0.7641/share (+$0.0093 QoQ); payable Feb 13, 2026.
- Throughput volumes down 4% oil, 1% gas, 5% water due to severe winter weather.
- CapEx $47.6M, down 44% YoY; reaffirming FY 2026 and long-term guidance.

## SEC filing metadata
- accession: 0001193125-26-032732
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000119312526032732/0001193125-26-032732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312526032732/hesm-20260202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-032732
- JSON: https://secwatch.observer/filing/0001193125-26-032732.json
- Plain text: https://secwatch.observer/filing/0001193125-26-032732.txt

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