---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-329567"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2026-08-03T12:00:17+00:00"
generated_at: "2026-08-03T12:05:23.981787+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream Q2 net income $173.7M, EPS $0.75; raises distribution to $0.7888; reaffirms FY2026 guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-329567
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2026-08-03T12:00:17+00:00
- event_type: earnings
- sentiment: neutral
- 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/1789832/000119312526329567/0001193125-26-329567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312526329567/hesm-20260803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-329567
- JSON: https://secwatch.observer/filing/0001193125-26-329567.json
- Plain text: https://secwatch.observer/filing/0001193125-26-329567.txt

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