Hess Midstream LP (HESM): Results of Operations and Financial Condition
Hess Midstream LP (HESM) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 hesm-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 HESS MIDSTREAM LP HESS MIDSTREAM LP REPORTS ESTIMATED RESULTS FOR THE SECOND QUARTER OF 2026 Second Quarter 2026 Highlights: • Net income was $173.7 million. Net cash provided by operating activities was $278.6 million. • Net
How this was made
The 30-second read
Why it matters
Traders can update models for midstream yield and cash generation using the declared distribution, Q2 cash-flow metrics, and the reaffirmed 2026 net income, Adjusted EBITDA, capex, and Adjusted Free Cash Flow ranges, while monitoring the stated throughput declines and maintenance drivers.
Market read
Fresh quarterly results plus a higher distribution and reaffirmed 2026 guidance are directly tradable inputs for valuation and income-focused positioning.
What to watch
Adjusted Free Cash Flow after distributions is referenced as a forward support metric, but the release also notes lower revenues driven by throughput declines, which could re-emerge if maintenance or production weakness persists.
Background
This is Hess Midstream LP’s SEC Form 8-K (Item 2.02) reporting estimated Q2 2026 results, operational metrics, capital expenditures, and declared quarterly cash distribution, along with reaffirmed full-year 2026 guidance.
Ticker impact
Hess Midstream reported Q2 2026 net income of $173.7M, raised its quarterly distribution to $0.7888/share, and reaffirmed full-year 2026 guidance.
Likely supportive for the stock versus peers if the market was concerned about throughput declines, since guidance and distributions were reaffirmed/increased.
The release includes multiple decision-relevant datapoints: Q2 earnings and cash flow, a declared distribution with a specific record and pay date, and explicit reaffirmed full-year financial and throughput ranges.
Market effects
Reaffirmed midstream throughput and cash-flow guidance with a distribution increase supports the fee-based midstream narrative, even with volume softness.
Bakken/Williston Basin operations guidance and throughput commentary can influence expectations for regional gathering and terminaling demand.
Limited direct global linkage; primarily affects US midstream cash-flow and shareholder-return expectations.
Counterpoint
Throughput volumes fell (oil terminaling -15%, water gathering -12%), so the distribution increase may rely on tariff rates and cost discipline rather than volume recovery.
Key entities
- issuerHess Midstream LP
Reported Q2 2026 net income, Adjusted EBITDA, Adjusted Free Cash Flow, declared a higher quarterly cash distribution, and reaffirmed full-year 2026 guidance.
- governanceHess Midstream’s General Partner
Declared the quarterly cash distribution of $0.7888 per Class A share, payable Aug 14, 2026.
- assetTioga Gas Plant
Planned maintenance contributed to a 4% year-over-year decline in gas processing throughput in Q2 2026.