Earnings Releases·Oct 30, 2026, 7:00 AM ET

Hess Midstream LP — Third Quarter 2026 Earnings Summary

Net income attributable to Hess Midstream LP rose to $99.4 million ($0.77 per share) from $0.75 in the prior-year quarter, while Adjusted Free Cash Flow increased to $247.9 million from $186.8 million; revenues declined to $410.1 million due to lower throughput volumes despite higher tariff rates.
The company reiterated full-year 2026 guidance projecting Net Income of $650–$675 million and Adjusted EBITDA of $1,225–$1,250 million, with capital expenditures expected at $105 million.
Hess Midstream announced a transaction expected to close by year-end to acquire DJ Basin assets, a move anticipated to triple crude gathering throughput and transform the firm into a multi-basin operator.
The Board declared a Q3 2026 distribution of $0.7985 per share, an increase of $0.0097 from the prior quarter, with management targeting annual distribution growth of at least 5% and maintaining 2027 distributions fully funded by Adjusted Free Cash Flow.