---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-202613"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:58:46.453585+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream LP Reports Q1 2026 Results; Raises Free Cash Flow Guidance

## Summary
- Net income of $157.7M and adjusted EBITDA of $299.8M in Q1 2026.
- Increased quarterly distribution to $0.7792 per Class A share, up $0.0151 from Q4 2025.
- Repurchased $42M of Class A shares and $18M of Class B units in Q1 2026.
- Cuts 2026 capex guidance to $105M; raises adjusted free cash flow guidance to $910-$960M.
- Reaffirms full-year 2026 throughput, net income, and adjusted EBITDA guidance.

## SEC filing metadata
- accession: 0001193125-26-202613
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000119312526202613/0001193125-26-202613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312526202613/hesm-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-202613
- JSON: https://secwatch.observer/filing/0001193125-26-202613.json
- Plain text: https://secwatch.observer/filing/0001193125-26-202613.txt

## Key facts
- Earnings Releases
  Hess Midstream LP reported Q1 2026 results: revenue $390.1 million, net income $157.7 million, EPS $0.68 basic earnings per Class A share. Guidance reaffirmed.
  - Period: Q1 2026
  - Revenue: $390.1 million
  - Net income: $157.7 million
  - EPS: $0.68 basic earnings per Class A share
  - Guidance: reaffirmed
  - Result: reported results
  source text: as a precise description of any of the separate companies, each of which manages its own affairs. Financial Results Revenues and other income in the first quarter of 2026 were $390.1 million compared with $382.0 million in the prior‐year quarter. First quarter 2026 revenues included $30.6 million of pass-through electricity, produced water trucking and disposal costs
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000119312526202613/0001193125-26-202613-index.htm

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