Hess Midstream Q1 FY26 net income falls 2.29% to $157.7 million; revenue rises 2.12% to $390.1 million

Hess Midstream LP Class A

Hess Midstream LP Class A

HESM

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  • Hess Midstream posted Q1 net income of $157.7 million, down 2.29% year over year, while net income attributable to shareholders rose to $87.6 million.
  • Adjusted EBITDA increased to $299.8 million, up $7.5 million from a year earlier, while net cash provided by operating activities climbed to $253.3 million.
  • Revenue rose to $390.1 million, up from $382.0 million, on higher tariff rates, third-party services, and pass-through revenue, partially offset by lower throughput volumes.
  • Oil terminaling volumes fell 5% to 119 MBbl/d, water gathering dropped 9% to 115 MBbl/d, while gas processing edged up 1% to 430 MMcf/d.
  • Quarterly distribution declared at $0.7792 per Class A share, up $0.0151 from Q4 2025; partnership also placed a new compressor station into service with about 50 MMcf/d of installed compression capacity.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hess Midstream LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-211991), on May 07, 2026, and is solely responsible for the information contained therein.