earnings
confidence high
sentiment neutral
materiality 0.65
Hess Midstream Q2 net income $173.7M, EPS $0.75; raises distribution to $0.7888; reaffirms FY2026 guidance
Hess Midstream LP
- Net income $173.7M (vs $179.7M Q2 2025); attributable net income $96.4M, $0.75 basic EPS (vs $0.74).
- Revenue $399.0M, down 3.7% YoY; throughput fell 15% oil terminaling, 12% water gathering, 4% gas processing.
- Adjusted EBITDA $313.7M; Adjusted Free Cash Flow $231.6M; capex $30.6M (down 56% YoY).
- Quarterly distribution raised to $0.7888/share, up $0.0096 from Q1 2026; payable Aug 14, record Aug 6.
- Reaffirmed FY2026 guidance: net income $650-700M, Adj. EBITDA $1,225-1,275M, Adj. FCF $910-960M.