$HESM

Hess Midstream Partners shares rose 2.6% pre-open after the company reported Q2 2026 results. Adjusted EPS per unit was $0.75 vs $0.69 consensus, and revenue was $399M vs $396.46M. The firm reaffirmed full-year guidance and declared a quarterly cash distribution of about $0.789 per Class A share, with ex-dividend Aug. 6.

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

US stock index futures rose ahead of Monday’s open, with Nasdaq Composite futures up about 0.82% to ~28,636, Dow futures up about 0.46% to ~52,875, and S&P 500 futures up about 0.50% to ~7,557.75. Investors await a busy earnings week including Berkshire Hathaway and Palantir, while crude oil fell 5-6% after Trump said US-Iran peace talks would resume.

ETF Trends reports sequential Q3 2026 distribution increases across midstream operators. Enterprise Products Partners raised its quarterly distribution to $0.56 per unit (+1.8%) and Energy Transfer to $0.34 (+~1%). Sunoco LP set $1.0023 (+1.3%), Hess Midstream $0.7888, and other MLPs also increased payouts. The article links the moves to yield support for AMLP and ENFR.

Morgan Stanley downgraded Hess Midstream LP (HESM) to Underweight from Equal Weight on June 10, citing limited visibility into long-term growth and sponsor strategy, and an unfavorable risk/reward. It set a $38 price target. In its Q1 2026 call, CEO Jonathan Stein said the firm completed a $60 million share/unit repurchase in March and increased Class A distributions by 2% (about 8% annualized).

Hess Midstream LP reported first-quarter 2026 net income of $157.7 million and Adjusted EBITDA of $299.8 million. The company updated its 2026 capital expenditures guidance to approximately $105 million and increased its Adjusted Free Cash Flow guidance to $910 - $960 million, attributing this to lower capital spending and deferred income tax payments. Hess Midstream also increased its quarterly cash distribution to $0.7792 per Class A share, reflecting recent share repurchases.

Hess Midstream LP reported Q1 2026 net income of $157.7 million and revenue of $390.1 million. The company announced share buybacks of $60 million and increased its quarterly cash distribution. Furthermore, Hess Midstream updated its 2026 guidance, lowering capital expenditures to $105 million and raising its Adjusted Free Cash Flow outlook to $910–$960 million, partly due to deferred income tax payments.

Hess Midstream LP has approved a $60 million equity repurchase program, targeting both sponsor-held Class B units and publicly traded Class A shares. This includes an $18 million buyback of 455,811 Class B units from a Chevron affiliate and a $42 million accelerated share repurchase of Class A shares with JPMorgan. The company expects these actions to support its goal of at least 5% annual distribution growth through 2028 and maintain significant financial flexibility.

While the top- and bottom-line numbers for Hess Midstream Partners (HESM) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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