secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2026-08-03T12:00:17+00:00
Accession:  0001193125-26-329567
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000119312526329567/0001193125-26-329567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000119312526329567/hesm-20260803.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-329567

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer