Hess Midstream posts Q3 profit beat, raises cash distribution and eyes year‑end asset deal
Hess Midstream LP reported third‑quarter 2026 net income of $179.1 million and adjusted EBITDA of $319.9 million, with GAAP earnings of $0.77 per Class A share beating consensus. Revenue was $410.1 million, down modestly year‑over‑year, while throughput volumes fell across oil, gas and water segments. The board increased the quarterly cash distribution to $0.7985 per share and reiterated full‑year guidance, noting a transaction announced on October 6 that is expected to close by year‑end, adding DJ Basin assets.
Why it matters
The earnings beat and higher distribution support the company’s dividend‑focused investor base (the company said the increase aligns with its target of at least 5% annual distribution growth). The pending transaction could triple crude gathering throughput and broaden the asset base, potentially enhancing future cash flow.
Key facts
- 1Net income for Q3 2026 was $179.1 million. stocktitan.net
- 2Adjusted EBITDA for Q3 2026 was $319.9 million. tradingview.com
- 3GAAP earnings per Class A share were $0.77. seekingalpha.com
- 4Revenue for the quarter was $410.1 million. tradingview.com
- 5Quarterly cash distribution was increased to $0.7985 per Class A share. investing.com
- 6Capital expenditures totaled $21.5 million. tradingview.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.